With a little Effort... tomorrow can always be brighter
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
In response to the questions around how much of MRMD that WDDD owns... under the Ownership tab in E-trade as of today, May 27th, 2017:
5,900,000 shares. This is consistent with the 9.2% ownership disclosed on the 2016 Annual Report. MRMD did do a reverse split earlier this year. Yesterday's closing price of .82/share puts WDDD's value @ $4,838,000.
Shares outstanding of WDDD: 246,000,000,
So, every share of WDDD should recognize $.019 of value from MRMD at today's market prices.
That's a nice backstop on a business that is expected to enjoy solid, constant growth in REV and more importantly... profit.
This is bad news for ATVI who hoped WDDD would die on it's sword. Now it will be easier to get financing (if needed).
Many good things working for WDDDs now... it's been a rough ride for many of us long term holders but the skys have been clearing.
GLTALs
Well said.
I agree.
Well, when you think about it.. unsolicited& free 'appraisals' are usually worth exactly what you paid for them.
Why would someone work so hard to give their analysis away for free?
Seems suspect.
I know why I am here. I know why I bought. I also know what has happened for the last 4 years and I don't feel the need to listen to someone else to validate my position.
Everyone else needs to ask themselves if it is worth selling or buying.
GLTALs
A quick test:
1) Were the treble damages at play mentioned?
2) Did the analysis include what past expenses were for IE: Operational or retiring of old debt, etc It's a quick way to distort future needs.
3) Were Tax losses accounted for in possible future returns?
4) What other details are they focusing on and which ones are being left out. Can show bias.
5) Did they try to 'educate' investors on acceptable returns then compare them to vehicles that the retail investor doesn't have access to? Risk/Reward is a personal thing, isn't it?
6) What was the vibe of news? Did it seem like it steered to a conclusion that was counter to the position the writer said they had?
7) How was the CEO able to get so much funding at the levels he did last year if massive dilution was forthcoming this year?
Hard to say... Time will tell.
I think most people can be emotional but hopefully can tell fake news when they see it.
As of December 31, 2016, WDDD owns approximately 9.3% equity interest in Worlds Online (WORX).
WORX (from 10K posted April 17, 2017) states: We currently operate in two separate segments with one segment being a 3D entertainment portal which leverages its proprietary licensed technology to offer visitors a network of virtual, multi-user environments which we call "worlds" and the second segment being a management company in the medical cannabis industry operating through a subsidiary which we call MariMed.
Net revenues for the year ended December 31, 2016 was $3,564,120 and for the year ended December 31, 2015 was $1,270,176. The revenue in 2016 and 2015 is attributable to our medical marijuana business was $3,563,502 and $1,269,378, respectively, and from our 3D business was $618 and $798, respectively.
The following news item is concerned with WORX's MariMed investment:
http://www.denverpost.com/2017/04/27/sessions-wise-to-hear-hickenlooper-out-on-weed/
That should help 'grow' that part of the business.
Speculation on next week I would assume. See PatentPlay's comments on the impact of the ruling (expected).
I have been around patent law for many years and was a disappointed VRNG shareholder. You are right, it has been a hostile environment for patent holders. I believe PatentPlay's point was that is in the process of changing.
It's not hard to get upset at the injustice that was. I have been here (WDDD) over 4 years and watched much happen.
The future does look much brighter and eventually WDDD shareholders should see some nice royalty income (IMO).
GL.
BigDawg,
I respectfully disagree.
The whole system is based on 'fear'. If it wasn't shaped by 'fear' than why would we care so much about SCOTUS appointees, (all the way down and through the circuits)? Precedents are what guide Common Law but are made by those who rule and their interpretations of the law that allow them.
As for CAFC changing their stripes... well, it wouldn't be the first time.
Here's a little light reading to show where we're at: https://www.fenwick.com/pages/post-alice.aspx
Law is the most subjective process there is and it absolutely matters who's running things. Those with Patents (Business people) care the most for protecting them. Welcome to the era with the most Business Minds (possibly ever) now running the US Administration.
Well, the odds of winning have never been better for WDDD.
Track record is in place. But then... risk is risk.
