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Augme Files Appeal In Yahoo Case

|Includes: AABA, Hipcricket, Inc. (HIPPQ)

I see on Pacer.gov that Augme has appealed the Yahoo case. If they didn't think they had a very good chance to win the appeal I doubt they would do it.

In the next month Augme should file Q3 numbers which should put them around a $30M run rate. At a typical buy out average of 10X revenues a valuation around $300M for the mobile side seems reasonable. The IP which could be turning back to positive has zero valuation at this point.

Disclosure: I am long AUGT.OB.