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This stock did not go up because people thought it was a great buy. I have seen this happen before and the reason why bankrupt companies go up is due to short covering. Anyone following GNK knew they were in trouble a long time ago . There were over 14 million shares shorted as of March 15 probably more before today so anyone short does not want to hold through a bankruptcy procedure, you usually cover the long -term short position and maybe go to a short -term short because you know it is going to zero.
Last year there was a stock called Orchard supply and the same thing happened. That one got so bad the exchange forced management to put out a release saying basically the companies' shares are worth zero it took some time but eventually the stock got crushed, expect the same here. No one really knows the timing of bankruptcies, they can pull the plug at any time depending on court schedules etc....
I think GLSO goes much higher ... They just launched the app for iPhone, exposure of ad campaign by Saatchi, WSJ article , people are now tweeting about using the app, next comes the Android version next month.. Could go $4 - $5 based on momentum, exposure and ultimately could go higher if they are able to convert people to the paid model.... There are many people who could use this product. Consider the number of iPhone and Android user maybe a billion and convert a small number 1 -2% and you have enormous earnings potential. No one knows yet but if 2 days into the launch is any indication this is a big winner..
ok thanks....
Sorry what is EW? Why do you anticipate a pm gap?
Thanks
Looks like I was right with my call for $3.00 mid September....
You Are correct there are many examples of history such as Facebook . Facebook had an IPO around the $45 Mark and is only recently this past week where it has Approached that level. Now everyone that bought Facebook on the initial IPO is just happy to get back to even however there are many investors who bought Facebook at half that price under $20 and they have seen their shares double. My point is if you listen to people like AF Adam Fuerstein or this Miami character here they'll always point you to the past but is that really relevant? What really matters, always of course is where is the company today and where can it go? From that perspective Inovio is poised for tremendous growth of this there's no doubt. Always do your own DD never listen To anyone on a message board.
I agree , there is hardly any chatter on the boards by retail , yet look at the hard run the last 2 days. I think the M/A talk is heating up. A poster on YMB had this interesting observation:
I am with you guys... bought in the other day, after doing some research not selling, high probability of a takeout
You have no clue.. And what is this we business, we don't do anything the market does. It is not going to $1.50 even though if you wanted to buy there you should have bought today. It will be over $2.00 tomorrow , not saying it will close there but $2.00 will be broken.
Seriously you think it will take till mid September to break $2.00 when it was within .10 of that today. This stock is incredibly manipulated and there are too many novice traders who put really tight stops and the mm's take them out where they bought and then ride it up.
By mid September this stock will be well beyond $3.00, they have 4 conferences with Institutional investors in September and I am pretty certain their interest will be in the market buying .. Keep this post and get back to me mid September let's see who is right .. Deal?
It will exceed $2 at some point tomorrow my friend... watch, as far as your Fib retracement comment, it has exceeded every Fib number target on the downside, as it touched $1.22 from $3.00 the retracement is over, now upward targets are being established.
Conclusion by Novartis:
Actually I calculated incorrectly I posted the correction here: $225 million roughly @ 7% we can only hope we get this figure. It would be over a Billion dollars for the life of the patents . It makes more sense to discount that amount and make a deal with Vringo. Will Google do that? This is THE question.
Actually your original number is right . MY figure is wrong
I used the actual days 51 and it comes out to roughly $153 millon / year constant so that would be over $306 Million per annum... not bad..
Google revenue figure is $2,137,725,632.26?
Thanks very much JJ for the timeliness of the Pacer docs you put out. I believe most people are very grateful we have you as a resource here.
Cheers
The judge can impose any royalty he wants. He is not restricted to Vringo's 7% number
For a willful infringer like Google in the circumstance I outlined he may go over the top.
Yes he does want them to settle but I disagree he will take much time at all if the parties don't arrive at one. He knows all the facts, only remaining variable is the alleged workaround, and is really trying to avoid ruling. Unfortunately Google is not playing ball and he may be forced to throw down the hammer....,
I thought he did just that last week...here is the schedule:
Yes I know we are in agreement here about all that is going on....
This is my point he is limited to his area of expertise therefore cannot be really challeged on this point. Yes the code has been changed since he was involved in it. That is not the issue here. What is more important is the fact that the patents need to be understood from a higher level. This is why Google is trying to "dumb" it down to code which will waste a lot of time and energy and then it has to be analyzed from a patent perspective. So in months they can determine the code was changed and then in December they show all this to the judge and he says he is not qualified and needs independent analysis which wastes more time. This is Google's strategy .. delay, delay and delay, spend whatever it takes. In the end if the judge determines that they are still infringing and slaps them with a punative royalty > 7% they simply write a cheque, make a deal and move on. They do this because they can not because they are necessarily convinced they are right. It's just Larry Page's way as Ellison said last week when he described how they don't think they are infringing on java when they write the Android code. He says that is evil.
