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Paddyboy11

Paddyboy11
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  • Undervalued Vringo's $100M Victory Against Google [View article]
    Thats not what I heard on the conference call last year, but I havent heard them all. So lets take your best case, that it is 15%, we are still saying that only 55% of any judgment flows to net income and is comparable to the market cap.
    Aug 19 01:00 PM | Likes Like |Link to Comment
  • Undervalued Vringo's $100M Victory Against Google [View article]
    Odd to always see the royalty amount compared to the market cap. VRNG has disclosed that their legal agreements promise 20% of any royalty goes to the lawyer as a contingency fee. And of course the royalties are taxable at 35%. So only 52% of any judgment remains as net income. That is the number you should compare to the market cap.
    Aug 19 12:46 PM | 1 Like Like |Link to Comment
  • The NYT's John Broder takes Tesla's (TSLA) Model S up and down the East Coast from Washington on Interstate 95, where the company has installed Supercharger stations 200 miles apart. Things start dandily enough, but then the weather cools, and Broder has to endure freezing feet and white knuckles because he has to turn the heating off to preserve power. Eventually, he needs a tow truck to pick him up because the car runs out of juice[View news story]
    The only reason the taxpayer is subsidizing Tesla is because of the political opposition to a carbon tax, which would be a much more sensible way to allocate the costs of climate change to those who cause it. My guess is that most people complaining about Tesla subsidies also don't want a carbon tax. Or if those people are in the US they may conveniently choose not to 'believe' that gasoline powered cars cause more climate change than electric ones. So we're left with an inefficient incentive, targeted tax subsidies that can be manipulated by those with the most lobbyists.
    Feb 10 04:11 PM | 1 Like Like |Link to Comment
  • Vringo (VRNG -9.9%) closed with losses as investors digested the Google verdict. Equity Brief reports "sources in the Virginia courtroom" (no details on which faction, if any, they support) believe the jury's recommended 3.5% royalty rate would translate into payments of $125M/year until 2016 if upheld. (earlier: I, II, III). [View news story]
    Of course the lawyers get their piece of the future royalties. Otherwise the lawyers would have 0 incentive to go to trial. They would instead just do a pre-trial settlement at any amount so that they could collect their 20%.
    Nov 6 06:33 PM | 1 Like Like |Link to Comment
  • Vringo (VRNG -9.9%) closed with losses as investors digested the Google verdict. Equity Brief reports "sources in the Virginia courtroom" (no details on which faction, if any, they support) believe the jury's recommended 3.5% royalty rate would translate into payments of $125M/year until 2016 if upheld. (earlier: I, II, III). [View news story]
    Vringo current market cap is approximately $300M with enough dilution available to send this to around $400M. You're using old share counts based on the 2Q report, in advance of two equity raises. You're also incorrectly comparing pre-tax, pre-expense REVENUE to a market cap, $125M a year after legal fees and taxes is around $65M per year in NET INCOME. Multiply $65M by 4 years until 2016 and it comes to $260M, which is in line with the current market cap.
    Nov 6 05:41 PM | 1 Like Like |Link to Comment
  • Google Settlement Could Drive Vringo Shares Above $30 [View article]
    1. Other patent cases dont compare to this one, they should have much lower rates than the VRNG case. Because an Iphone or Windows 7 is made up of 1,000s of patents, so if they violate a single one, the royalty rate must be small. But in the case of Google, there's simply not a whole lot there. VRNG could conceivably ask for a 90% damages rate from the courts. This would be pushing it a bit, as Google Search doesnt follow immediately from these patents. But a 20% rate is not an outrageous figure for a court judgment, and so a 10% settlement rate is also not outrageous.

    2. The reverse merger isnt a suspicious move - what do you think IP/Protect is going to do - steal all of VRNG's cash flow and dividend it to themselves? The merger strengthens their negotiation position, allowing them to access capital or at least to convincingly bluff Google that they can keep issuing securities to pay for lawyers. It also convinces their financial backers that they are willing to suffer SEC penalties if they misbehave.
    Jul 23 05:31 PM | 1 Like Like |Link to Comment
  • Endocyte And Vringo Offer Value Addition [View article]
    $67B is the amount of revenue Google has made from the patent, and according to Altucher, treble damages are demanded. This excludes the other defendants (Target, IAC, etc.)
    Apr 18 08:31 PM | Likes Like |Link to Comment
  • Endocyte And Vringo Offer Value Addition [View article]
    The stock rise had zero to do with the company's ringtones catching on and everything to do with its merger with a patent troll firm, that has a court date for a $200B lawsuit against Google. Mark Cuban has publicly said that he bought this stake because of the patent litigation. Great DD bro.
    Apr 18 09:19 AM | 1 Like Like |Link to Comment
  • Premier Exhibitions: Not Too Late To Cash In [View article]
    The worst case scenario is that it sells at appraised value? Are you kidding? What about the scenario where no buyer emerges? Jerry Jones and Steve Wynn would not be allowed to pull the Titanic out of the water and display it on their property. The comparable artifacts you gave as examples are totally different because there is a permanent restriction on use of the Titanic, any owner at auction is signing up for having to spend an indefinite amount of money in perpetuity and to answer to a committee of lawyered-up do-gooders. Anyone who is still amazed by how a boat could have sunk has already seen the movie and had a chance to see the traveling exhibition. So those ships have already sailed. If you want to build an old timey giant ship and have people use it as a hotel or amusement park, go ahead, you dont need the actual brass doorknobs used in 1912.
    Jan 28 03:02 PM | 1 Like Like |Link to Comment
  • A quick look at today's dismal jobs report shows a dramatic slowdown in private-sector hiring to be the main culprit. While public-sector job losses fell to 17K in August from 71K in July, growth in private sector payrolls plummeted to 17K in August from 156K in July. (BLS report)  [View news story]
    Not really. Public sector went from +70K to -17K, a drop of 87K. On a percentage of all public sector jobs this is actually *bigger* than the 139K drop in private sector jobs.
    Sep 2 09:34 AM | Likes Like |Link to Comment
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