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John H. Ford
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For the past 30 years, I have been involved in startups, as a founder, and active investor. My first company was purchased by Johnson & Johnson, which set the foundation for future investments. My level of trading escalated after graduating from college, primarily as a result of my... More
  • NASDAQ Up Listing And Institutional Buying Could Double Finjan's Shareprice 5 comments
    Apr 10, 2014 11:14 AM

    Finjan is extremely undervalued right now, and there's an imminent catalyst that could instantly double the share price; the NASDAQ up listing. As many of my readers remember, Organovo (NYSEMKT:ONVO) went from $3.90 to $13.65 following the company's up listing.

    Best of all, the delay in Finjan's up listing has driven Finjan shares below $6 so I have been an aggressive buyer over the last few days. Once investors realize an up listing is probable, we could see share price appreciation before the up listing.

    But what investors don't realize is that the up listing is not nearly as important as what will happen after the up listing. Once Finjan has a NASDAQ listing, major institutions will be able to accumulate shares. With Finjan's low float, any level of institutional buying could push the shareprice significantly higher.

    The other factor that investors seem to have forgotten is that Finjan could announce a major settlement at any time, given the 5 litigations that are currently underway. Depending upon the magnitude of the settlements, it would not be surprising to see Finjan trading in the $15-$20 range.

    In my opinion Finjan is extremely undervalued at this price level, and with the probability of a NASDAQ up listing, institutional buying, and settlement announcements before the end of this year, the upside potential is large, and downside risk is limited.

    Disclaimer and disclosure: It is probable that the author and his associates have a position in the subject securities consistent with the opinion expressed in this article and they reserve the right to buy and/or sell the securities mentioned in this article, at any time without further notice. For complete disclosure and disclaimer information please click here.

    Disclosure: I am long FNJN.

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Comments (5)
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  • ilanfl
    , contributor
    Comments (71) | Send Message
     
    I just saw this morning that you mentioned the up listing as something that should happen in 1-3 weeks in a stocktalk that you posted exactly 3 weeks ago.

     

    Do you still think it's coming in the upcoming days?
    10 Apr, 04:14 PM Reply Like
  • John H. Ford
    , contributor
    Comments (48) | Send Message
     
    Author’s reply » Yes, the SEC keeps asking for minor changes in the S1, completely insignificant items, but that has delayed things. Everyone is surprised about how long this is taking, but after speaking with the company today, my understanding is that everything is proceeding. First the S1 should go effective, and then the NASDAQ up listing should follow shortly thereafter. I do expect the up listing to occur within 2 weeks, possibly sooner.
    10 Apr, 04:44 PM Reply Like
  • jeckhar2
    , contributor
    Comments (2) | Send Message
     
    Any update on timeframe with the NASDAQ uplisting? Also, is the current price under $5 a great price to double a position at?
    30 Apr, 05:49 PM Reply Like
  • John H. Ford
    , contributor
    Comments (48) | Send Message
     
    Author’s reply » Finjan just took care of the last detail, with S1 going effective, finally. From my understanding, now it's just a matter of the SEC getting around to finalizing the up listing. If the SEC is busy, it could take up to 4 weeks, if not, it could happen any day. Yes, I did buy more at $4.75 and $4.76.
    1 May, 10:36 AM Reply Like
  • Roland Rick Perry
    , contributor
    Comments (78) | Send Message
     
    I'm in !
    1 May, 11:40 PM Reply Like
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