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  • Vringo posts 6.4% gain following ZTE breach of contract annnouncement [View news story]
    The NDA case was filed as a proactive counter measure against ZTE regulatory ally China based NDRC. ZTE is suspected of using the NDA to penalize Vringo by proxying an agency that is best compared to our Federal Trade Commission, in pursuit of attaching a massive fine similar to the Qualcomm decision.

    Not covered in the story and rarely mentioned is the forthcoming announcement expected out of the United Kingdom over Vringo's '919 patent victory against ZTE. UK Justice Birss is expected to award Vringo percentage based royalties dating back to September 8, 2010.

    ZTE is liable for all LTE 3G 4G infrastructure builds made in the UK during that time period. Suggested royalties mentioned in court exceed 2%. The question is how much and not "if", as the ruling is beyond appeal in the United Kingdom.
    Apr 8, 2015. 08:17 PM | 7 Likes Like |Link to Comment
  • Vringo up 22% over last two days [View news story]
    Reference the amended answer in the response above.

    Vringo filed counter-claims asking the US FEDERAL COURTS to require ZTE to accept FRAND TERMS as outlined should Vringo prevail. Including all attorneys fees from ALL legal actions filed around the world.

    By seeking US COURT review ZTE encumbers ZTE-US held Assets over foreign judgments. This could create new problems for ZTE.
    Mar 3, 2015. 12:27 PM | 5 Likes Like |Link to Comment
  • Hercules Offshore - The 1 Metric That Matters [View article]
    Yes Hercules undoubtedly allowed Saudi Aramco to exit. My guess is the S1 amended that was filed 72 hours later suggests the Saudi's traded contract penalties and an early exist for $400 million preferred equity in Hercules.
    Mar 3, 2015. 09:33 AM | Likes Like |Link to Comment
  • Hercules Offshore is not a sinking ship, analyst says [View news story]
    @Carl,

    Hercules Offshore, Inc. $400,000,000 SEC Registration of new equity filed this morning is incredibly odd timing given that Friday Saudi Aramco cancelled its long term contract with Hercules 261.

    Think back and realize Hercules loaded that contract with very low day rates in the first 3 years and escalating higher day rates at the end of the term. The contract was to run from 2012-2019. Now Hercules allows Saudi Aramco to "walk" having reaped low rates and avoided the higher rates, with no term fees or penalties?

    On the contrary the timing suggests Saudi Aramco may be taking a preferred equity in Hercules Offshore. Certainly this looks far better on the books than a continual revenue decline based on high day rates that cannot be renegotiated.

    The dollars would add up, taken over all 3 rigs for the remaining 4 years.
    Mar 2, 2015. 02:46 PM | 1 Like Like |Link to Comment
  • Hercules Offshore Now Forced To Scramble [View article]
    My point was Hercules released the public announcement before the Market opened then hours later DB Analyst filed his report. So what inspired CEO John Ryan to release negotiations that has been reserved for the fleet reports? Many thoughts here lead me to believe that Someone was intent on driving down the stock price or possibly the bonds.

    Larger dynamics are at play here on the world set. Pumped eagle ford shale oil refined to light crude left Louisiana 4 days ago via BP sold to Netherlands. I believe it was 600k barrels. With a republican led congress and Bibi Netanyahu telling Congress next week that Israel is resolving Irans nuclear capability, we could see American produced oil assume a new role on the world stage.

    Maybe this happens in 2 weeks maybe in 2 years. Either way HERO has the cash and credit to wait it out.
    Feb 28, 2015. 08:55 AM | 2 Likes Like |Link to Comment
  • Hercules Offshore Now Forced To Scramble [View article]
    Lets talk about what's real, and not the opinion of Deutsche Bank analyst Mike Urban ( who has been wrong about Hero and 80% of his stock selections the last 2 years; i.e. Coin Toss is winning) http://bit.ly/17DTsPy

    What really inspired this move was not the ever wrong Mr. Urban but rather the public disclosure that came from CEO John Ryan this morning at 7:31am. Mr. Urbans report came later in the morning.

    Hercules Offshore, Inc. February 26, 2015 7:30 AM

    HOUSTON, Feb. 26, 2015 /PRNewswire/ -- Hercules Offshore, Inc. (HERO) announced that it has received a notice from Saudi Aramco terminating its drilling contract for the Hercules 261, effective March 27, 2015. The Company is in the process of seeking a basis for continuing the Hercules 261 contract. As previously disclosed, the Company has been in discussions with Saudi Aramco about a possible rate reduction on the Hercules 262 and Hercules 266. The Company has not received a notice of termination from Saudi Aramco with respect to these rigs."

