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Wednesday, February 17, 2016 1:38:46 PM
• Vringo had approximately $27 million in current cash and court deposits as of December 31, 2015. We expect to redeem the court deposits during the first quarter of 2016
• As of the end of 2015 we reduced our accounts payable and contingent liabilities by approximately 60%, resulting in a significantly improved balance sheet
• Our outstanding debt is currently $3.6 million which is expected to be fully paid off by no later than July 2016
• Based on our anticipated cash burn, we believe that our cash position will sufficiently fund over 4 years of operations, assuming zero increase in revenues from the recently acquired businesses and no further monetization of our patent portfolio
Link: http://finance.yahoo.com/news/vringo-provides-january-2016-corporate-133102979.html
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