Looking forward to a great next few years as infringers are made to pay.
On this auspicious day 4/20 a/k/a 420, remember WDDDs owns over 9% of WORX
owners of http://marimedadvisors.com/
I was doing some of that last year. My core is not tax-sheltered as I wanted the long term gain tax rate (which TRUMP should be making even better if he ever gets the chance). It will be interesting to see what happens with the settlement payout. I still see a special dividend which works nicely to let long term holders (which includes the CEO and those that financed this) to get their investment++ back, keep their ownership levels and keep the cash machine going as WDDD goes after other infringers.
Enjoy the current 'SALE'.
It still blows my mind that more people wouldn't want just a $1,000 worth of stock in this. Sure, some call it a long shot but the upside should be huge! If I'm wrong, many have lost way more than $1,000 on a stock with less intrinsic value than WDDDs has.
GLTAL.
Old Owl, was that you buying today? ;)
Anyone that has been here for over 2 years knows the CEO has become cautious in his forecasting as he once was aggressive and that lead to a financing that was ugly.
For those of us that have been here for several years... we made it through stages many said we would not. Markman, etc...
Here's a little something that still brings a smile to my face. It's old but speaks to the opportunity I believe in. Hope you enjoy:
Worlds Inc. Adds Two More Billion-Dollar Activision Games to Patent Infringement Suit
BOSTON, MA--(Marketwired - Feb 11, 2015) - Worlds Inc. (OTCBB: WDDD) has supplemented its claims in its patent infringement lawsuit against Activision Blizzard, Inc., Blizzard Entertainment, Inc. and Activision Publishing, Inc.'s (Activision et al) to include two recently released Activision games: World of Warcraft: Warlords of Draenor and Call of Duty®: Advanced Warfare. Worlds believes these and other games that are part of Activision's multi-billion dollar franchise infringe upon the same Worlds' intellectual property. The amended claim can be found on the US Gov't Pacer website, www.pacer.gov/ (registration required).
"Approximately 20 years ago, Worlds developed the patented seminal technology that has been fundamental to the development of multiplayer online gaming into a $20-billion dollar industry," stated Thom Kidrin, CEO of Worlds Inc. "As our litigation proceeds through the legal system over the past three years, damages continue to mount substantially."
World's patents relate to computer architecture for three-dimensional graphical multi-user interactive virtual world systems also known as Massive Multiplayer Online Role Playing Games (MMORPG). The patented technologies are critical to enabling the MMORPG communities as they are known today.
"Call of Duty: Advanced Warfare was the #1 top-selling game of 2014 in the U.S. based on sales through November 2014, according to NPD Group," notes Activision's website. A Fortune Magazine's article on the success of the two games stated: "Michael Pachter, video game analyst at Wedbush Securities, estimates Advanced Warfare sold 12 million copies in week one. He forecasts Activision will sell 21 million copies of the new Call of Duty this year (2014), and an additional 2 to 3 million copies in 2015. That would equate to $1.26 billion in sales this year (2014) for the game." Activision's website also states, "Call of Duty has achieved approximately $4.2 billion life-to-date revenue and has an active global community of millions of players."
Worlds anticipates a ruling will be forthcoming soon on the October 3, 2014 Markman Hearing before Judge Denise Casper in the U.S. District Court for the District of Massachusetts.
"The Court's construing of the claim construction is the next step in the litigation for our case prior to the court setting a trial date for our case, number 1:2012cv10576," stated Kidrin. "Our two-decade long history of developing this patented technology that has been invaluable to the development of the entertainment industry largest segment deserves to be protected. While proposed patent reforms look to eliminate suits by patent trolls who acquire patents simply to pursue litigation, we are proud that the technology we developed ourselves enjoys the protection that the U.S. Patent and Trademark Organization was created to protect. We look forward to having our day in court and protecting our intellectual property against continued infringement."
More information on the lawsuit and Worlds' patents can be found on the Worlds Inc. website at http://www.worlds.com.
