Wednesday, April 27, 2016 10:18:34 AM
Total Assets $14m, Total liabilities $5m, Net assets (assets minus debt)= $9m ,this alone makes it undervalued vs $6 market cap. ,Assets/Debt ratio=3,very solid.
Impairment of goodwill and patent portfolio $40m.
Settlement might have a huge affect the number of potential licensees to their portfolio,
especially after those developments: insider buying too and now Compliance with Nasdaq Listing Requirements. Singed an Executes Joint Venture Agreement a month ago,and executing on the new strategy announced in recent shareholder letter:
Spherix Releases Update Letter to Shareholders
Spherix to Diversify Revenue Opportunities
BETHESDA, Md., March 7, 2016 /PRNewswire/ -- Spherix Incorporated (Nasdaq: SPEX) -- an intellectual property development company committed to the fostering and monetization of intellectual property and the advancement of technology, released a letter to shareholders. The text of the letter is below:
http://photos.prnewswire.com/prnvar/20131104/PH08853LOGO
My posts are my opinion and should not be used as investment advice. Make your own decisions in your stock trades.
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