COIN is worth more than the current pps.. just on the fact that it owns VRNG shares for goodness sake.
almost all patent infrigement lawsuits get settled out of court.. i think i read its like 95 %.. the trial is in October.. thats not but a few months away..
u can bet $$ they are working on settling this thing right now.
were talking GOOGLE.. who could literally pick the $$ of a tree like apples.. to buy out VRNG...
who knows.. lets just say they buy out VRNG for 15-20 pps
COIN has how many VRNG shares.. like 400k at $2 or less... ?
i didnt realize the outstanding shares on COIN was only 180 million.. or so...
so.. COIN makes roughly 18pps on 400k... shares.. wer talking 60-80 million dollars roughly..
divided by 180 million shares
were talking .44 pps worth on COIN..
its worth the gamble in my book.
mark it down.. GOOGLE will settle with VRNG.. and it will be months before that trial..
and my goodness even if they do not buy out VRNG>.
VRNG will go nutso ala ROSG style.. on a monster short squeezer.. 5.5 million share float.. with 30% shares short..
shorts will get lit up like fourth of july..
it could squeeze to 25-30.. easily... with monster volume.