Finjan Holdings Inc (FNJN)

[lbcb123]

I was correct that they were near if not over 100K downloads of Gen3 of their mobile browser. They surpassed 100K just at the Google Play Store:

Installs
100,000 - 500,000

Yesterday showed 50,000 - 100,000.

They previously said that Gen4 (the paid version with built-in VPN) would be released once they hit 100K downloads.

I agree with this statement you highlighted from IR: "I think it's important to have a recurring revenue stream in this business, having recurring revenue makes this an attractive investment".

I have said for almost a year now that this company just isn't going to get fairly valued as all of their licensing and litigation revenue is viewed as "one-off revenue" by the market. I believe this is unfair as they have a track record of revenue from this area and as they stagger lawsuits and licensing announcements it should be considered as recurring revenue. With that said... the release of Gen4 and the first revenue from Finjan Mobile will be a game-changer in my opinion.

I can't verify some of the rumors I am picking up, but I believe any of the potential outcomes will mean many multiples higher from these levels. Good luck to us all. Hitting 100K downloads with a rating of 4.5 out of 5 is unbelievable on this type of a product. I have found none rated higher. The ignorant will sit on their hands again while those who actually do their own due diligence will continue to quietly accumulate.