Finjan Holdings Inc (FNJN)

[Ecomike]

I was just looking at the COIN chart, and it seems we are at or very near an all time low right this minute. With the recent new shares issued bumping the book value up from .04 to .44/share, and the financials looking better than ever, this looks like a great opportunity to add, or for new longs to jump in, or start jumping in. I will be surprized if the price goes much lower. This was a $10 stock early in 2008. And has been back up over $2 recently.

I believe this company has a much better up side potential than stocks like POT (traditional inorganic fertilizer plays). COIN has an ex EPA official on the BOD (last time I checked anyway), Their losses as they switch from a start up to a company with real sales should continue to fall, and with all the shares issued, the next quarter losses per share will be much smaller simply due to dilution. Some of the cash they just raised will go to pay down debt and reduce interest expenses, which should help profits. This all adds up to a great buying opportunity IMHO. I already doubled my long position recently when the new COINU issue came out by buying some of the COINU which has $1.34 warrants attached. I am long on both now, and will hold the COINU until they split to COIN and COINW in the very near future.

Oh, and if you take out the $1.34 warrarnts in the new issue (COINW part of COINU) that leaves the new issue which sold for $1.06 issue price, at a price that is about 20% higher than today's COIN price. If we don't get back to $1.34 someday that is, the warrants would be worthless, but the warrants seem to be currently valued at about .34, so the COINU holders are betting that COIN will get back up over $1.34 pretty soon, probably back up $2, soon. Last I checked COIN was sitting at around .84 with this current market correction taking out the week hands.

It is not very often, especially in the current market, where you can buy a new green tech stock with this much promise, this cheap. Right now it is at about 2x cash on hand book value!