Crap, short interest is more than half the volume. Apparently, the majority of the flippers think it hasn't hit bottom yet:
Short Interest (Shares Short) 17,559,000
Days To Cover (Short Interest Ratio) 18.4
Short Percent of Float 21.07 %
Short Interest - Prior 18,869,900
Short % Increase / Decrease -6.95
Shares Float 83,320,000
% Owned by Insiders 11.41%
% Owned by Institutions 8.90%
Market Cap. $ 81,601,772
Trading Volume - Today 31,872,302
Trading Volume - Average 951,900
Trading Volume - Today vs. Average
3348.28%
Record Date
2014-AugA
please post one of your nice annotated charts
also on [SMB]
oh Im ready= I buy in stages, already have 85's, added 94's eod because I believe it will gap up over $1 on Monday, I will sell into any runs and can buy pullbacks
I have been following VRNG for years....used to mod this board
I am not a LONG, never was, but I do feel for shareholders and want the stock to be much higher....... under $1 is a joke imo
What do you think about Monday 1,19 it is possible? OR NO MOOR THEN $1,00
VRNG: looks like a sweet bounce play for next week........on the radar.........$$$
I'm down about the same and feel similar.
http://seekingalpha.com/article/2428915-vring...sus-google
It was kind of strange to see JJ so quiet recently, now we know why, so it wasn't your GF taking up all of your time like you mentioned earlier.
In the meantime, I recommend you take advantage of the coming free fall to average down.
Congrats on the bail out JJ!
20k lost but as strange as it sounds glad to be out of this
Check their filings in 3 months, it wont look so pretty then!
did you really think vrng had any chance of winning? lol. joke
Right - another confirmation of NO REAL REVENUES!
No, I am not short. I just have a grasp for the obvious shortcomings of the company. First & Foremost, I would NEVER have paid $3 for a stock with a true share value in the .025 - .55 range. PLUS, I see SERIOUS issues with this company's FUTURE revenues. I hope they can show revenues from something other than lawsuits.
VRNG still received several search patents from the Microsoft deal so all was not lost on that deal.
RD,
I hope you didn't go short on Friday after the news. The bottom has already been put in at $.67; next week we will start trending up to the $1.40-$1.60 range while we wait for news. If news or updates hit, then bumping up against $2.00/share is not out of the question. You sound like someone desperate. If someone was short VRNG from the $3.00 range and is still holding, then they are hyper-greedy, and a bit unwise, and deserve to lose some money when the share price heads up. I suspect the wise, savvy shorts have covered or will be covering en masse on Monday. They made a ton of money; sticking around here for a few more pennies is hardly worth their time, especially with the upside potential of the stock at these levels. Again, if you went short Friday after the news, have fun with that.
Tink
Yes, that's a GOOD idea. Current Technology makes old patents antiquated. IMO they are worthless. That is why Nokia sold them. Hint Hint
Don't forget VRNG still has a law suit against Asus. Also, most likely if ZTE settles then the next companies to go after could be Huawei or HTC.
Two thoughts
2)VRNG legal team never put a foot wrong.. throughout the past 2 years they have done nothing but win.. so they lost the big one and yes that bites hard.. but that doesn't mean the legal team is any less proficient at what they do .. if anything it points to some serious failings in the US Legal system.
3) VRNG locked in a cash and patents deal with MSFT on patents which were ruled to be invalid.. (not a bad score for some so called invalid patents)
Quote:
2)Laches blindside was a bad move, not arguing against laches when they had their chance.
3)Microsoft payment is a percentage of what Google pays. Right now google is paying zero. Microsoft pays a percentage of zero which will always be zero.