About Worlds Inc.:
Worlds Inc. (OTCBB: WDDD) developed software and related technology for the creation of interactive three-dimensional (3D) Internet environments encompassing massively multiplayer online role-playing games (MMORPG). The company's technologies are designed for large-scale communities of simultaneous online users, who interact within online interactive 3D virtual worlds. Worlds intends to monetize its patent portfolio through enforcement, licensing and royalties of its patented technologies. For more information, visit www.worlds.com.
Forward Looking Statements
This release contains certain forward-looking statements and information relating to Worlds Inc. that are based on the beliefs of Worlds' management, as well as assumptions made based upon information currently available to the Company. Such statements reflect the current views of the Company with respect to future events including estimates and projections about its business based on certain assumptions of its management, including those described in this Release. These statements are not guarantees of future performance and involve risk and uncertainties that are difficult to predict, including, among other factors, changes in demand for the Company's services and products, changes in the economic environment and changes in technology. Additional risk factors are included in the Company's public filings with the SEC. Should one or more of these underlying assumptions prove incorrect, actual results may vary materially from those described herein as "hoped," "anticipated," "believed," "estimated," "should," "preparing," "expected," "intends" or words of a similar nature. The Company does not intend to update these forward-looking statements.
Disclaimer with respect to website:
You are advised that the contents of the Company's website are not incorporated by reference into this press release.
Contacts:
Thom Kidrin
CEO
Worlds Inc.
Email Contact
Julie Shepherd
Media relations
Accentuate PR for Worlds Inc.
847 275 3643
Email Contact
Tumbleweeds... great time to add. GLTAL
My pleasure.
VRNG took on more than they could chew. I had a fair size position there that Boies should have brought home... now it's an Airport Spa company... sad. I sold out in that runnup what was it Oct?
I watched ParkerVision, VHC, etc on the sidelines... they didn't earn my support.
This is a very different situation here. Susman brings the Legal smarts, WDDDs created the tech & Kidrin is not a showboat.
We'll do well here. Kidrin is no Pearlman.
Be safe and enjoy the Holiday!
Have not spoke to Kidrin in awhile.
This is an average size investment for me.
That buy you spoke of the other day was mine and was actually 1MM shares, not the 700M you mentioned.
I had hoped Susman would have stepped up to guide CAFC but then walked it off realizing the warrants were a stop gap that ended up being used earlier than later. Removing the financing needs for the foreseeable future was a great move. Kidrin says the investor is not interested in selling and after Hudson, he has been very cautious. That was a mess.
My attitude on this stock has changed over the years as my position has grown. I don't think most understand how profound what WDDDs is doing here is and I don't write a newsletter and I don't need to spend my time teaching people risk/reward and how to make money.
I am excited for the dividends once the settlements start coming in.
ATVI will fall hard and many infringers are to follow.
Enjoy this gift brought to you by what I believe is the rebalancing on accounts in the open market to avoid wash sales by taking loses here in one set of accounts and and setting up gains for the years to come in other accounts. This much volume is unlikely to be just retail.
Not too many people understand Patent plays or have the courage to take sizeable positions.
Merry Christmas. I am heading up to Vermont to enjoy the end of 2016. Catch you in 2017.
As of today... almost 11.
Been here awhile.
Best Patent Play out there.
Not worried about these Flippers.
Ask the Old Owl... We've been here for years.
I am thinking on the same but will need to fill out paperwork... that would put me over 5%.
Gary,
it goes on the decline because of the burn rate not because of the R/S.
Are you familiar with factoring? WDDDs trades on the 'future value' of an expected outcome as we move through the legal process of collection.
With each win (MSJ, Markman, IPR, CAFC) the intrinsic value* increases. This could actually accelerate better after a R/S with the smaller float** (proportionately) and as target prices are met, the audience of available investors gets larger and upgrades to better exchanges occur.
Companies use R/S to finance their ongoing burn rate. WDDDs has now over 2 years of cash (Warchest). Having this $ removed uncertainty around how CAFC would be paid for and should offset the 19% dilution that occurred to get it (intrinsic value). That's why I added more.
Inefficient markets allow for market value to not reflect intrinsic value. You can smell these usually by the numbers of Pumpers/Dumpers screaming on Message Boards to motivate those less familiar (retail investors) to get what they want.
But if you want to sell, don't let me get in the way. The long term members on this Board know what they have here.
