If you look at the stats:
50-Day is even with and will be crossing ABOVE the 200-Day
100-Day is about to cross the 200-Day
RSI cooled off from the drop.
It closed ABOVE resistance.
It's still uptrending.
The last time it had a drop like this it wasn't able to recover and it was just downhill from there. Unlike yesterday which made a nice recovery.
The chart still looks fine (actually a bit better).
There is plenty of great news coming!
Let me just be clear; there is NO DILUTION. There are NO TOXIC NOTES. The CEO's are NOT hording the money for themselves that they made from the Microsoft case. They have reinvested the funds in order to go after MORE infringers' (Hello, duh!), partnered with Target (Walmart next?), a commercial that is coming out THIS MONTH, the 3 lawsuits (Google is next!), partnering with major companies and selling licenses, etc etc etc.
Everything that he has said he would do he has done. THAT is what sets him apart from the others. THAT is why he is part of the 1%!
YES, there IS revenue. It hasn't been that much until recently because they were cash strapped. Now that they have funds available they were able to pay off their debts except for one that refused (they have collateral and will NOT be allowed to dilute).
The financials that are coming out on the 15th (probably the 22nd knowing them) will look better than all the previous ones but don't expect to see a huge jump in numbers. Yes they did start selling in Target but it's not going to be an overnight thing. Most of the revenue making ventures have literally just started. This 10-Q will show an improvement for sure but the next one will be the one that shows all the new things.
The big thing to focus on at the moment is the 3 lawsuits. Microsoft settled in 6 months. These are expected to settle much sooner since the precedent has already been set. Since they are knowingly infringing they will be able to get 3x times as much in damages.
However, what Mr. Kay is really looking for is a buyout, this is something he has repeated SEVERAL times. A buyout for us would be huge. Bigger than any lawsuit. Let me ask you something; do you think he would want to drown a company when he's trying to sell it? NO. He wants the maximum amount of money and is going to make it looks as pretty as possible so he can most likely retire with possible royalties.
This is all information that has been researched and can be seen publicly. If you don't believe anything that I have written you can literally just pick up the phone and call him (or email). He is very open to answering investors questions and answers all emails. He is a GREAT CEO!
