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vitosoranno1

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  • Update: Ditch Vringo On This Pop [View article]

    Hi Vet,

    As to your comment: "Second, based on the Vringo press release .... I presume the settlement only applies to the UK," chances are that there will be no clarification forthcoming since the terms of the settlement will be confidental.

    However, the clarification of whether this is exclusively a UK or an all encompassing settlement will be soon become obvious. If Vringo promptly commences to withdraw from its other lawsuits against ZTE, the settlement is obviously global in nature. If not, the settlement pertains solely to the UK. The value of the settlement will eventually appear in Vringo's financials.

    We'll soon know.

    Cheers!
    .
    May 4, 2015. 04:32 PM | 3 Likes Like |Link to Comment
  • Update: Ditch Vringo On This Pop [View article]

    Vringo's recent financing takes the heat off as it concerns perceptions concerning longevity and burn rate, and thus strengthens the company's negotiating stance with the currently outstanding lawsuits. The terms of the financing are quite favorable as it allows Vringo to pay off the debt with stock rather than cash.

    The $12.5 million infusion also places Vringo in a position whereby it could comfortably institute new lawsuits with potential blockbuster magnitude. One of the many likelihoods is instituting legal action against Facebook and others for infringing one of the Microsoft patents.

    In a nutshell, thanks to the recent financing, Vringo is a stronger force to be reckoned with.

    Cheers!
    .
    May 4, 2015. 04:06 PM | 3 Likes Like |Link to Comment
  • Update: Ditch Vringo On This Pop [View article]
    Hi mg62bk,

    What are the respective dates for:

    http://bit.ly/1EIav0f
    http://bit.ly/1GBVCt7

    I cannot find dates for either.

    The reason I ask is that Vringo's press release of a couple of days ago infers that the case in the UK has evidently been won and that ZTE cannot appeal:

    " A loss at trial in UK High Court which found that EP 1 212 919 (a Vringo SEP) is valid and infringed by ZTE 3G RNCs and 4G LTE eNodeBs, a decision which ZTE has forfeited its right to appeal."

    Yet, the second site that you cite contains an undated pleading by ZTE.

    Thanks.

    Cheers!
    May 1, 2015. 10:26 AM | Likes Like |Link to Comment
  • Update: Ditch Vringo On This Pop [View article]

    Hi Dean,

    Do you know which of the several thousand Nokia patents are involved in the IDC complaint?

    Could it be that the patents involved in the IDC complaint have no bearing on the patents that Vringo conveyed to Vringo?

    Cheers!
    .
    Apr 28, 2015. 12:12 PM | Likes Like |Link to Comment
  • Update: Ditch Vringo On This Pop [View article]

    Hi DD80,

    The business strategies of MARA and VRNG are somewhat different.

    Marathon's strategy has been to continually purchase patents (thus the debt build-up to finance the purchases), and settle for lesser amounts rather than pursue prolonged lawsuits. This produces a stream of income in the form of one time payments and ongoing royalties.

    Vringo's strategy has been to pursue optimized monitization of the patents that it has (i.e. the Lang, Nokia and Microsoft patents) and take a hard line stance in the major lawsuits. There have been some settlements, the terms of which (with the exception of Microsoft) have not generally been disclosed. The assumption may be made that in these instances Vringo did not feel that the eventual payouts were worth further effort. The Google and ZTE lawsuits not only have potentially huge payouts but also pave the path to seeking restitution from a score of other companies. As Vringo's patents wind their way through the various international court systems and gradually secure favorable rulings, the company's negotiating leverage will increase which will lead directly to Vringo’s striking numerous royalty agreements and settlements, and a lucrative ongoing stream of revenue.

    While the yield from Marathon's strategy is relatively immediate and for lesser sums, Vringo's strategy is longer term and entail potentially huge yields.

    In a nutshell, MARA is a singles hitter, and VRNG is a home run hitter.

    Vringo's ASSUS and D-Link actions are currently operating in the shadows with little in the way of meaningful updates or educated guesstimates about their potential value or timing.

