Vringo beat Google and received the best outcome of 30 mil. and 3.5% royalties until patent expiration. If they told you this morning this outcome you would be overjoyed.
What we saw was an avalanche of poor reporting with only a scattered few sites getting the award correct. In point of fact many characterized it as a 30 mil award only when vringo expected 400/500 mil.
What this did was allow shorts to cover enmasse. If I was a conspiracy believer I'd say there was a coordinated effort at misinformation.
We will see tomorrow what the truth is because they won't be able to stop the truth of the award.
Agreed. Also, if you go to the VRNG website they do not state what the dollar amount would be for the future royalties because they don't know themselves (until it comes from the judge). This explains why the stock is going sideways - nobody has any facts on the REAL payload yet.