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Tuesday, July 30, 2013 2:42:38 PM
crosspost from Lion.com
http://www.thelion.com/bin/forum.cgi?tf=wall_street_pit&msg=2389404&t=0&cmd=r
SPEX released on a licensing deal with an unnamed tech leader that agreed to to license the Compufill divisions online drug prescript refill patent. So much for the the no revs sophistry from the short side.
More importantly in my view the volume increases signal a soak up may be in progress...if so the stock will move higher..perhaps much higher. What typically happens here is the short side defend their positions for as long as the borrowable shares last. When the supply inevitably dwindles the stock is free to move un opposed. Time will tell.
About the Compufill patent and associated litigation....SPEX is being represented by McKool Smith..the same patent litigator that sued...and beat Apple on behalf of VHC. So the analogy I made last week comparing the two seems at least in part closer.
http://www.patexia.com/lawsuits/Compufill-LLC-v-Walgreen-Co-et-al-id-5031
In addition a quick search of the patent resource Patexia shows that Compufill/SPEX has pending litigation against Walgreen Co.; CVS Caremark Corporation;Target Corporation; Costco and the big fish of the group Walmart. In my view any grocery chain store with a pharamcy will most likely be targeted as infringers of this patent. And this is just one patent. Clearly SPEX new management means business.
'Compufill LLC v. Walgreen Co. et. al.
Case: 2:11-cv-04346 filed on 5/20/2011 in Central District of California
Plaintiff(s): Compufill LLC
Plaintiff law firm(s): Hennigan Dorman LLP
Plaintiff lawyer(s): Lawrence M Hadley; Roderick G Dorman
Defendant(s): Walgreen Co.; CVS Caremark Corporation; Wal-Mart Stores Inc.; Target Corporation; Costco Wholesale Corporation
Patent(s): 6728684 - On-line pharmacy automated refill system '
bottom of the page http://www.patexia.com/feed/early-stage-patent-infringement-may-23-2011-32
Anyway it should be interesting given the volume action for the last few days
Solid DD combined with timeliness and conviction is a recipe for profits.
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