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.
Hold on if it breaks 2.50 unbelievable buying.
This thing has really surprised me. The ONLY reason it has been held down is the Axe! CINN/EDGX but it looks like just too much buying pressure IMO
75K@2.40
If it does, it isn't because a lack of buying. This thing is very very stong. I too will take a close above 2.36. Lets see what the last 30 minutes bring IMO
Battle at 2.39
Post
Only way to play these things is just find a good point to get in and go away. LOL
Fuyi,
Thanks my friend. Great thread. Looking at INO and RNN as we speak.
Fuyi,
Can you plot price trajectory for VRNG? Should be a gapper very early and hopefully a run. I will want to buy on retrace after I unload my shares on the way up. What do the charts say? Looking at my chart we should bust through 3.74 and perhaps 3.83 but if volume is as high as this thing has been hyped $4 is a possibility. I am not a day trader as you know so I am trying to figure out a way to re-enter once I execute sell. Not sure if you rely on fibs or something else.
Thanks Brother
I didn't know this....
Investigations & Enforcement
"When supply chain losses cannot be address by technology alone, human intervention may be necessary. DSS’s investigators can be called upon to provide that intervention to determine the source of losses and to facilitate corrective action. We utilizes a cadre of experienced investigators with years of experience gained as special agents with the FBI, law enforcement, and as private investigators to conduct investigations and provide enforcement actions to address supply chain fraud, product diversion, product counterfeiting, theft, grey market, and due diligence. Our investigators are backed up by a network of investigators of similar experience through out the United States and in many foreign countries."
Noler's Sunday Rant!!!
I am finally getting my wits about me since my recent illness I have went back to what I do best and tried to figure out what I feel the real value of DSS is. I decided to go back to 1st quarter financials to see if there was anything that stood out. To be honest, these old DSS guys were just plain horrible in regards to managing a company. Going all the way back to 2008 they have been a non-profitable enterprise. My guess is that when they went after the ECB and others, this was like an IP play of today. (Pure speculation!). Then following it up with the coupons.com litigation this thing was just plain horribly over valued IMO. But I digress.
If you just on the surface take the PPS on 5/16/2013 (Day after the earnings were released) the stock price was 2.79. Doing nothing else I would then say we doubled the float and the value is 1.395. However, there are several factors to take into consideration; 1. Post merger the company had an additional 6.25M cash infusion. 2. The legal fees that amounted to 415K are now going to be gone. 3. That stock based compensation cost of post merger warrants $340K will also be gone. That would have been a loss of only $382K for the quarter if nothing else changes. I am hoping to see 2Q loss of under $1M when they release earnings. Every matrix I would use to value the company is a negative number. (ROE/ROA/ROI)
However there is a silver lining IMO.
1. Beginning in the 3Q we have 3 settlements that will add to the bottom line.
2. I believe there will be additional sales of the Authentiguard line.
3. Probably 1-2 acquisitions of IP.
4. Before the end of this year I believe at a minimum the packaging division will be sold. I also think printing is a tough business and that one is borderline.
5. The company is going to morph from a commodity based company to a tech/IP type company.
There has not been one iota of negative data from the company. I have to believe if there was they would have pushed that out on day one. There has been selling and lots of it. Every time I think I know where the bottom is it goes further down. There has been buying do not think there hasn't. Only the MMs see the real story on their screens and I think it will be blatantly obvious when the selling is complete.
Looks like Salesforce is going to be busy since 3 separate IP suits hit them this year. (Advanced Dynamic, Virtual Agility, Bascom). They really haven't had a whole lot of litigation against them so it should be interesting to see how it plays out.
Around mid August most institutions have to report their holdings. Whether you want to check DSS or another stock just go to this site and see who is playing in the stock. I usually only go their about reporting time to look for changes.
https://whalewisdom.com/stock/dss
I may not be posting as much since I do not see much need to dribble on unless I can add value to the conversation. (Plus I am in the middle of several very fast movers!) I believe in DSS and will pile in at first solid uptick. GLTA
Null
No worries-there are enough good guys over here, I just figured I was surfing a bit and would help out.
I just thought you wanted link. No worries. Back to my lurking lair. LOL
Null,
I am a lurker and have a small position. I do have pacer and here is summary page link:
08/02/2013 48 REPLY of Appellants AOL Inc., Gannett Company, Inc., Google Inc., IAC Search & Media, Inc. and Target Corporation to response filed by Cross-Appellant in 13-1307 , Doc. No [47]. Service: 08/02/2013 by email. [95936]
https://ecf.cafc.uscourts.gov/cmecf/servlet/TransportRoom?servlet=CaseSummary.jsp?caseNum=13-1307&dktType=dktPublic&incOrigDkt=Y&incDktEntries=Y
Hope that helps.
Buyers...
