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Friday, April 13, 2012 12:59:16 AM
If Google decided to settle, which I believe that they will, with BILLIONS of dollars going to I/P Inc, VRNG's pps could only rocket up to the stratosphere. I'm talking of over $300/share. And we haven't even accounted the potential future royalty fee from Google for continual usage of I/P's proprietary patent.
Now, can you imagine the value of COIN's investment? Let's just take an extremely conservative calculation of VRNG's $30/share leading up to the trial date.
$30/share X 633,640 shares = $19,009,200 in cash value
$19,009,200 divided by 180,235,471 O/S = $0.1055/share
If I/P Inc wins the case versus Google, the sky is the limit for COIN. I think they've made a very smart move hedging their business by investing in VRNG. Most haven't seen this yet, but they will soon enough as the lawsuit nears its trial date. I'm more incline to believe that Google would want to settle.
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