Welcome all to my first Vringo (VRNG) blog on Seeking Alpha and to all my ZERO followers thank you for the support. Don't worry I am not asking for you to donate anything. At least not yet, I will wait first for you to like me, listen to me, depend on me and then I will add that feature. But please do not expect any real DD in this blog, after all has anyone provided us with any real DD? And who am I to break the trend! Get this, I am not even a professional writer, and I did not major in English or Business Finance in college either. But hey, I have a keyboard, and I can write something and why not let the whole world see what I have to say after all I must be an expert since you can read what I am writing. Look at me everyone; I am a professional writer on stocks because people can see my writings!! My parents will be so proud! As many of you are here (long or short) continue to get bombarded with articles from so many people on a daily basis about VRNG I say do not read them, in fact stop reading mine! I provide no real substance, no real facts and nothing to make your mind react to your investment to protect it. My post is garbage but so is everyone else's. For an exception of maybe James Altucher, 99% of the garbage I have been reading is well garbage, not even worth recycling. Why read it? Nobody here can actually make me believe that any real DD is being done. I mean seriously, have you read some of the blogs coming out? Most of them are so horribly wrong that if I were to correct them, you would see so much red ink due to errors of all sorts; it would look like I was playing with crayons. People getting the float wrong, people getting the lawyers wrong, who is the judge wrong, people pulling numbers from a galaxy far far away, it makes me think YODA is writing a few of these. Some of these bloggers names should be called The Death Star for crying out loud.
So I say, if you are going to read these wonderful works of art, do it for enjoyment and comical purposes its great bathroom reading. Nobody here can make me believe that someone actually spent time doing DD on some of the dribble that gets posted. In-fact, all the articles written are all for personal gains. The ones who we thought were actually here for us, have now created a business with donation buttons, or you must spend $1.50 to even read his one time free thought... How do you like that bait and switch? Yeah but hey, it's only $1.50 to get one man's opinion so I say why not. After all since it cost $1.50 it must be the real deal. Someone is posting from the courtroom! Well if he owns shares what do you think he will report, "Hi everyone, live from the courtroom as an owner of 2 Billion shares, things are going Googles way in court". If that person in the courtroom is short, what do you think he will say "Live from the courtroom as an owner of 2 trillion shares short things are going Vringo way? It is so crazy that the only thing that should be following Live from the courtroom should be ITS SATRUDAY NIGHT LIVE! The ones writing garbage with lies and inaccuracies well call it what it is, someone who is short. I would have more respect for an article written about how Vringo will fall if the person who posted the article actually said I am short, this is my name this is my research. But c'mon... you think that will happen. Why should they not stay anonymous, I am!
You have to ask yourself why you are here in the first place. Was it for the Markman, was it for the SJ, was it for Settlement, was it for jury deliberation or was it for jury verdict? As time goes, you should by now have those questions answered and your game plan should be active. I know why I am here do you? And I know what stage of the game I am waiting for, do you? So if your end game was MSJ decision you should be gone by now, and if you are here for the Jury decision well who cares what the price is right now. Today's price does not reflect what is going on in the courtroom, but more important today's price won't mean diddly once we hear "WE THE JURY FIND THE DEFENDANT..." Man just saying that makes my stomach twitch... People want to call this a crap shoot or compare it to gambling. Well they might be right, but I think putting my money on Stout and Co gives me an edge. I feel like my horse is full of steroids and PED'S and nobody knows nor will they ever find out. That's just me, and I am not selling until Google either shoots my horse, or I am left holding the 1st place trophy.
Yes I know the price is down from a nice high, but did you take any profit? Why not... officers of the company thought it was an attractive price to take some (not all) off the top. If it was good for them, should have been well good for you. And if you did not take profit, well that's ok also, as long as you said to yourself you are waiting for the end of the trial, or a settlement. And if you are waiting for settlement, do not try to figure out what the PPS will be with the "IF THE SETTLEMENT IS FOR THIS, THEN THE PPS WILL AND MUST BE THAT". I mean seriously, how many different scenarios are we going to read with people using the same settlement number? Nobody knows! Nobody knows that the current PPS is or what or how it is currently priced in for a future settlement. NOBODY! If that was the case, then the game would be so easy. How could you or anyone possibly know what the street thinks the settlement will be therefore having the PPS reflect it now? Is that even possible? Does that even makes sense? Do we know what the jurors are thinking? Since when? And if we do, show me the company that figured out Jury Mindset and I will sell all my Vringo shares and invest in that company! But it gets better some people also want you to not only think they know what the Jury is thinking but they want you to think they are the ones that will tell the jury how to decide! How cool is that! Phew!!! I feel so much better.
So here I am providing the world (Zero followers for now) with a Seeking Alpha blog that doesn't talk about numbers, PPS, projections, tomorrow, yesterday, anything! It's a view from a regular investor like you. Someone who doesn't have an inside scoop, someone who doesn't have a friend of a friend who knows someone. A regular guy like you and a regular guy like most of these bloggers, except I am willing to admit it.
Disclosure: I am long VRNG. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
Disclosure: I am long VRNG.