I agree, my main concerns were their burn rate and how much cash they had on hand. They said they have enough cash to last thru 2015, which gives them ample time to see the Google and ZTE suits end in a favorable decision for VRNG. I was disappointed however, they didn't address the financials of their agreement with ADT. Nonetheless, I feel much more confident in VRNG than I did yesterday.
how can u be a public company and sign a non discloser agreement? that violates fair disclosure laws...lawyers....don't forget these guys are lawyers and they sold at 5...they are in a different place than shareholders..imho
I agree, this stock will be over $10 once the appeals are ruled upon..I dont believe that Goog has a chance of reversing this Judge or the jury......There would have to be a major mishap for that to happen.
I also believe that there is enough cash, as they said, for two years....the only expenses are the legal fees for the attorneys, most of whom are on Vrng's payroll...Some are outsiders....$35 million should well cover those costs and more.....All we have to do is wait...but I'll wait for a 100% double in the price...!