    So Hercules is re-negotiating the Saudi's contract. This is not the death of Hercules, however Mr. Urban decided to make it so by piling on 2 years of frustrations and possibly pent up hate for being dead wrong about HERO.

    However I'm more interested with CEO Ryan and why he chose to make the Saudi Aramco decision to renegotiate public. Was he forced to? Did someone at Saudi Aramco put it out there? Or did someone at HERO leak the information?

    Either way Hercules took the initiative to clarify what was happening. Since we all know Hercules IS NOT going Bankrupt, DB Analyst Mike Urban said as much in his report, who profits from this decision-other than the smart investor is yet to be seen. Hercules could very easily repurchase these shares in the open market and take the company private or do a multitude of other things.

    I for one purchase shares in the open market and will continue to do so at every opportunity at these levels.
    Feb 27, 2015. 08:56 PM | 2 Likes Like |Link to Comment
  • Hercules Offshore -28% as analyst throws in the towel after two years [View news story]
    Analyst Mike Urban has been wrong about HERO for at least the past 3 years, now he's right?

    Well alright maybe I'd believe that if he was right about something else and ranked in the top 20 analysts in the world.

    However Mr. Urban sits at the bottom of that 7000+ plus ranking list and has a glaring and convincing 80-90% failure rate in his projections. Still people listen.

    Tea leaves or maybe flipping an orange peel the right way could outperform him.

    read for yourself.

    http://bit.ly/17DTsPy
    Feb 27, 2015. 01:40 PM | 5 Likes Like |Link to Comment
  • Vringo, Inc. And Worlds, Inc. Reflections On Events- Feb 16, 2015 [View instapost]
    @Jmramsb @dam78

    Agreed, all we have is speculation.

    ZTE ran to the USPTO to file those re-examinations. ZTE met face to face with Vringo in NY less than 2 weeks ago. ZTE's installation with COSMOTE ROMANIA ($30 million contract) is probably in jeopardy as are many RFP's in the effected countries within Europe and South America.

    Motivation to strike a deal quickly is apparent.
    Feb 17, 2015. 09:15 AM | 2 Likes Like |Link to Comment
  • Vringo, Inc. And Worlds, Inc. Reflections On Events- Feb 16, 2015 [View instapost]
    @dam78

    Yes that would now fall on the "unhappy Judge Kaplan" - ref Judg Sleets comments.

    Vringo is asking Judge Kaplan to allow the NDA lawsuit to go to trial. Vringo has to demonstrate that it has cause for seeking relief.

    Judge Kaplan will make that call shortly.
    Feb 16, 2015. 05:08 PM | 2 Likes Like |Link to Comment
  • Vringo; Great IP, Poor Management [View instapost]
    I did buy back into Vringo, not for management but for the litigation.
    Feb 16, 2015. 02:35 PM | Likes Like |Link to Comment
  • Vringo closes up 30.6% on ZTE settlement hopes [View news story]
    ZTE objected to the Bond amount, and Vringo would have noticed ZTE on the status of the payment.

    Lets not forget about this...

    http://bit.ly/1CSNmrU
    Feb 10, 2015. 09:00 PM | 3 Likes Like |Link to Comment
  • Vringo +17.6%; motion to dissolve TRO granted in ZTE suit [View news story]
    @JACK JOE

    This was Vringo Legal "spotlighting" ZTE's massive legal flop in support of a quick determination on the Non-Disclosure Breach lawsuit; which I think they will get.
    Feb 10, 2015. 08:46 PM | 5 Likes Like |Link to Comment
  • Vringo closes up 30.6% on ZTE settlement hopes [View news story]
    **********************... AM EST Conference Between Vringo and ZTE**********

    DISCLOSED ON PACER SYSTEM
    Feb 10, 2015. 10:02 AM | 1 Like Like |Link to Comment
  • Vringo closes up 30.6% on ZTE settlement hopes [View news story]
    @IP Hawk

    Its always "action-reaction" in law and 3 moves ahead.

    ZTE had already tried its Anti-Trust action and had little options available, other than settling. This made sense and Vringo was in no rush to make the cash payment. Timing was auspicious as Judge Kaplan ruling on "comity" affecting the crux of the debate with Vringo's "new found" disclosures in Delaware Court will advance the NDA litigation.

    Feb 9, 2015. 07:34 PM | 3 Likes Like |Link to Comment
  • Vringo closes up 30.6% on ZTE settlement hopes [View news story]
    @User 8331091

    Correct.
    Feb 9, 2015. 07:25 PM | 2 Likes Like |Link to Comment
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