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Does anyone have useful information concerning when Judge Kaplan will rule?
Please read previous message. WOC or GVA could still happen in October, if true
SCOTUS party not over yet From Yahoo Finance
Best VIew To Follow SCOTUS Decision For Vringo/Google
If you are following SCOTUS decision for I/P Engine v. AOL Inc. (Vringo v. Google) closely, the best seat in the house maybe going on-line to Supreme Court of the United States - Official Site. Once entered, go to Case Documents and then Docket Search. Then enter 14-1358 and it will bring you to I/P v. AOL Inc. et al. Next enter the 14-1358 and you will enter the calendar of events for Vringo/Google. I think that this is as up to date as you can get. Also, you can go into Teva/Sandoz by entering 13-854. If you do this, you will see that it took Teva three tries"(Distributed for Conference before they received "Granted." Once you received this "Granted", you still have a long way to go with appeals and various "Amicus Curiae", but it is down hill at this point. So don't give up if you don't see a positive SCOTUS response for September 28, 2015, there are three conference dates in October. If you see a "granted" as in Teva/Sandoz, you can expect to see some appreciation in the price of Vringo, I believe.
Long Term Many years ago the market volumes were much smaller and the SEC did manipulation cases.The current volumes are too large for the SEC to do manipulation any more. If there were some smoking gun like a communication that would identify key players and volumes it might be possible but in the absence of that forget manipulation by the SEC because to prove manipulation every trade must be tracked and there are too many hedge funds, dark pools, and ordinary trading volumes for the SEC staff to do that.
So the result is we now see only big insider trading cases by the SEC because they are proven by communications and communications can be recovered or just from the inside position of some top corporate exec of that person's coconspirator..
Probably most users of the board know this but those who don't should know that ZTE is the Us's 4th largest cell phone vendor. There's a pot of gold there folks.
thank you nfp. Very informative post.
thanks Red. I hope you're right
I'm long VRNG but I think the board now may be overly optimistic. Please correct me if my belief that ZTE has very little in the way of US assets subject to a judgment in anyone's favor and if Vringo wins, if the above is true, it would have to have collect on its judgement in other countries which may or may not honor the judgment and China certainly won't.
Snooze - pardon my ignorance. What business does ZTE do in the U.S.?
In the absence of a smoking gun (document or communication) manipulation will be very tough to prove here. You can bet that a lot of the trades by or on behalf of of Goog and ZTE will be done through untrackable accounts. Proving a manipulation involves identifying the trades by the alleged manipulators. I haven't seen a big SEC manipulation in years but I don't follow that very closely.
Thanks Red. I helped with a manipulation case of an exchange traded stock in the 60s when a 10 million share (as I now recall but may be wrong on this) total trading volume in all stocks was a normal day. To make the case every trade in the stock had to be known and analyzed. Manipulation cases are inherently tough because every trade in itself is legal. You have to find intent to affect the price and the capacity to cause the market to move in the stock being manipulated.
You nailed it. The market has gotten too big (too much volume)for the SEC to possibly do manipulation in any actively traded stock. And as you state there are too many trading entities that the SEC can't or won't get into, ie, hedge funds, Shady banks offering masked trading capacity, foreign banks and foreign investors, etc. Only recently there have been some noises from the SEC that it would start to get enough info about the markets to do get a handle on manipulation.
The SEC gets some brownie points by doing insider trader cases because that leaves tracks (communications) that can be traced.
I am struck by very visible, obvious, manipulation that occurs on option expiration days where the stocks invariably close at the price at which there are the most outstanding options, thus affording market makers in these options the most profit.
If Vring doesn't settle with ZTE by 6/21 it will lose $5 times the number of outstanding warrants of the class that expires that day. IMO it would be reluctant to take this loos if they had enough leverage over ZTE to have a >$5.00 settlement. Any informed views on the likelihood of such a settlement occurring by 6/21?
Any thoughts on the recent suit against HZNP alleging that its' principle money making drug was erroneously approved because it was obvious in that it merely combined an antacid with a pain killer? The suit states both were available without a prescription and that anyone could simply take both drugs at once with the result that folks would feel just as well as if they had taken the HZNP drug.
If the suit succeeds it would be diastrous for HZNP.
Delusional shorts think they know more than the 87 institutions that hold 27% of Vringo's stoc. TThe shorts will be wiped out soon when the Supreme, following precedent, reverse the screwy decision. Seriously who would you rather believe, hysterical posters who dominate message boards by the frequency of their posts or institutions who hire knowledgeable experts.
IMO the warrants are extremely attractive. They expire in October of 2018 and have a $5.00 exercise price. Today they ciosed at $2,05 and BTX closed at $5.37 Accordingly currently the warrants' intrinsic value is $0.37. Warrants purchased today become profitable any time between now and October 2018 that BTX' price exceeds $6.68. That figure is derived by adding the warrant price to the exercise price ($7.05) and deducting from that the warrants current intrinsic value ($0,37). BTX currently has many irons in the fire and IMO that in the absence of a a cataclysmic stock market event between now and expiration the warrants will be very profitable. Please let us know if something is wrong with this reasoning and of course, do your own DD,
Much more to the story. See full story by clicking on News, above
Biotime Warrants
IMO Biotime Warrants are a good bet. The company has good prospects. The warrants expire in October of 2018 with an exercise price of $5.00. Recently Biotime was priced at $4.32 and the warrants at $1.39. The warrants are a three and a half year call, currently $2.07 out of the money, and if bought at today's price would be in the money anytime between now and October 2018 if Biotime surpasses $6.39 in price. Please let me know if I have the facts right and your thoughts on this. Thanks in advance
Any ideas on why the strong action today?