Just remember 'Three Feet From Gold' by Napoleon Hill
for those who don't know:
*Intrinsic Value:the actual value of a company or an asset based on an underlying perception of its true value including all aspects of the business, in terms of both tangible and intangible factors. This value may or may not be the same as the current market value. Additionally, intrinsic value is primarily used in options pricing to indicate the amount an option is in the money.
** Float: refers to the regular shares that a company has issued to the public that are available for investors to trade. This figure is derived by taking a company's outstanding shares and subtracting from it any restricted stock. (Restricted stock is stock that is under some sort of sales restriction: for example, stock that is held by insiders and cannot be traded because they are in a lock-up period following an initial public offering.)
Anyone invested here needs to remember why.
R/S was going to happen... it's not a big deal. a R/S means nothing on it's own. It does not change the value of your investment. It only changes how many shares it takes to have the same % of the company.
What people confuse R/S with is burn rate. The burn rate @ WDDDs is very low. This is not GEVO or a company like GEVO trying to enter a very competitive space with all kinds of costs, overhead, marketing, staff, etc.
WDDDs has 1 employee. Everyone else is on contract (very efficient).
We have the product.
We are effectively a collection company that has to go after companies that bought our product (by using it) and we have employed all means to collect and now have a court order to get paid. The good news is the people that owe us have the money to pay.
So, sit back, let Kidrin get this done and watch your shares move upwards.
The smaller the pool of shares available, the harder it will be to buy in. Seems like many of us are sitting on sizeable positions with no intention of selling. I personally want as much stock as possible so when the disbursements start coming, I will keep my % of the company and keep getting royalty payments (effectively).
Looks like the tree shaking I mentioned is hitting a fevered pitch.
Let's pretend the latest scenario being put forward is that the recent big investor sold his complete holding into the market to then exercise his warrants to give the company the money needed for the next 2+ years.
1) Was the news good on PTAB? Yes
2) Did this sale (if real) increase the share count? No (warrants were already issued).
3) Did he really sell? Looks unlikely as it would mean little to no trading by anyone else.
4) Does it have an impact on the future? Not really. The warrants were going to happen at some point. Now they are shares but WDDD has the cash. This in fact makes the shares worth more as WDDD has the money to conduct it's business.
5) I would argue the worst day was when the financing occurred months ago when PTAB was still an unknown and the shares and warrants were issued.
6) Trying to make the CEO look bad now is not only too late... it's at the time when the shares are going to grow in value going forward with CAFC; meaning your comments appear hollow and insincere.
But then, I have no plans on selling any part of my holding here. And as I watched the share price climb, I made a choice to stay. I want the cashout when the special dividend is paid after settlement with ATVI and to keep growing as other infringers are made to settle. It's not very many companies that can stay alive and keeping winning this Patent game test after test like WDDD.
Merry Christmas.
What the R/S and Warrant Exercise means to you as investor:
1) There was no new share offering (on top of the warrants)
2) The warrants that acted as an overhang are now just shares (we knew this would happen at some point)
3) The company now has 2+ years of financing (ATVI will need to factor this into their plans).
4) The reverse split was going to happen at some point(so it was a non-event). Strength of the case will add to the share price and pave the way for the upgrade in Exchange
5) Your shares are worth more now as a result of removing the uncertainty around paying for CAFC.
6) Kidrin is planing a one time special payout to shareholders of record when the settlement comes. This makes sense rather than this investor trying to sell his shares into market to get paid which means I don't see him selling any shares.
7) The amount of shares available for trading has effectively not gone up which means the only way to get shares is to scare someone out of theirs.
8) As this builds in value and more and more LT holders accumulate, it will get harder and harder to buy shares as we all wait for the one time payout (which will come on the heals of going after other infringers). Scarcity will drive share price up.
9) After the R/S, there will be proportionately less shares...
10) Tree shaking to knock out weak hands is here.
Interesting...
As no one can know what deals have been struck internally (other than the parties to), I find your forecast very pessimistic. I on the other hand feel differently.
