Thursday, February 26, 2015 3:32:55 PM
I found this IRON GATE SECURITY (read message 57150) about the possibly (default) settlement. JJS has confirmed (thank you, JJS).
VERY IMPORTANT: We didn't heard any official PR about litigation IRON GATE SECURITY
... because "peanuts"? (google SA about BELKIN, ADT, you will find)
HOLD if you want. Vringo is overvalued. STRONG SELL. Don't buy until ER. MMs make $$$$$ on every news.
Don't forget about the facts:
1) CASH BURN $2,2M/ Month
2) COO Berger is gone (NO CASH)
3) Outstanding Cash~$10m-$15m
4) Nokia portfolio: $22m
5) Bad ER expected: ~$50m LOSS
Current realistic market cap= ~$37m ($15m+$22m) or PPS $0.37
BE CAREFUL
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