Finjan Holdings Inc (FNJN)

[lbcb123]

Holy Cow! Things are worse than I could have imagined. Can't believe they had to do a hard-money deal at an exorbitant effective interest rate with a loan-shark instead of getting more traditional financing if they needed cash so bad. This tells us that lenders view the collateral value of their IP as negligible with patents beginning to expire this year and the pool of potential new revenue from it dwindling.

It is smart to do any financing you can get while in the sweet spot here so they can keep their cushy jobs longer. They have utterly failed at their two business units with one not even trying to get clients anymore and the other missing deadline after deadline.

What will happen to the stock price? Hard to tell. There are still mostly ignorant, naïve people here who were attracted by a massive promotional campaign. This is a HUGE negative. If there is even a small percentage of savvy investors here, it should close under $3.