Finjan Holdings Inc (FNJN)

[lbcb123]

B. Riley was the underwriters for their secondary offering last year and could only sell about half of the shares. That is why they were stuck with over 2M shares.

Halcyon is the entity that did the preferred shares and had a seat at board of directors meetings. They had nonpublic knowledge that a settlement with Symantec was forthcoming and began buying shares in the $1.70s. Very sleazy and probably illegal.

How much you want to bet one or both of them did some selling yesterday and/or will sell some today? Watch for ownership filings.

It is what it is. I'm not a pumper or a basher. If you can't be dispassionate about a stock and point out both the good and the bad just as easily you shouldn't be an individual investor.

I'm not making it go under $3, but it is headed there. Not becaue of a chart, but because the cash position is less than what we thought, Finjan Mobile isn't as far along as we were led to believe and they admitted they have no direction and the next meeting of the BOD may give some input as to their next move. Doesn't exactly instill confidence.