Don't you see the problem with that assertion. Furrow is not a patent expert he is a code expert. The change needs to be reviewed from a patent perspective not code, especially as we know Lang's patent is more than code. Can we at least agree on this point?
I never said anything about the patent IPITY did..
Postyle covered the patent question in this post... not going to argue as he has more knowledge in that area... the lack of an 8k is a smoking gun for sure...
Recently the more important question is this. You are stating that Google swore in court that the workaround was implemented on May 11, 2013. This is correct , however a material change which this is needs to be documented in an SEC filing. They don't have to disclose how it works for competitive reasons but tell me where the filing is to acknowledge what they said in court. Show me the filing.
Yes they implemented something no doubt but , this something has not been independently verified as non infringing has it? As I said if it is found to still be infringing due to the nature of the patent itself what are the ramifications for Google? I don't see anything really, Furrow believes it and so does Google. If they were really convinced they would have unilaterally initiated independent analysis and confirmation rather than offer Vringo to do so. It does not pass the smell test for me. Given how Google operates they are willing to do anything to continue this fight. Look at the ridiculous spat with Microsoft over youtube.
This gives you an idea of what Google is all about.
Not really. All they said was the swear they "believe" their new system does not infringe. This is not the same as guaranteeing it does not since there is no independent verification and they are not really publicly disclosing how this new system works are they? Also, I have stated this before. If they really had a new system they would have been working on it for a long time and the most opportune moment to disclose it would have been at trial. It would have been game.set match.. no money case closed. You don't find it curious that they say to the court, considering all their stalling tactics that they now "think" they have something? Read their words carefully, they were selected to avoid legal problems. Finally, both Larry Ellison and the late Steve Jobs state that Google steals code as a matter of business. Perhaps the judge will use this disclosure for a larger than expected royalty against them. Google's best option now is to settle before the Judge really brings down the hammer. Will they? Probably NOT
I disagree, the workaround is a ruse. They can always say well we thought it was valid without getting into trouble legally. It is after all their opinion they have not independently verified it. Lang's patent is not really about code it is a procedure. If they really had a workaround don't you think they would have brought it at court and delivered the knock out there? This would have all been moot if they really had one. The case wold have been over!
When they offered to show it to Vringo if you recall their "code guy" was not available for months and then they set up this long schedule. The main purpose is the same strategy as they have from the beginning, delay , delay and delay.
Feisty if Google was that rational and smart they would have purchased Vringo for half that or $5 in October of last year. I said this from the beginning, the arrogance of this company is going to really hurt them someday. They are fighting with Oracle, Apple and even the late Steve Jobs considered them thieves.
Hard to say. The history here is down it goes, however each news item I think adds more comfort for large investors. I think retail will continue to act like pavlov's dog and sell every rally and the big players will just keep accumulating until the final piece is announced.
HJJ gave Verizon an opportunity to settle but they chose Google's path. That's when he ruled against them with the big per subscriber royalty. This is his pattern. Settle this yourselves or I will and you won't like it. Is Google listening?
They spent $12 billion on those patents but won't admit that Lang's patent has made them multiples of that. Microsoft reviewed the data and settled within 2 months without being served. These arrogant sob's continue to deny the sky is blue. It will work in the end for Vringo and the shareholders. I looked at how HJJ ruled on Active Video v Verizon. He will be punitive against Google if they force him to rule no doubt.
Thanks for this video. I was not aware of this dispute but the "style" of Google is obviously entrenched. According to Ellison it is Larry Page who runs Google and makes these "evil" choices". Even the late Steve Jobs despised the Google way.
"When you write a program for the Android phone, you use the Oracle Java tools for everything," the 68-year-old said. "And then at the very end, you press a button and say, 'Convert this to Android format.' We don't compete with Google. We don't do anything Google does. We just think they took our stuff, and that was wrong."
Late Apple co-founder Steve Jobs had similar feelings on Android, declaring it a "stolen product" in interviews with biographer Walter Isaacson. Jobs and Ellison were close, and in his interview with Rose, Ellison referred to Jobs as his "best friend for 25 years."
Yes thanks IPTF..
I did read your posts and they are very informative and I believe accurately portray Google's situation. You know from a business perspective if they had done a proper analysis on the patents they could have settled this for maybe $300 million before the trial started. Now it will cost them probably 3 X that number maybe even over $1 billion, plus add in all the money they are spending on legal fees. I know it is not material to them but this is a tactical error simply based on arrogance and not sound business.