I'm new to BTX. Please give views on the warrants that expire October 2018 with exercise price o $5.00. IMO with BTX at $4.00 plus they are a good bet.
The Street Insider article that was the subject of my initial query is not a 2012 article. Here is a quote from Google News intro to it:
Vringo (VRNG) Updates on Recent RSU Conversions, Sales
StreetInsider.com (subscription) - ?3 hours ago?
In July 2012 and February 2013, Vringo (Nasdaq: VRNG) granted restricted stock units to certain of Vringo's officers and directors pursuant to Vringo's 2012 Equity Incentive Plan. Portions of these restricted stock units vest on a quarterly basis ...
Is there any more to the article?
Today's Street Insider article about Vringo - If anyone has read it please tell us about it. I was unable to get it.
The news was released by ZTE. It's on the following web site and two more that are by subscription including Street Insider.
http://www.marketwatch.com/story/china-patent-agency-grants-ztes-application-to-invalidate-vringo-patent-2014-09-30
Today there are articles stating a Chinese court has ruled that a Vringo patent claim against ZTE fails because the patent is defective. Can anyone shed more light on this? It seems a bit strange because ZTE has been admitting that they are in violation.
If anyone can give an informed view of what a reasonable settlement with ZTE of all litigation would amount to please let us know.
Secure it, there is some hope for your calls because as was stated before on this board VRNG has a $7,000,000 incentive to have it's stock price above $5.06 on June 21, 2015 because of the expiration of the June 2015 warrants. It's very possible that GOOG won't be resolved by then or be finally resolved against VRNG but VRING could arrange settlements of its other cases to achieve the desired price by lowering its demand. This of course is IMO only. I don't profess to know the realistic settlement price of VRING's non GOOG cases.
Vringo has a $7,000,000 incentive to have it's stock above $5.00 per share in June of 2015 when it's 5,400,000 warrants ex[ore with a $5.00 exercise price.(figures rounded) With about 90,000,000 shares outstanding, They could get the stock to the exercise price by settling all litigation for a total of about $450,000,000.
What does the board think of the possibility of this happening.
IMO,pretty good chance because even with nothing from the Google suit (which could still be alive), it could settle ZTE and the other suits cfor a total of $450,00,000.
Other opinions please?
Stop Thanks. I have a load of warrants that expire in June 2015. Opinion should be out by then. A patent lawyer friend andI have a bet on whether Vring will get the en banc hearing. I can't imagine that crumby decision standing but he claimesthe rules regarding granting en banc are pretty rigid and this onis case doesn't fall within them because it is not precedential.
Question about en banc
Is the procedure a review of the record below (circuit level) or a whole new trial. I vaguely remember from law school that it is a review of the record. If that is correct it shouldn't take too long for the Vringo warrant holders.
Would some kindly trial lawyer (an oxymoron??) please clarify?
TIS
Any source for the extension request post??
You got that right Charly. Big price rises with very heavy volume always amounts to massive dumping. LOL
IMO there's more here than meets the eye. I can't believe the Patent office doesn't know what obvious means. Also wasn't the obvious issue litigated before Judge Jackson? The CAFC does have the last word but its second guessing here seems capricious and it seems like very poor public policy in that patents cannot be relied on .
For much insight on the case read the article in Ars technica entitled “After years of hype, patent troll Vringo demolished on appeal”. The comments are very informative about the reasoning of the judges..
IMO vringo is carrying out the purposes of the patent law but from the comments that appear sto be a minority view. Also IMO what seems obvious now certainly did not seem obvious in 1998 when the patent office did not think the patents were something obvious.
Does en banc require a precedential case? If not IMO there's some hope for VRNG but if precedential is the standard for en banc, is this one precedential?
IMO it's clearly wrong but that may not be enough to get en banc
Reversing Trial Court For error
Would some trial lawyer respond to this? I've been out of law school for over 50 years and had little trial experience. I recall however that appellate courts have to give juriy opinions great deference and where an agency has opined as the Patent office here has more than once, that the courts have to give that even greater weight. So now we have the CAFC knowing more about patent law than the patent office?? If the above is correct, IMO en banc is clearly warranted here and it will reverse the appellate court. Less
Sentiment: Hold
Please specify the mistakes. TIA
Vring will be over $5.06 by 6/21/15
Otherwise it will not get the $22,400,000 that it would get from exercise of the June 15 options. To not lose that it will bend in one of the cases if it hasto.
Is there a CAFC hearingscheduled for 6/12? If so, what For? Thanks in Advance
Thanks bh. A helpful reply
Thanks bh. A helpful reply
I agree your majesty. IMO VRNG price could explode upwards if GOG loses and does not have further delaying options. Some suggest that GOOG is powerful enough to buy off the CAFC but I very much doubt that. I think the CAFC tenure is for life and they are well paid and would be reluctant to place themselves in jeopardy via a corruption charge.