Kidrin has been a great steward throughout the years and I expect that he was comfortable moving forward with the 6 claims won but Susman convinced him to appeal. I expect that as a grand bargain, the cost to appeal will be covered by Susman as a result or at least defrayed. Susman needs to be considered as an active creditor at this stage.
I don't expect any further dilution as a result and as Kidrin is also a substantial shareholder, I feel he is protecting his own interest which we as shareholders also benefit from. Not to mention that an additional cash raise at this point will upset recent investors who formed part of the most recent financing and risk another reset of warrants.
CAFC will be interesting but there are several differences to WDDD that you don't seem to have calculated in your timeframes from the other Patent plays you appear to follow. CAFC should be over in less than 6 months and as ambitious as this may sound to you, I expect to have our results in approx 4.
I have reviewed many of your posts and your track record is no better or worse than any other prognosticator on these boards and your forecast is healthy (on the conservative side); I look forward to seeing what happens (in actuality).
As a long who has been involved in several patent plays for the past 5-6 years, I too have done much due diligence and like this play the most of the lot. It is still high risk of course but then we shall all find out in the wash.
Merry Christmas.
Great posts as of late.
Some thoughts for investors here:
1) ATVI will never be allowed to buy WDDDs. I believe WDDD is protected from such an action to prevent Defendants from simply buying their way out of litigation on the cheap but should I be wrong, 100%... Poison Pill time: Susman nor Kidrin would never allow this.
2) WDDD should float up from here (once weak hands who see profit off their low entry but don't understand their investment; sell). CAFC won't take months and months (think Spring) and the ball is in WDDD's court (literally). Some simple due diligence will show that at this stage of the game, Bungie is the one at risk.
3)I don't see WDDDs getting the IPR thrown out as it validated the patents and now holds Bungie to the flame. I see WDDD legal bills to defend being reimbursed and a settlement if Bungie is smart.
4) Susman would have weighed in on the decision to appeal which means it is very strong and the right play. Being on contingency, Kidrin would have to have had their blessing. If there was any doubt, Susman would have taken the ball and carried it forward to protect their end. To appeal means more money for all of us on team WDDD.
We have crossed the desert. We are entering the land of plenty. MSJ, Markman,IPR and in a couple of months CAFC will only add value to the stock.
No one can say when the nervous investing market will realize this and reflect it in the shareprice but mark my words: We are growing in value with every move from here. Markets are not always efficient. :)
Have a great 2017!
Nice to see vibrant discussion return to this Board.
Couple of questions for LouisDesyjr & StockAlphaDave
1) Do either of you hold a position in the company (Short or Long)?
If Short, how on a PINK SHEET penny stock?
2) What is your motivation for your stance?
Clearly you don't have to answer but I think it would help others here understand your comments more clearly.
Thanks
3dknerd,
your opinion is welcome as is that of anyone who has taken the time to review the company, it's products, patents, etc.
I appreciate you feel this a social issue and on that I agree.
What I think you missed is that Patents are not forever and are an important protection afforded to those that create/innovate and move society forward. It is meant to stimulate growth and allow the creator/inventor to firstly recoup their expenses then anyone who sees a way to enhance their creation/innovation to license it.
In this way the initial party gets compensated for their efforts as does anyone who licensed it.
What has happened here is a license was offered and ATVI felt they didn't need to pay for the ability to use the patented creation.
This is why Treble Damages are possible.
ATVI knows they have infringed and have tried at every level to crush WDDDs using their influence and cash rich position to deny justice (Bungie PTAB current issue included).
You may disagree but this is the system both companies exist in called the United States of America which is based on this system and has become the Intellectual Property Capital of the World because of it.
To allow power and influence to override afforded justice in the system is corruption.
Allowing ATVI to win with overwhelming evidence of infringement is a miscarriage of justice and has a detrimental impact on the fostering of new tech in the US.
If this helps... picture you created an algorithm that allowed a company to enhance their online advertising by 5000% which has a huge financial impact on anyone who could employ it. Trouble is, you don't have direct access to the group of users so you try to license it to a popular browser. You approach one of these companies who is blown away by your Algo but decides they won't license it. They go ahead and employ work work which is considered pirated by most.