I am saying the market maker sold shares to make sure it didn't go over. Not necessarily shorted. They have shares and they can short. Look at the chart and you will see $3.50 was a brick wall no reason really other than those 10,000+ options expiring. This happens with any stock with a large cluster at a specific price BTW not exclusive to VRNG.
Actually it is so plainly obvious that $3.50 was the line in the sand today. Take a look at a 10 minute chart today of Vringo. There was the initial spike followed by a whipsaw spike up/down with a close of $3.60 at 10:40. That was the last time on a ten minute interval it closed above $3.50 . It made several attempts but was repelled. Only a novice thinks this is coincidental with the large $3.50 options about to expire.
Read this thread lots of ideas here. There can be news on many fronts. The point is that today's news was unexpected. If you follow the news flow since USTPO you will note that each piece of news puts Google at a disadvantage. They have practically no appeal points, have a jury ruling against them , have a judge who is ready to throw the book at them with a large royalty percentage maybe even more than 7%. Google can continue to waste their money on high priced lawyers (yes I know they don't care) or they can finally come to their senses and admit they are wrong here, come to the settlement table in good faith and finish this. All their tactics made sense now they are useless. They will pay Vringo a large sum plus interest. The game is over ...
Stock close during regular hours has every thing to do with this ..
10762 call options expiring 8/16 @ $3.50 .. no way mm's would have let this go above $3.50.. look after hours now $3.42 and will probably close close to $3.50 .... if news Monday will go much higher...
Adam F has a site dedicated to exposing his slimy writing here:
http://www.exposeadam.com/
This website is devoted to providing a forum to rebut and correct the numerous one sided articles written by Adam Feuerstein on behalf of the Street.com. Adam Feuerstein has been writing for the Street.com since 2001 and is marketed as their Senior Columnist although he has never attended journalism school nor does he have any formal education in Journalism. In fact, he has NO formal science background either (he was a political science major at Emory University) and thus his credibility and objectivity as a biotech journalist must be questioned. He has been sued by biotech companies for his one sided attacks . Additionally, his inaccurate reporting has even led to patient safety issues as outlined in this article about Oculus Innovative Sciences. There have been numerous articles written about his one sided tactics and his questionable timing and release of misleading headlines that can be found here. Under the guise of being a biotech journalist, Adam frequently writes misleading headlines and articles that are widely disseminated via the Street.com's media network. Our Website is devoted to biotech investors to voice their rebuttals and critiques of Adam 's one sided articles. So you are free to use any information on this site for personal or commercial purposes, modify it or redistribute as long as you keep a link back to ExposeAdam .com with the content. We are always looking for tips about Adam 's Past, his relationships with anyone on wall Street and any possible unethical or illegal activities he may be involved in. Got Something to expose about Adam ? Submit your tip here. Don't Forget to leave comments for us on the bottom of the page. We look forward to your contributions to our site.
Look back soon for our own version of Expose Adam 's Biotech Weekly which will tell the other side of the story to Adam 's Weekly column and rebut the erroneous one sided sell side slant he uses to hurt the retail investors. Additionally, we will be opening a message board soon to openly discuss biotech stocks and any and everything Adam Feuerstein.
More DD on Adam F.
In May 2011 He bashed SPPI with his 3rd hatchet job in 45 days..
SPPI was around $4 at the time.. within one year it was over $16.94 check the charts....
Within hours of releasing these fabulous quarterly numbers, Adam Feuerstein fired off another one sided attack piece on SPPI: Spectrum Pharma: Zevalin Bubble Deflates. His third one sided hit job on the company in 45 days. The article, a completely slanted view of Spectrum Pharmaceuticals, focused entirely on the sales of ZEVALIN (one of two FDA approved drugs the company sells). The intentional one sided hack job completely ignored the phenomenal quarter the company just had selling Fusilev (which Adam had previously incorrectly stated was a result "one time surge" in sales), in addition to completely ignoring the company's late stage pipeline of blockbuster drug candidates (Eoquin and Belinostat). As you can see in the headlines below from two reputable media sources (AP & Reuters) Adam was clearly trying to mininize the company's recent success in his article and his headline was undoubtedly misleading.
OLD news but this is what you are dealing with here:
Adam Feuerstein Under Investigation....
Reposted from another board:
Adam Feuerstein is being investigated by the SEC - File HO1334423 18-Jun-09 08:25 pm
The SEC has responded today that they have opened an active investigation File HO1334423. Due to the timing and nature of his articles on HEB.
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