Remember we covered almost 1M shorts (Decrease from 7/1-7/15) plus an unknown number of naked shorts (NASDAQ SHO list). Although it helped kill PPS, I am glad it happened and we are very healthy in that regard.
Trader
Although you and I have beat are heads in trying to figure out levels I feel pretty certain if we hold 1.50 and really need that 1.54 or higher close we will be good. If we break that 1.46 level then 1.30's is the next stop. You see that close to what we should have for FA/TA? TIA
Shares Traded:
Just to give everyone an overview of volume:
May: 6,644,900
June: 4,700,600 (2,856,500 between 6/20-6/30; 7 trading days)
July: 16,621,900
Since Merger announcement on 6/20, 19,478,400 shares have traded.
Prior to May the average monthly volume was 1.9M shares. For no scientific reason I will say that average volume should be about 5M post merger. That would put us at around 400K a day. Please add numbers to your own DD but I have a hard time figuring there is too much more selling left. I think this is now a case of too few new buyers to the stock and MMs have to make money. This is my pie in the sky view I guess. GL
Hudson has to rport quarterly here in the next two weeks. That will tell everyone all they need to know IMO.
PI
These shares converted into DSS common after merge and I am fairly certain those shares combined with separate .02 warrants translated into the 5.7M shares that had to be sold in order to get under the 5% reporting rule. They had 10 days to sell them (by 7/10) in order to avoid reporting. The prices started dropping on 6/20 when it was 2.72 and by 7/10 it had gone down to 1.67 with huge volume. My guess and it is just that, is they made more than their money back between those .02 warrants and LTG converted shares. They still have DSS shares per their Form 13 and also their portion of the 7.1M claw. I just think HB is done and that perhaps legacy shares and some other sellers may have some left. Once again, this is just an estimate based on my review of the shares at merger.
I have seen many many earnings announcements over the years but this is a very rare statement for an earnings release:
"In addition to reporting the Second Quarter Financial results of the legacy DSS business, management will discuss recent business events and the post-merger Company, including its operational structure and upcoming business milestones."
Legacy Business=Old earnings
Recent Business Events=New Equipment Purchase, Novell Settlement
Post Merger Company:
Operational Structure= Legacy Business vs Tech/IP business
Business Milestones= Measurable business goals that future investors and institutions can derive success or failure of management from.
In my opinion this is a real opportunity for the company to set an azimuth and clearly articulate for potential analyst coverage. I found it interesting that there were several analysts from smaller firms on the last call. I am sure they are going to be looking for direction also and that means more than IP litigation strategy. Once again the company and their reps have been pretty straight forward that the 2nd quarter will be flat since it was final stage of merger and all associated costs. GLTA
PI,
Where did the entry level of $1.50 come from? I probably missed it but the only thing I am aware of was the stock they purchased from LTG basically changed over to DSS for a huge gain. The $1.5M financing back in 2/2012 was for what amounted to $2/share of which they could have sold already and the last Form 13 by Hudson for the quarter has them owning 508,970 shares of common stock. I am just trying to equate that dollar amount to my total numbers so I can make sure i have an accurate picture. TIA
BT
Thanks as always. Not sure we go that low. (I would have thought this level wasn't obtainable either-LOL) Every time we have hit this level there doesn't seem to be any volume/desire below this. I also think HB has had plenty of time to sell off those shares. MMs can always take it where they want and absent any news this is one of those I just tuck away until 3Q or Markman. I just think based on last years numbers we are basically at bottom. The rest has nothing to do with fundamentals. I am hoping they outline an operational plan in CC with goals that can be measured and obtained. I will let litigation piece fall where it may if I have some revenue/business to evaluate.
Trader,
Since you are our resident prognosticator on all things L2 related. Was it me or was today an accumulation day? I saw two 20K trades, one 10K trade and a whole bunch of what looked like big trades broken up. Thoughts?
Cooler-Great Job! I thought for sure I was going to have to dig those numbers, but as usual your capable leadership here is unmatched. Thanks as always. (How is that for a public service announcement?)
Trading....
I am not advocating any specific trading style as I am a swing trader since that is what I am comfortable with. If I was a retail investor I would look at DSS as a "trading" stock at these levels. I am not going to out guess the day traders as they are good at what they do and I personally don't operate in that first hour madness well. Lets just say you purchased 500 shares at 1.50/share. That would cost you $750.00. Now lets assume that the company is valued at 1.75/share. (Too low IMO). You could sell the stock every time it hits 1.70 and make $100.00. Now if you have higher highs and lows its all relative. I am willing to bet in the next 8 weeks you could probably turn this 4 times for more than 50% profit. That is without trying to time it or get greedy. Just set yourself a minimum of .20 on a base of 500 shares and let it ride. Sure you can't retire but I don't think the stock can go much lower. Now this is for the retail guy who doesn't have a lot of cash and you can also learn a lot about trading strategy utilizing this. I am sure Boston, our resident day trading expert has plenty more to add but I can assure you I will trade at these levels. I normally have 3-5 stocks trading in this manner at any given time.