    Vringo is scheduled to submit its Writ of Centiori to the Supreme Court by mid-May. Don't be surprised for announcements concerning ASSUS and/or D-Link (perhaps coupled with an announcement concerning another not previously unveiled but highly significant matter) to also be disclosed on or around the time of the submission to the SCOTUS. This could provide the impetus necessary to propel the stock prior to the June redemption date for Vringo's warrants.

    Cheers!
    .
    Apr 26, 2015. 04:03 PM | 3 Likes Like |Link to Comment
  • Update: Ditch Vringo On This Pop [View article]

    Hi mg62bk,

    You suggest that a potential solution to the concern about Vringo's ability to fund the current and new major lawsuits might be financing by Nokia, and you ask: "Would this be a possible scenario?"

    This is a distinct possibility because of Nokia's potential share of the proceeds emanating from Vringo's lawsuits against ZTE, which could amount to more than $250 million. However, Nokia's financing in itself may not be enough to buoy Vringo's stock price above $1.00, a requisite for continued NASDQ listing. And bear in mind that Nokia has no stake in the outcome of the action against Google because it is predicated upon the Lang patents.

    I sense that Vringo's management is as astute as it is hard nosed. And I am confident that the financing and NASDAQ delisting dilemmas will be resolved, either via the scenarios that you and I have identified, or some other approach of which there are several.

    Cheers!
    .
    Apr 24, 2015. 11:08 PM | 4 Likes Like |Link to Comment
  • Update: Ditch Vringo On This Pop [View article]
    As the seemingly never-ending lawsuits crawl on at an agonizingly slow pace, Vringo's diminishing treasury has caused a strategy by ZTE, Google, D-Link, and others to stall the litigation process as well as settlement discussions. The longer it takes to achieve closure, the closer Vringo approaches depletion of its funds. Opponents see this as Vringo's Archilles heel. 

    Should Vringo get a sudden infusion of funds, the oppositions' strategy weakens and Vringo is enabled to act from a position of strength as it institutes new lawsuits, achieves lucrative settlements, and proceeds to go toe-to-toe with the likes of Google and ZTE.

    Just what could provide the much needed source of funds?

    In June 2010, Vringo issued 4,784,000 warrants at an exercise price of $5.06 per share. These warrants are publicly traded and are exercisable for one share of Vringo stock until June 21, 2015, at an exercise price of $5.06 per share.

    Sometime prior to June 21, don't be surprised if Vringo comes out with a flurry of promising news that propels the stock above $5 and causes warrant holders to redeem, giving Vringo a much needed $25 million infusion of funds. The stock price also gets the company out from under the NASDAQ's overhanging threat of delisting because of the duration that the stock has traded below one dollar.

    With a current quarterly "burn rate" approximating $1 million, the question of Vringo's staying power disappears and it truly becomes a force to be reckoned with.

    Is this an unlikely scenario? Maybe so -- but then again I have been in the market for decades and have witnessed many less likely scenarios than this materialize.

    Cheers!
    .
    Apr 24, 2015. 04:14 PM | 3 Likes Like |Link to Comment
  • Update: Ditch Vringo On This Pop [View article]

    Hi mg62bk,

    The prospects of Vringo going after Alcatel (which is being acquired by Nokia) is dependent upon the terms of the agreement between Vringo and Nokia when Vringo acquired hundreds of Nokia's patents. Vringo might be able to sue predicated upon infringement of the Lang patents, but probably not upon infringement of the acquired Nokia patents. I wonder whether Vringo could get in under the wire by instituting an Alcatel lawsuit prior to the acquisition. It all depends upon the terms of the Vringo/Nokia agreement.

    Cheers!
    .
    Apr 22, 2015. 04:48 PM | 2 Likes Like |Link to Comment
  • Update: Ditch Vringo On This Pop [View article]

    Hi DD80,

    Thanks for the heads up.

    Do you know whether any of the Teva related cases that have been remanded back have yet been acted upon by the Court of Appeals? I suspect that Vringo's lawyers are hoping that one or more are acted upon so they could use the ruling(s) to frame their submission to the SCOTUS and subsequently dealing with the Appeals Court.