A) If you had had a patent, you would've had the confidence to approach the Browser Co with your Algo thinking you were protected and the means to get justice if they tried to pirate your work.
B) Without a patent, you would risk never having anyone stand with you in your fight for justice and are completely at the mercy of the Browser Co,
As a creator... why would you bother sharing your invention in scenario B)?
Without protection why would we create? The USSR used a pencil in Space... the US developed leading edge tech to write upside down in Zero gravity.
Take a look at both countries today. Smart people keep emigrating to the US to monetize their creations...Russia? Not so much.
We as a whole benefit when we move social benefits forward.
We need to support those who need our help defending their work.
We are the best place in the World for innovation and we need to protect that.
Hope that helps expand on your social impact viewpoint.
Don't forget... We had a good result @ Markman.
Things are looking very good going forward for WDDD.
It's been a long Summer with lots of questions but soon the answers will be coming.
My thoughts:
1) The conversion has kept the shareprice depressed but if not yet over.. it is close which will lift shareprice as news event calendar heats up.
2) The conversion shows me belief in the success of the company by the debtholder as shifting from a debtholder position to common shares reduces their security that I wouldn't do unless I was very comfortable the shares would rise substantially.
3) Timing of the conversion was at a known lowpoint to maximize their conversion while outside investors took a break (not a lot of buying as there was a long period of no updates on a news driven stock).
4) The opportunity to enforce the Patents remains strong and the win(s) large.
I was not happy with the increase in shares to 250MM but I understand it was necessary. I picked up more shares and feel comfortable that an average under .10/share will make me a very nice return. With a small win of $250MM (much higher is expected) and the Susman FEE removed... we should still be in the .60/share range. Then we go after other infringers.
I personally see a much higher award and feel this is very conservative especially with the expectation of Treble damages (3X) for not accepting a license when WDDD offered years ago.
Patent enforcement is a long investment cycle but the rewards can be great. WDDD has great legal teams representing them, excellent proof they created the work protected by the patents they filed & hold, they did offer a ATVI to license (many years ago and ATVI's actions to bully their way out of paying won't play well for ATVI/Bungie in front of a jury.
Buying recurring REV with stock is smart:
1) it supports the value of the stock with steady income and makes investors more comfortable to stay invested while licensing & patent infringement REV comes in.
2) it preserves cash on hand which keeps the Warchest known to Patent Infringers which should motivate them to license more quickly.
3) Dilution to raise cash is much different than buying recurring REV
Shorts just got served.
This is the most positive news I've had on my VRNG-FH holdings in many years and I look to add more. I'm certain I am not alone.
Counterfeit Shares... remember this?
Vringo changed it's name and it's ticker as part of crystallizing the Shorts who were selling fake shares. That in now the Past.
With a fresh and validated float, new investors will have greater confidence in putting their money to work here.
There are some great things on the horizon.
No one here knows the full story... Pearlman does.
How many times have leaders of a company or Presidential Candidate (Trump)said one thing then rethought strategy (Taxes on the Rich)? Don't be surprised that once Patent Law gets the much needed makeover it's undergoing, that GOOG is back on in front of SCOTUS.
I know this will upset many Shorts and I will be called a dreamer... go do some DD. It's never one and done in the Courts.
FliCharge... wins on 2 levels 1) Products 2) Patents
I think my prediction of March 2016 is coming true
New name change...
http://seekingalpha.com/article/3972591-vringos-vrng-ceo-andrew-perlman-q1-2016-results-earnings-call-transcript
from CC transcript: Andrew Perlman
So right now we’re our obviously of the mind of we’re in the position where we're actively engaged with a number of other parties but as a public company with shareholders we will always do what we believe creates the most value add of the asset. So if there were an opportunity for a joint venture or sale where we thought that created the most value that’s the avenue that we will take.
I expect after a successful launch next month of the new Flicharge product line that the company will be adding to it's ask price for potential buyers.
I still see VHC as the frontrunner, why? See below:
http://finance.yahoo.com/news/five-stocks-could-ready-double-133500993.html
VirnetX Holding Corp (VHC) was another stock that was trending higher on Tuesday with shares closing the day at $4.95, up 11% on the day. The company has been in the news most recently due to a substantial patent win over Apple, Inc.
