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Vertical Computer Systems Inc. Message Board

  • oracle1child oracle1child Aug 18, 2014 9:25 AM Flag

    Was the Interwoven settlement designed to save face for HP?

    Why would it take 3 months, after announcing a settlement, to finalize it? Also, did everyone notice, in the 2 days leading up to and the day (June 27) of HP announcing a resolution in the shareholder lawsuit, that 6,508,511 shares of VCSY were bought? The share price went rapidly up from just over 3 cents to 4.5 cents in just two days!

    Was Portuno right yet again when he said in early June, “Now we wait for the Morrical settlement”? I believe that the NDA contained a provision for VCSY to be paid when HP gets their due from those responsible in selling a bill of goods to HP. That way, HP can pay VCSY in another way and not have it appear that they bought IP that they did not have a right to. Three months to finalize a settlement, then just 3 weeks later the sharp share activity in the 2 days leading up to HP announcing a settlement with Morrical shareholder lawsuit. How else can it make sense?

    I believe that by the end of the year .03 per share will look REAL CHEAP in the rearview mirror. Will there ever be another opportunity to average down?

    imo

    Sentiment: Strong Buy

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VCSY
0.0260.000(0.00%)May 27 3:56 PMEDT