Finjan Holdings Inc (FNJN)

[Ecomike]

IIRC, yes it is on Nasdaq, I think it got a warning to get the price up over $1 for 30 days to remain on NASDAQ warning letter recently, which is I think why they delayed the quarterly/2009 yearly report. But it failed to hold up over $1 for 30 days.

I am re-reading old news, and found reasons again to be some what bullish again, once we bottom! They have been attending multiple investor conferences the last 3 months, so some new people should be watching and looking for entries, or perhaps they bought and sold the last wave, adding to this drop?

Also there was a $1 million license fee announced and $20/ton fee for a new, third facility deal made in Mass in Feb, that did not cost us capital or share dilution, but brought in some new income and expanded the potential marketing field showing us that others were willing to license COIN tech and invest to build a new plant in Mass and pay $1,000,000 for a license plus produced product fees:

http://eresearch.fidelity.com/eresearch/goto/evaluate/news/basicNewsStory.jhtml?symbols=COIN&product=USPR____&provider=BIZWIRE_&storyid=201002231000BIZWIRE_USPR_____BW6196&hlinks=vnhl

Woodbridge is headed for 175 tons per week output, so if Mass hits 175 tons per week times $20/ton, that is $3500/week in fee income for doing nothing, 3500x52 = $182,000/yr in royalties, pure profit.

"BOSTON--(BUSINESS WIRE)-- Converted Organics Inc. announced today that it has entered into a license agreement with MassOrganics I, LLC regarding the use of Converted Organics’ proprietary system for the manufacture of organic fertilizer products. MassOrganics I will install and operate the system at a new manufacturing facility to be constructed at The Sutton Commerce Park in Sutton, Massachusetts. In March, 2009 Converted Organics received a permit from the Commonwealth of Massachusetts' Department of Environmental Protection to operate a food waste processing facility at the site.

As part of the agreement, MassOrganics I will pay a licensing fee to Converted Organics of $1,000,000 and a royalty of $20 per ton of fertilizer sold from the facility. Coin has agreed to give MassOrganics I the right of first refusal for the development of similar facilities in Maine, Connecticut, New Hampshire, Rhode Island, Massachusetts, and Vermont. "

This was also encouraging news in feb 2010:

Converted Organics Inc. announced that the company has ordered additional, state of the art manufacturing equipment and is conducting new tests designed to enhance its ability to process food waste into high-quality organic fertilizer at its Woodbridge, New Jersey manufacturing facility. Converted Organics currently processes approximately 100 tons of food waste per week at the Woodbridge plant, and expects to process approximately 175 tons per week by the end of the first quarter of this year.



BOSTON--(BUSINESS WIRE)-- Converted Organics Inc. announced today that, as part of a comprehensive 2010 retail growth strategy, the Company will launch a grassroots marketing initiative in mid-March in conjunction with The Paul Parent Garden Club™ talk radio show. The marketing campaign is designed to drive retail sales of Converted Organics’ organic fertilizer products throughout New England.

Paul Parent, a leading regional gardening authority, provides horticulture advice to over one-half million listeners each week through his syndicated program, which airs on 25 radio stations in the Northeast and is also broadcast on select radio stations in California, Georgia, Indiana, Nebraska, Pennsylvania, South Carolina and South Dakota.

“New England gardening enthusiasts have been listening to Paul Parent for 23 years to obtain the latest information on effective gardening techniques and products,” said David A. Flannery, Vice President of Marketing for Converted Organics “Our marketing initiative will include live interviews with Converted Organics experts on Paul’s show, four Converted Organics product advertisements per broadcast this spring, and the inclusion of Converted Organics’ product information in e-newsletters and direct mail campaigns from The Paul Parent Garden Club™ to independent garden centers across the country. Converted Organics is confident that these initiatives will have a positive impact on the sales of our organic fertilizers products during the upcoming growing season.”

About The Paul Parent Garden Club™

We also had the Home depot reorder in Jan/Feb and the Wallmart and SamsClub additions this quarter. We have also had the addition of sales staff.

They also hired a professional marketing group for an add campaign!

"Coin announced today that it has retained Crossbow Group of Westport, CT to develop high impact advertising and marketing communications programs targeted to several of the firm’s target markets. Crossbow Group will be developing measurable, scalable programs for the retail lawn and garden, agriculture, professional lawn care and golf course markets. Programs will roll-out in the first quarter of 2010."

Looks to me like a number of stock holders exited at the Walmart news and later news when the stock peaked up one day on the days news. Question I guess is when and if they will buy back soon. I may post a chart here later today to see if I can pick a bottom area based on the last highs and lows.

We should also revisit this post of a 50% expected increase in fertilizer sales from this aquizition 3 weeks ago!

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=47319587