There is a lot of speculation as to the selling we are experiencing as of late.
One thing to note is yes, its a lot of shares but not a lot of dollars.
More importantly, who is buying all these shares?
So before getting upset as to the selling... be happy that is doesn't mean much.
I personally own over 5 million shares that I bought at much higher prices and I am not worried. Cross selling and buying on close between different tax entities is common and does not have to be institutional. It just depends on how your holding companies are classified for tax reasons. Offsetting gains in one portfolio and setting up for gains in another.
The Patent Winter of the past couple of years is coming to an end.
We have best in class representation on contingency (low cost) and a CEO who does his best to avoid dilution as much as possible.
So, relax... I feel very comfortable in my position. The pendulum is swinging back in to the favor of those who create & innovate.
This should be a great year.
Another Patent Player.
If you see #6 on my list... that is who I think would be the most likely.
6) February 05, 2016 might have created this when VHC had the following: a jury in the United States Court for the Eastern District of Texas, Tyler Division, awarded VirnetX $625.6 million in a verdict against Apple Corporation for infringing four VirnetX patents. This is, in fact, the second time Apple has been penalized for infringing VirnetX’s patented technology.
Is Vringo now up for sale?
Some interesting maneuvering has been going on inside Vringo these past weeks.
1) March 9, 2016 - Vringo, Inc. (VRNG), a diversified technology company, today announced the successful restructuring of all of its existing debt.. which results in a sweet deal for Iroquois and the next point:
2) Mr. Abbe, Co-founder,Principal & Managing Partner of Iroquois Capital Management, LLC joins the Board
3) March 16, 2016 - Vringo, Inc. (VRNG), a diversified technology company, today announced that H. Van Sinclair and Noel J. Spiegel have resigned from the Company`s Board of Directors. This is most likely as they are no longer needed or were against a sale.
4) March 18th, Vringo points out to potential buyers that 'As of December 31, 2015, Vringo had net operating loss ("NOL") carryforwards of approximately $123.5 million, which could be used in certain circumstances to offset Vringo`s future taxable income or otherwise payable taxes and therefore reduce its federal and state income tax liabilities.'
5) A new 'Employee share profit plan' is adopted to retain staff by giving them incentive to stay through an acquisition.
6) February 05, 2016 might have created this when VHC had the following: a jury in the United States Court for the Eastern District of Texas, Tyler Division, awarded VirnetX $625.6 million in a verdict against Apple Corporation for infringing four VirnetX patents. This is, in fact, the second time Apple has been penalized for infringing VirnetX’s patented technology.
7) Facts: VRNG needs a warchest
Iroquois wants it's money and has negotiated very favorable terms so they would want to be part of a sale
I expect this will happen quickly. My initial timeline was 4-6 months but after further review, it could happen much more quickly than that.
VRNG needs $, DTV would settle sooner and is a massive carrot to a potential buyer.
This stock won't see pre-split $50 but I expect a cash & share offer of between $11- $17/share. It's not great but Management will be taken care of and anyone with an average down of less than $10/share should do well. New buyers stand to make over 5 times their investment in an expected short period.
This is the conclusion I came to with my 25+ years in finance and investing. Do your Due Diligence, see what you come up with.
600+ patents
approx $1.5/share of cash
approx $8.2/share of tax loss carryforward
Pending DTV settlement (should be worth at least $3/share
Etc..
Remember, you saw it here first.
GLTALs
I agree 100%. One has to ask when posters tell you the only direction is to much lower share prices. Kidrin has always done a great job managing costs while trying to preserve shares from further dilution. Anyone who does a little DD can see this. It protects his stake as much as any of ours.
The stock has been beat up... many have lost faith... that's okay, it's normal. I have kept my shares and like the latest developments. Patent plays have gone through a witch hunt that is finally coming to a positive close.
ATVI is on the hook for a lot of money... looks like the payday is getting closer everyday.
What is the value to someone who tells you to sell? Must be because they want your shares. No thanks. I'm holding and adding still.
Low volume stocks that are driven by news have many opportunities to get attacked during quite periods. Nervous investors; this one's not for you.