VRNG Company info 08/16/2014 08:24:27 $VRNG
If you read Judge Chen's dissention, it almost comes off as a warning to the other judges. Overruling juries and substantial evidence, as he puts it, is over the top.
I think Chen could be the catalyst for justice in getting the courts 14-17 judges together for en banc review.
His writing on the decision are almost a pitch for the en banc review.
IMO The 2 affirmative judges have gone beyond their scope. Its almost as if they were hand picked to help Google. I know that sounds conspiratorial but it isn't every day that appellate judges overrule juries.
Bottom line - this decision adds significant time but in my opinion will go to the Supreme court.
VRNG now needs to show the shareholders that the fight goes on.
Two patent stocks were up yesterday. VHC +$.16 to $15.29 and ACTG +$.02 to $17.11.
Google money is not included in the cash position as it has never been recieved!
monday will see if dead cat bounce and if so, im shorting this baby to the ground. lets get it
May I help you?
POSSIBLY NOT EVEN ABOVE .025!
SHORTS won't cover above .25, if REFUND DUE!
OR, it could SINK them to sub-penny! It has happened to companies with a MORE CASH!
This could be looking at the low .20 range!
If cash is REALLY $1.3m, then, they are DEEP RED!
How did they FUND all those Patent purchases?
$31,700,000-$30,496,155=A GREAT DEAL LESS CASH!
Don't forget the $30,496,155 REFUND BACK TO GOOGLE!
I don't need a calculator to add 0 + 0!
How much did they pay for the big patent portfolio they bought? So they have 39 cents per share in cash, that patent portfolio they bought off of,..Nokia? The value as a big board entity. The longshot value of Google appeals etc. Whatever value you give for other lawsuits based off the now tainted patents. What do you get $1.25-$1.50 per share worth of meat left on the bones?
There was a report of $31.7 million in cash at the end of June. And an additional $2.3 million deposited with various international courts for injunction enforcement.
Common shares outstanding is approx 87.2 million. There are approx 115 million shares on a fully diluted basis. But because 17.4 million of them are related to warrants (at $1.76 and $5.06) it probably doesn't make sense to count them when we have a market closing price per share of $0.88.
There are 12 million more shares related to the employee incentive plan.
So using the most favorable metrics, I believe it would be approximately $0.39 cash per share. But I don't know the cash burn the last two and half months. I am sure it is more than zero.
Get a better calculator.
One other point, the patents in question were directly related to proprietary query based content ad retrieval, which is Google Adsense. In essence, this voids ANY claim Vringo has to use or revenue generated from its use. In other words, Vringo is UP THE CREEK & will not obtain ANY revenue tied to those patents. No matter how the advocates for VRINGO twist this on the wire & on the message boards, LOSS of this revenue stream is MAJOR for a company this size!
How much cash per share does vringo have left?
If you read Judge Chen's dissention, it almost comes off as a warning to the other judges. Overruling juries and substantial evidence, as he puts it, is over the top.
I think Chen could be the catalyst for justice in getting the courts 14-17 judges together for en banc review.
His writing on the decision are almost a pitch for the en banc review.
IMO The 2 affirmative judges have gone beyond their scope. Its almost as if they were hand picked to help Google. I know that sounds conspiratorial but it isn't every day that appellate judges overrule juries.
Bottom line - this decision adds significant time but in my opinion will go to the Supreme court.
VRNG now needs to show the shareholders that the fight goes on.
Two patent stocks were up yesterday. VHC +$.16 to $15.29 and ACTG +$.02 to $17.11.
Google money is not included in the cash position as it has never been recieved!
monday will see if dead cat bounce and if so, im shorting this baby to the ground. lets get it
May I help you?
POSSIBLY NOT EVEN ABOVE .025!
SHORTS won't cover above .25, if REFUND DUE!
OR, it could SINK them to sub-penny! It has happened to companies with a MORE CASH!
This could be looking at the low .20 range!
If cash is REALLY $1.3m, then, they are DEEP RED!
How did they FUND all those Patent purchases?
$31,700,000-$30,496,155=A GREAT DEAL LESS CASH!
Don't forget the $30,496,155 REFUND BACK TO GOOGLE!
I don't need a calculator to add 0 + 0!
How much did they pay for the big patent portfolio they bought? So they have 39 cents per share in cash, that patent portfolio they bought off of,..Nokia? The value as a big board entity. The longshot value of Google appeals etc. Whatever value you give for other lawsuits based off the now tainted patents. What do you get $1.25-$1.50 per share worth of meat left on the bones?
There was a report of $31.7 million in cash at the end of June. And an additional $2.3 million deposited with various international courts for injunction enforcement.
Common shares outstanding is approx 87.2 million. There are approx 115 million shares on a fully diluted basis. But because 17.4 million of them are related to warrants (at $1.76 and $5.06) it probably doesn't make sense to count them when we have a market closing price per share of $0.88.
There are 12 million more shares related to the employee incentive plan.
So using the most favorable metrics, I believe it would be approximately $0.39 cash per share. But I don't know the cash burn the last two and half months. I am sure it is more than zero.
Get a better calculator.
One other point, the patents in question were directly related to proprietary query based content ad retrieval, which is Google Adsense. In essence, this voids ANY claim Vringo has to use or revenue generated from its use. In other words, Vringo is UP THE CREEK & will not obtain ANY revenue tied to those patents. No matter how the advocates for VRINGO twist this on the wire & on the message boards, LOSS of this revenue stream is MAJOR for a company this size!
How much cash per share does vringo have left?
