I too am puzzled about what is currently propping the stock up as Mara is now a mere shell company....nothing more and nothing less. To be clear, Mara is not realizing any revenue from the divested patents in the near term and likely never will (it would be a small miracle in fortress recoups its debt from these patents and covers its expenses, but even assuming they can do so in the next few years, their enforcement activities would likely stop there as they have no interest in being in the patent monetization business). And as for the patents that MARA retained, they are either worthless or incapable of being monetized without a ton of money put behind them (as otherwise Fortress would have included them in the deal). And Doug has made clear that they are exiting the patent monetization space altogether (notwithstanding his lip service that they would keep trying to extract value from the existing patents). Did anyone pay attention to how he answered the GE question on the call (and amazingly almost got through the call without addressing the seemingly most valuable patents that they controlled). At first he stated that they still had the monetization rights...but then when pressed whether investors could project any revenue in the next few years from these patents, he admitted that the answer was "0". Erich is gone and so is the hope of ever seeing any revenue from patent monetization again. The game is over in that respect. So that leads me back to my initial statement...why is the stock not trading sub 10 pennies where it belongs? How can this company possibly transition to an entirely new business with just $3 million to $5 million in new financing and still a high burn rate? And how could any investors actually believe that this management team could pull this off, especially after we were led to believe in the long term possibilities of trademark monetization (whatever happened with that?), commercialization of patents, for example 3d nanocolor which they touted so highly (whatever happened with that?) and even Hermes patents (again, whatever happened with that?). All Doug knows is patent monetization and he failed miserably at that. Do you really want to invest in a company with Doug as the CEO that is involved in something else? I for one do not and thus I made the painful decision to sell my shares, swallow my gigantic loss, and move on. There is no question that Doug deceived shareholders in many of his public statements. Twice he said affirmatively that there would be no dilution at times when he most certainly knew that not only was this a possibility, but was inevitable. He gave projections on revenue which could not possibly have been reasonable given the state of the company and the lack of cash to enforce the patents. He told us that Erich was working day and night when they were in fact preparing to terminate him (yet continue paying him as a consultant despite no more patents to enforce). He told us that they would start buying stock but of course they never did. The list can go on and on. Good luck to those who remain. Perhaps the day traders can run this up again for no reason at all? That likely is the only hope at this point.
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