I say $25.00....do not forget ZTE case! Royalties for all the other companies will also be announced today or tomorrow. Total will be 1 Billion to (VRNG) News will be coming soon. This is a buy and hold at current prices and go long 60 days or so. This is a lot of money for this small company. Factor in a win with ZTE, then (VRNG) market cap will could be as high as 1.5 Billion. Enough money to expand their company. They also did an offering to raise capital around 45 million. Stock is a buy and hold. The longer you hold the better, just be careful on the price swings, as they can be 25% in one day some times.
Sentiment: Strong Buy
I dig the optimism but one thing I don't understand is how the hell will we get ZTE to pay? They're a Chinese company. These Chinese companies rarely pay when sued by US companies. Hell, look at all the Chinese drywall manufacturers getting sued by US lawyers in class action suits and they never pay up. How the hell are we going to collect from a Chinese company? Someone please tell me.
$25 in 30 days?... it only took like a year to get to this point with Goog but I'm sure they've already left a check for say $700M on the VRNGs desk. Look it another way, an investor kind of like you actually has to buy your shares for $25 and also expects to see a return on their investment... if you didn't own the stock and it went from $3.50 to $25 in 30 days would you buy at $25?.. doubt it. Patent litigation isn't going to drive much of a multiple so they'd have to clear around $2.5B in cash to get someone to invest... and only if they had something left in their patent portfolio to generate a return. I could be wrong I guess but seems quite improbable to me.