Sunday Night Rant Part Two....
Tradable Shares:
I have been tracking shares based on institutional ownership in the past week. I realized yesterday that they do not count Put/Call Options in those numbers. Therefore I thought it better to figure out the numbers that were in solid hands and then deduct that from the current float. New Investors, I am basing this on my own DD and conversations with company representatives. Remember, at any time these numbers can change for the better or the worse.
As of 8/11/2013: (Rounded)
Float 38, 263,000 shares
IPNAV: 4,000,000
Barry Honig: 2,600,000
Officers: 2,330,000
Inst:130,550 (Less 986,000 PUT/Calls)
Ownership: 8,960,550 shares
Percent of Float currently locked up: 23%
That leaves 29,302,450 shares to trade. The short interest for DSS should be updated Monday on NASADQ and I expect it to be close to last report; 1,622,000 shares. From all the numbers above, this stock is in an exceptional position from a trading stand point. If any of these other “pure” IP plays are an indicator, that short interest is going to climb in a big way at some point. In my humble opinion that is not a bad thing as those are shares that have to be bought and sold. It becomes more of a nuisance when the stock starts getting closer to key catalyst type events. We are a long way from the 16-18MM average short position in IP sector stocks. We are ½ the O/S of the majority of the large IP plays. VHC has 51M O/S and a short interest in excess of 15M! This week should see the final institutional investors that will be added.
Conference Call:
Perhaps the most critical event of the week will be the Tuesday earnings call. The ONLY prior quarter numbers that are relevant to me are the revenues generated by each division and whether the cost of those revenues increased or decreased. Licensing revenue of settlements will not be included since the merger was official one day after close of the quarter. I want to hear where future revenues are going to come from and what progress there is on the Authentiguard line. To expect any more detail on prior settlements is ridiculous. I will give you their answer in advance: “Due to our current NDA with (put any company here), we are unable to disclose any further information.” Wait for 3Q-that is the only option here. I am also hoping for a “surprise” type announcement that we had no idea about. Lastly, give me something from which I can evaluate your success or failure as a company/management team.
Should be an interesting week and I for one am ready for some news finally.
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