Getting There. Thanks
Trader....
I am not sure we are going to get a response in any regard to the Novell settlement. The NDA can be the company answer and there isn't a lot that can be done. First I am reasonably certain that a settlement did occur. If it did not I would just expect the case to be dragged all the way to the Markman as there would be no harm in letting it proceed at that level if the parties didn't want to settle. The question then becomes "investor expectation" vs "company expectations". If the street is willing to take 1% from FB but not less than 5% from Novell then what is the value of actually putting anything out? We (investment community), try to equate things to bottom line numbers and I am not sure there will ever be a 100% consensus on any given settlement. I cannot get the thought out of my head that this was a legal necessity. Just for appearances, a settlement with a larger CRM company like Novell is very important. Salesforce is in the same league and I just can't help but think this has something to do with that. Since it was dismissed with prejuduice that means that they can go back later and take another bite of the apple. There are many more here that can discuss that. They got something and I am pretty confident we will be able to find it somehow in 3Q numbers as long as we can break apart BVSN and JIVE Qs. I still believe that current PPS is mainly due to Dilution+Institution sales post merger. I cannot get to crazy with management as they have only been in place for 27 days. I think I am just hoping that Markman stays on schedule and we get an acquisition on board. Not really sure what other catalysts in the short term. I just have a feeling that there is more than meets the eye regarding not putting an 8K out regarding settlement.
G2G
First day of watching for about a week. Looks like there is support at that 1.55 area.
MIA
I have been out of the net for a bit as to take care of some health related issues. Just a couple things of note as to what I currently see as to DSS. To anyone new-I only post "my" opinions and take them for what they are worth. LOL
DSS 2Q is a non event. I have a feeling this is probably going to be a pain for new management to have to get through as the earnings call is going to be covering financials that have nothing to do with the new management and new direction of the company and they are going to have to navigate that mine field. I don't expect anything new regarding previous quarter.
The new management has only been in the seat 26 days and they are going to have to figure out what to do with those legacy pieces IMO. I have said from the beginning that I believe they need to shed at least two of the four pieces. However, to get any value in return, they are going to have to make them profitable or at least break even. Anything less would probably be a loss and they do not want that from a financial stand point.
Future: The company is not going to be classified as an NPE. With that in mind they currently have two options.
1. Authentiguard
2. Legacy Businesses
It is critical to get these profitable and operating.
IP-I have always believed that based on who the CEO/COO are and IPNAV involvement that this company will at some point rely on this sector for a preponderance of its business. The old DSS had no clue how to do this and lost a lot of money going after "governments" to try and recover money. The only way to do this is purchasing "OPERATIONAL" IP. Stock price is too low so they are going to have to consider other options. The new management team has relied on their prior experience so need to see them over time execute.
PPS: This is not where anyone wants it. But lets look at what the price was at this time last year-$4.00. We just completed the merger and basically doubled the float which puts us at $2.00 with no other major event for increase in revenue. We cannot rationalize based on TA or institutional selling alone. Fact is, we are basically a bit lower than where it should be as there has been no drastic increase in money except cash in merger. We will probably get up above that at some point in the near future. (Near is relative) The only thing I am relatively comfortable with is the fact that this thing has to break $5 share by 3/30/2014. If we are not there then Katie bar the doors IMO.
I am not real sure what else would come out in the next 30-60 days that will increase value exponentially except Markman related event. I am hoping no delay and that the judge hammers them on this claims construction in the next month.
As always just my thoughts and think this will become more a TA type trader as it was before merger until bigger events start getting completed.
Well I see we got a 1.35M dollar loan for packaging equipment.
http://www.sec.gov/Archives/edgar/data/771999/000114420413041110/v350801_8k.htm
Hope there is something else on the horizon. LOL
CHM...
The other thing is that it didn't take in consideration the new float which means the short is actually only about 4.5% and can cover in two days. That is exceptional by any measure. It looks like share dump is over, short is covered, cleared the threshold list and Novell case is done. At this point it is all up to company to create share value. The company is going to have to create a strategy that keeps the operational part at the forefront IMO. If the worst thing I have to look at in the next 3 months are flat financials for second quarter then I am good with it. I am sure the litigation side will have its ups and downs but the business side should provide some cover for those fluctuations.
2nd Settlement
Although it is my opinion I think the JIVE announcement was very much timed around flat quarterly earnings and trying to ensure price would hold before merger vote. LTG was never required to put out any announcement since they were private. Generally I have learned no matter what I may think, the company has very well paid lawyers to ensure compliance is complete and that their agenda is on track. I am confident everything will be out there soon. They have a story to create for the street that must be compelling and detailed. JMHO
Noler,
Some things aren't even worth the time. LOL
CHM
I am familiar with DJ and they are just a very small group. I do agree that many time they do precede some type of financing. Since the news has been rather slow I thought I would just like to add the following comment.
