What else are they going to do their backs are up against a wall, and have to do something, and do it fast, because if they lose they could be on the hook for over $350m+.
VRNG would accept a buyout at $10.00 share in a heartbeat. That would be a huge win for them and for shareholders. It is highly unlikely that a settlement will yield $10/sh as that would mean a total settlement of $1.3 - 1.4 billion (not happening) and if this goes to trial a win by VRNG might move the stock price up a buck or two, but no more because of expected mistrial and appeal filings that would follow from GOOG.
There's upside here which is why I'm long, but people who think this going to $15.00 plus need to stop believing everthing they read and do a little fundamental analysis
Because some of the pros have said in the past few weeks that they might be better off to just buy the company then to settle with them if it looks like they are losing the fight, the pros said that an offer could be as high as 12.00+, but knowing how crooked and manipulating and cheap GOOG has been in the past. You just know they will try to make the lowest offer they can.
After the crap they pulled with financials they would be laughed out of the room with a ten dollar offer.
IMO they would have anyway. 20 dollars is the price that might close a deal before trial. Anything less that that would be absurd. I would suggest this as an alternative..... 25.00 per share for all future patent rights for any patents currently held by VRINGO. This would settle the matter at hand and in return VRINGO would not suit them again in the next couple years over inellectual property they currently own.
This would cover any royalties and would give them absolution moving ahead.
Anyone have any thoughts on this type of proposal/??