Probably continues to trade flat to lower until it can demonstrate the ability to monetize the second wave of patents. I don't think any deals with Tier 1 Retailers will get anyone too excited until a clear path to future revenue is involved . Might be some potential for upside if they get a beneficial ruling in the arbitration with IV.
It is not much unlike investing in a startup right now in that while future financials might be very handsome, there is a huge range as to what they could look like. That being said, the cash on the balance sheet is nice in they can fund operations for many many years whereas most startups have to continually raise capital.
IMO, it depends on who the "tier 1" retailer is and what they are doing with them. The 2nd wave deal should make things interesting, and my guess is others will follow nicely after the first, especially if it is a large enough player. Startups don't have the established bedrock footprint either and that revenue base! I agree that things look like they may be quiet for a bit longer than some would like, but once we start seeing the things we know are coming, ............we should get our share of sonic booms! Until then, zzzzzzzzzzzzzz!