OT- Any revenue from settling will more than likely be chewed up by attorney fees and other costs. I am very pessimistic on revenue because they are 6 months behind on the release of MobileTrust. How much revenue from that product was factored into their projections?
We have repeatedly been told "the contract is very close to being signed" on multiple occasions over the last few quarters but have yet to see any revenue materialize. Until I see a PR about a BIG signed contract I don't believe they have the necessary revenue to get much higher than $700-800K this year.
Getting these patents should help convince some of these companies that are sitting on the fence that SFOR owns the IP. I would foresee 2014 as being the breakout year with revenues picking up towards the end of this year. But, too little too late to help this years balance sheet.
I don't think you can go wrong buying at these levels. They only have an enterprise value of $750K or so at the current price. Even if someone like Microsoft bought the OOB patents, I would guess they would pay well over that figure. I wish there was a way to find out what Microsoft paid for Phonefactor. Anyone have a line on that?
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