DSS has a law firm on contingency, operations to run, due diligence to conduct. I am not 100% sure they would not conduct a round of "private" financing if there was something that they would want to acquire. They still need to pay 1.75M for VA stake also. I have listened to Jeff Ronaldi on 5 separate occasions and he has stated on every one that they are "willing" to garner such financing without diluting the stock if necessary. He has made this comment without being asked. As most of the posters here know, deals can be structured in a way that turns from a "cash" loan to shares at anytime down the road when the price is right. This is a good thing for companies as they grow. He has also stated in the past two meetings that they have identified 3-5 potential acquisitions. They do not need the money to run the company, but I would not sell short the possibility of a looming acquisition.
We will not know until 3Q the numbers that we can look at and try and figure out what all these settlements are. They may have enough cash on hand from penalties to finance what they want. I am keeping an open mind on all the possibilities as the company moves forward under new officers.
BTP...
I have no advice to offer regarding anyone's investment. My suggestion is if you want to learn about DSS start at the link above by coolerheadsprevail. GL
Trader...
I have lived on the FA side forever. I too am a numbers hawk. I like you am in a new sand box on the legal side and Noler isn't lying-I am barely in the Motel 8 at this point!
Rant...
As I have done every Sunday for as long as I can remember, I evaluate my portfolio and see what I have done well, where I have come up short and what I can do better to improve my returns. I have never posted on a message board and never even thought about investing in an IP type stock until DSS. What has been of particular interest to me has been the true lack of understanding of the machinations of most stocks and the due diligence required to make an informed decision. There are many here that do not post but have asked for various information from me that I generally will research and then post on the board. I am fortunate enough to be retired and have the time doing something I enjoy. I try not to rehash endlessly subjects that have been covered over the several months, and much longer quite honestly. I would just like to re-iterate what I think is important here.
What has been interesting to me is that DSS the company is in a very strange place regarding the investment community. I am sure that it is thrown into the “IP” type sector because they do pursue litigation and licensing. Not comparing companies in any way but so does QCOM, AAPL, GOOG, MSFT and others. I watch with interest through other IP plays that are currently in litigation and hanging on to every possible breeze that may blow with a potential “game changing” decision in the court. I am sure for those familiar with many of the briefings and announcements by DSS they do not want to be a company that hinges on one legal case to decide whether they are a viable company or not. If anyone is concerned, I assure you over the past few months the company has been very accessible and willing to discuss any topic as long as it wasn't involving a legal process. As a matter of fact you might be surprised with whom you may find yourself on the phone with. If you are new to investing, persistence, diligence and integrity are what you should build your foundation on. I would suggest if you are new to DSS that you research more than litigation related info, for example:
http://finance.yahoo.com/news/document-security-systems-readies-beta-120000291.html
They have been working with two Fortune 500 Pharmaceutical companies and their software is proprietary.
In regards to Bascom research, here is one link to remind you what the new DSS owns. Coincidentally it seems to fit right in with the DSS authentiguard product line IMO.
http://www.virtual-strategy.com/2012/09/20/lexington-technology-group-announces-closing-11-million-financing-and-sponsored-research-
Although we currently own only 7% stake in Virtual Agility, it was stated prior by company that they have the opportunity for future
investment (ownership piece) of Virtual Agility.
http://virtualagility.com/6701.html
My guess is that as litigations become more costly they will probably need help financially.
So it would seem on this Sunday night while I am looking at my DSS investment that “I” have made is a good investment. Now the purists in the IP sector may not consider this as important as I do. I am not unlike them and will trade this stock as many times as I can to make a profit and stockpile free shares. However, I do rest easy at night knowing my investment is in a real company, with real revenue and real possibilities. The company IMO will release some small blurb regarding the Novell settlement and some will argue perhaps the RR% was too small and others will say it foretells the FB percentage. For me it just adds value to the licensing/digital section of the financial filings. Good luck to all.
The surfer is a wise man. :)
Noler,
Thus as you will see in the "rant" tonight, the least of my priorities is the "litigation" piece. I know this is blasphemous for most but I would personally never invest in a single binary event unless I was in Vegas picking red or black. As I have learned in this sector (IP) that it is a PPS moving event (albeit temporary) but I have to now look at this investment as a revenue producing company and base my strategy on that. Cooler, your sage post as always is greatly appreciated.
Cooler,
Now I may be wrong but the docs merely state the NDA agreement "dated" 7/15. The actual day the docs were "officially" filed was 7/19. If I am correct and the 4 day 8k rule applies (4 business days from event) that would mean technically the filing does not need to occur until COB Thursday. As usual I leave in your capable hands.