Finjan Holdings Inc (FNJN)

[Ecomike]

If you check back about 10 messages, I posted the latest on the float, and how the change in the float raised the stock holders equity 1000%, because of all the cash it raised. I don't think thew problem here is float, or just float. The problem is on going losses, and news of engineering design problems in the plant, neighbor complaints and suites over odors, a new $2 million digester that has severe corrosion problems already due to a coating failure. And on top of that, the markets have been dumping risky stocks like this one in a flight to quality, dividend paying stocks for 8-12 weeks now. This past week, they seem to be moving out of stocks quitely and into US Treasuries, more flight to quality. The only good news here is they are now cash flush, and have enough cash to survive next year at their current loss rate. They have also reduced their debt several times this year.