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Spherix Incorporated Message Board

  • investora2z investora2z Jul 24, 2013 6:51 AM Flag

    More info on deals is required

    A recent article on seekingalpha has analyzed Spherix and its short / long-term potential. The positive signs mentioned in the article include the fact that it has the support of astute investors like Hudson Bay and Iroquois Capital. It also mentions the recent acquisition of patents from North South Holdings & Rockstar consortium. Furthermore, it mentions the low float of Spherix as another reason for possible upside. Spherix will soon have a new CEO (Hayes), hundreds of Harris Corporation patents and a Rockstar Consortium portfolio by end of August. It is important to note that the author clearly mentions that he does not own any shares due to the upcoming capital structure changes. He has expressed faith about abilities of the new CEO to monetize the patents. There will be more news about important aspects of the deals, especially the capital structure changes, and also the new CEO's plans to monetize the patents. Hayes is expected to pursue a multitude of patent monetization strategies rather than only the litigation route. Recently an investor had put in $500K in the company at $5 per share, and that could be a reference point. The 222 patents acquired from North South Holdings have applicability in numerous fields like law enforcement communications, military and homeland security, satellite communications, portable electronics, Wi-Fi, microwave and cellular transmission, and solar concentrator technologies, and also cover automated pharmacy ordering practices. It also signed a letter of intent with a major private patent ownership collaboration covering additional areas of telephony and telecommunications technology which is expected to be closed later this year. The next few weeks are likely to be important in determining the short term future of the stock. The movement will squarely depend on the news flow regarding the deals.

0.422-0.038(-8.26%)Jul 2 4:00 PMEDT