Replies to post #16919 on Finjan Holdings Inc (FNJN)

[lbcb123]

Yup. Can you believe I scooped them once more and they still didn't announce the release of Gen 4 even though they talked it up for over a year.

I guess they didn't want to put out the PR since it is so late and it is still a free version when they have guided for over a year it would be a paid for version. You can also view another lie in their August presentation material:

https://content.equisolve.net/_ac96154914e5098b7af0eb278bd0bfdc/finjan/db/184/5150/pdf/V2_Finjan-InvestorPresentation-August+2017+FINAL.pdf

Page 13 says that the VitalSecurity Gen 4 VPN Browser is available on "Mac and Windows platforms". LOL! How clueless. What they meant was "Apple and Android platforms", but that isn't true either. If you go to the Apple store you will see that it is still Gen 3.7 for the Apple platform.

They have done a good job on patent enforcement, but have shown they don't have what it takes to develop their other business units. CybeRisk flopped completely and Finjan Mobile is still giving away their browser after paying a $4M license fee for the VPN after they had claimed they already developed their own and it was just waiting for 100K downloads to be released. They hit that milestone last year.

I didn't get my pop so I could short. It will probably go under $2 by the end of the month, but it is a poor short or long trade now. It will remain a story stock with ups and downs and impossible to time. General trend remains down.