Saturday, August 19, 2017 9:17:59 PM
Hitman is exaggerating that he "always" knew there was something fishy. It was months before the red flags began appearing.
Failed guidance on CybeRisk and then we found out its head jumped ship. Major red flag and CybeRisk is pretty much shut down. They used to be stingy about shares and then all of a sudden began diluting when they didn't need the money. They knew the price was ridiculous after the promotional campaign and wanted to cash-in before the price retraced. Public float used to be 6M and then institutions began selling. Huge red flag. Flat-out lies claiming Finjan Mobile was "on time and on budget" with mobile browser. They said a year ago Gen 4 was ready with VPN and would be a paid for version released as soon as they hit 100K downloads. Not only did Gen 4 take an extra year, but it is still free and they paid $4M to license a VPN when they supposedly already had one. It appears their software developers jumped ship, also. They kept claiming license deals were imminent and then they never came when guided. No credibility at all.
You can continue to be delusional, but you are the one who doesn't know what he is talking about. There will be a PR coming out at 8:30 Monday morning saying Gen 4 is released. I already told you, but Finjan likes to delay disseminating news. Use your imagination as to why.
Their business units are failing and their one-off revenue is diminishing while their burn rate is increasing. You picked the wrong stock to fall in love with.
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