Copied from WDDD board post:
From Edva patent blog
Our Three Investments: VRNG, WDDD, BCYP
I was asked the other day if we had our druthers (which fortunately we do) how would we apportion our investment dollars in these three companies. This is a very tricky question and frankly I could not find fault with people seeing this in a myriad of ways. I can tell you how we see it and what we believe, and perhaps more importantly, what we are willing to risk. Our two biggest investments at this stage are Worlds (WDDD) and Blue Calypso (BCYP). You might ask why given the fact that neither has won anything yet, not even a Markman hearing, and Vringo (VRNG) has won a jury verdict. True enough. The issue is a bit complicated because you have to ask yourself questions like… how long might you be willing to stick with an investment if it looks like the “winner” might not get paid for quite some time. The other thing to understand is that while wins are paramount, not racking up losses is equally important.
I have said before that Vringo was mortally wounded by Judge Jackson’s laches ruling and the company and its stock has not been the same since. We still have a good deal invested in Vringo but our mindset has now become one that has made peace with the very real possibility that we may be sitting on that investment for quite some time in order to get what we originally hypothesized internally. We continue to believe that Judge Jackson is likely to award somewhere in the neighborhood of a 5% running royalty but we cannot 100% rule out a surprise from him that would be negative for shareholders. The positive here is that the management team at Vringo is the best of the bunch (although I would say that Mr. Kidrin at Worlds is the hardest working guy in showbiz but unfortunately it’s just him) and they have set themselves up to continue to grow and thrive.
Everything is IN MY OPINION!!!
