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Internet Patents Corporation Message Board

  • laughter_in_the_dark laughter_in_the_dark Apr 23, 2014 6:00 PM Flag

    irs audit of ptnt completed with no change to 2011 tax return

    this should be a strong positive to ptnt as i understand it--tho some things are rather baffling:
    1) 8-k filing is dated & available after hours today, april 23rd, even tho it states that ptnt received the information from the irs on april 10th.
    2) in the time between receiving & disclosing this information, ptnt stock has declined around 10%
    3) the stock traded 65k shares today (over triple av daily volume) & continued to decline.
    i bought in at 3.05 and 3.06 & would hope to see the stock recover that 10% loss tomorrow.
    i like their large cash hoard, low burn rate, & interesting trove of patents to monetize.
    we'll see...

2.910.00(0.00%)Sep 21 3:54 PMEDT