Finjan Holdings Inc (FNJN)

[Ecomike]

This company is going no where except into BK now, unless they find a new CEO, and new money, and dilute the hell out of existing shareholders (again), as they are broke now, broke for the third time, with no more options!

The only thing they have left is a smoke and mirrors line item on the ledger called good will, value on the books (the only remaining stock holders equity) which came from trading $0.7x something shares for another broke company called Terra, a company they bought for about 20 million dollars of COIN stock when COIN shares were 1000% higher than they are now, a company that has had zero new sales, and zero cash flow for nearly 12 months now. The CEO, his brother and Brustor (SP?, the Terra guy) are collecting about 1.5 million dollars a year in salary, and they barely have that much in annual sales this year, and in fact company wide sales this year are less than last years sales, even after buying TERRA!!!!!

They have less than 3 million dollars in annual sales, they have no more cash, and the stock is now so diluted that it is nearly worthless.

They had great plans, great ideas, great funding and back up, but
no idea how to manage cash or execute a business plan (in fact all they did was execute the company, while the CEO lined his pocket), or perhaps the business plan was financially flawed from the start (The NJ deal had a lousy license cost structure....old story, they realized it and dumped that operation at a 40 million dollar loss late last year, but not before buying the Calif operation).

The only profitable operation (Calif) (sales minus cost of goods, before any overhead), does not make enough gross profit to even pay the CEO's salary!!!! Go look at the financials, do some DD, this has been a sinking ship with PR fluff for over 3 years. Even the string of PR fluff is not holding up the stock price.