    Vringo's approach appears to be to move deliberately and aim for an optimum payout. They could likely have settled long ago with Google and ZTE for pennies on the dollar, but the strategy that is unfolding is that they are going for the pot of gold at the end of the rainbow. This takes time (as we all have come to realize), but the payout will be immense.

    Cheers!
    .
    Apr 21, 2015. 10:37 AM | 3 Likes Like |Link to Comment
  • Update: Ditch Vringo On This Pop [View article]

    Hi Rick,

    When I read your statement: "VRNG is lifeless right now," the thought that came to my mind was that I wonder if this is the calm before the storm.

    I began to count Vringo's upcoming potential positive catalysts on one of my hands and ran out of fingers. Can anyone deny that these catalysts exist or that even just a few coming into play will propel the stock?

    As the courtroom sagas d-r-a-g on, the feint of heart and the impatient investors have been chased out, and those astute enough to appreciate Vringo's significant potential, as well as the short players, remain. The shorts have been doing well with the bounces in Vringo's stock fluctuations, and the astute are patiently awaiting the time when their investment becomes a home run. A few, including myself, have been adding to their positions on the dips.

    Unless a magnificent scam is in the making, I continue to view Vringo as an under priced gem with significant upside potential.

    Cheers.
    Apr 19, 2015. 01:22 PM | 5 Likes Like |Link to Comment
  • Update: Ditch Vringo On This Pop [View article]

    Hi mg62bk,

    Thanks for your speculation concerning Kevin's comments.

    We will all be interested in Kevin's first-hand explanation.

    Cheers!
    .
    Apr 14, 2015. 11:56 PM | 2 Likes Like |Link to Comment
  • Update: Ditch Vringo On This Pop [View article]

    Hi Kevin,

    Are you serious in your suggestion that Vringo will not prevail in their lawsuit with Google when you state: "Google Zero"?

    How do you arrive at a forecast of a $150 million settlement with ZTE? The figure appears to be extremely low, especially when you factor in the potential value of both ZTE's infringement as well as the violation of the non-disclosure agreement, past and future royalties, penalties, etc. Does your $150 million forecast factor in the value of these items?

    Cheers!
    .
    Apr 14, 2015. 03:39 PM | 1 Like Like |Link to Comment
  • Update: Ditch Vringo On This Pop [View article]

    Hi DD80,

    It is curious that, according to the District Court Order dated March 15, that Vringo requested that the Court dismiss the D-Link lawsuit on the basis that a settlement has been achieved. Why would Vringo make such a request if the settlement had not been finalized and signed off? If the settlement was agreed to in principal but not finalized and signed off by both parties, shouldn't Vringo have so notified the court along with the request that the court proceedings be rescheduled? I hope that this hasn't been a screw up by Vringo.

    Cheers!
    .
    Apr 14, 2015. 03:24 PM | 3 Likes Like |Link to Comment
  • Vringo's Brazilian injunction against ZTE upheld [View news story]
    Hi mg62bk,

    You continue to provide Vringo followers with numerous relevant links. On behalf of those of us who have found the links of value, thanks and please continue to provide the relevant links as you come across them.

    Cheers!
    .
    Apr 14, 2015. 03:10 PM | 1 Like Like |Link to Comment
  • Update: Ditch Vringo On This Pop [View article]
    Hi mg62bk,

    Thanks for providing a most provocative article.

    With Vringo possessing the rights more than 500 patents, as well as on the brink (during upcoming months) of being awarded sums ranging from a low of $500 million to more than $2 billion from ZTE and Google, one wonders why Vringo, with a $65 billion market cap, is not acquired by the Via Licensing Company.

    One also wonders why Vringo is not being acquired by either Google or ZTE at a price that is a fraction of what these two companies have to loose via the current lawsuits. Both of these companies have retained top law firms to defend them, and their legal fees must be in the tens of millions of dollars.

    But then again, I never could understand when time began or where outer space ends. Or why Vringo, with all its potential, continues to trade at under a dollar.

    Cheers!
    Apr 14, 2015. 11:48 AM | 3 Likes Like |Link to Comment
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