Unlock your restricted shares cause we got a settlement!!!!!! Why else would they file the 8k after hours allowing the release of stock over $4. They got a settlement!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
neurons active at the same time increase the strength of their connection. "Neurons that fire together, wire together. As a result of this process, connections that are required are retained and others are eliminated."
"use it or lose it, or neurons that fire together wire together"
This doesn't mean a settlement is coming. It can mean they feel very confident in their case, it can mean they ware just trying to get investors to buy in (aka act like they have something coming), it can mean they think GOOG will settle, it can mean AAPL comes in and buys them, or it could mean absolutely nothing and just be a way to keep people from selling in the 3's to make the stock go any lower. It means something, we just don't know and won't know what until later. Long via Calls .. .go VRNG!
The shorts have no where to go on this one. Only reason to PAY THE FILING Fee and draft docs is because someone is getting ready to be paid. That happens with greater than $4.00 value. So shorts I would suggest covering before Market opens 9:30 am Tuesday. Hopefully the company is kind and gives you time before your shelling out $15 a share and wiping out your retirement account:)
Folks - Some interesting "takes" on the BOD 8K announcement. I agree it is mostly good, given the $4.25 minimum trigger. However, I wonder why the $30 cap? Why a cap at all? So, if the stock we're to amazingly trade above $30, does that mean they couldn't sell? Or maybe it was a cloaked message implying that management believes $30 per share is within the realm, and if they stated a higher PPS that would have been viewed as wildly delusional.
My take on this is simple and straight forward. Given the Cohn accelerated vesting and this unlock for BOD, I think management is planning on this thing getting to trial and between now and the beginning of trial the stock will trade well north of $4.25 and perhaps considerable higher. Once VRNG successful puts the risk of SJ behind, the PPS should be minimally at new highs (with lots more northern exposure beyond that point).
Don Stout and H. Van Sinclair own VRNG share and are counsel and members of Vringo's legal team knowing inside/out ad no need for waiting for any leak!
Innovate/Protect obtained eight patents covering inventions by Andrew Lang and Donald Kosak from Lycos, and brought together an experienced team including Don Stout, President of NTP, Inc.; H. Van Sinclair, the President and CEO of the RLJ Companies and former partner-in-charge of litigation at Arent Fox LLP; David Cohen, former senior litigation counsel at Nokia; and Dickstein Shapiro LLP, a nationally ranked IP litigation law firm.
Dated: August 29, 2012
In addition, the Board approved the acceleration of certain of Ms. Cohl’s unvested stock option grants with exercise prices between $0.01 and $5.50 which will become fully vested immediately.
On August 25, 2012, the board of directors (the “Board”) of Vringo, Inc. (the “Company”) approved, at the recommendation of the Compensation Committee of the Board, an increase in the base salary of Ellen Cohl, the Company’s Chief Financial Officer,...In addition, the Board approved the acceleration of certain of Ms. Cohl’s unvested stock option grants with exercise prices between $0.01 and $5.50 which will become fully vested immediately.
Dated: August 31, 2012
allowing them to monetize a portion of their equity positions when the market prices of the Company's common stock are between $4.25 and $30.00 per share
On August 31, 2012, Vringo, Inc. (the “Company”) released members of the Board of Directors of the Company (the “Board”), with the exception of Donald E. Stout and H. Van Sinclair, from certain restrictions on sales and other dispositions and public announcement or disclosure which were included in that certain Lock-Up Agreement, dated July 19, 2012 (the “Lock-Up Agreement”),
On August 31, 2012, members of the Board, excluding Donald E. Stout and H. Van Sinclair, began establishing stock trading plans with respect to shares of common stock
Here is a CLEAR example of how ON2 BOD got their bonuses afraidin the RUMOR could've cause them buying ON2 shares at mush HIGHER prices in March or April of 2009?
How can check their bank account when it was done by those from forensic and ... how is it possible for regular ON2 shareholders to get justice when:
On january 27, 2009, instead of March or April, ON2 BOD got their bonuses at minimal price, on the same day based on a rumor Google were supposed to acquire Skype; But Google denied later on. After about two years or so, again yjere were rumore that Google and Facebook were talking, seperately with Skpe founders to buy hit the "wire" again. The price for Google and FB was about $3-4 billion but microsoft, stole Skype from Google, at $8.5 billions, at more than twice of what FB and Google were "fighting" for. Was FB a ploy, for MS to check how much was enough to keep skype founders on its side? Is Vringo today in the similar battle ground, but this time Nokia is replacing FB?
$4.25 to $30 is because some want to be able to BUY after the climb starts and then SELL somewhere along the way, feeling VRNG will not go above $30.
So they can either buy or sell, like you and me, makes cent's to me.