on January 15, 2015 indicating Marathon's interest in acquiring Spherix in a stock-for-stock transaction valuing Spherix at a 15% premium above the recent market price of Spherix's common stock. After a comprehensive review,
MARA had a stock split Dec 15th and secured a 50 million line of credit in Feb. for the purpose of acquiring additional assets/patents. After one failed offer it would be foolish to think they won't make another offer.. The question is where is the threshold between getting rejected and getting a deal done. A1 for 3 makes sense for MARA
After a failed 1 for 6 a 1 for 3 offer creates a conundrum. It values the shares at 2.30. AH and the board can't dismiss it even if it means the assets are undervalued .
Swilhart importantly people over look the fact the the Rockstar consortium got to use the patents and technology without lawsuits
In case you aren't aware,after the bid to swap stock for SPEX failed ,MARA announced a 50 million term finding deal to acquire additional patents. Since SPEX has the best remaining patents on the planet..think MARA is done trying ?
The Vangaurd group doubled up! Been waiting to see then increase in holders, glad I'm not alone
Not many more valuable patents exist. in the world..and certainly not that have as wide spread possibility.
Huwai and Cisco are the 2 prominent potentail cases. Juniper,Vtech Uniden are secondary.
T mobile,Verizon,and the former T were not going to be big wins so..
Fugitive , I think the cold snow in Maine is also inciting your mood. It's like waiting for Spring. Cooped up inside and watching this stock dribble is enough to drive anyone insane.
Something is going to happen .Mara's interest isn't going away and RPX doesn't want someone else stealing their cheese. As slow as the cases are progrssing things could change in a heartbeat especially with a favorable Markman ruling.
I too wish for more communication but what can Hayes say?? Really?
Here is what RPX means..from an article
Monday night's blockbuster $900 million sale of some 4,000 former Nortel patents by one consortium of tech giants, including Apple and Microsoft, to another alliance of heavyweights, is a dramatic example of a litigation-free alternative for handling intellectual property disputes that is central to the business model of RPX Corp., the San Francisco-based patent aggregator at the center of the deal.
"This is the largest syndicate of its kind, and it proves once again that our clearinghouse approach can transform the patent licensing process from one dominated by prolonged litigation to one that is transparent, scalable, and provides a rational outcome for licensors and licensees alike," said John Amster, co-founder and CEO of RPX (NASDAQ: RPXC).
Nice perspective!! It would mean RPX gets the 12 m back in Dec and the value of their shares .
It would also keep them out of hot water
Century I've been on the side of things stole and it sucks. RPX has to be careful and they dont want to lose control to another company like a MARA. Additionally they have to be comcerned about SEC regs
If RPX buys the patents they ...serve their clients. ....RPX would get payments back from the settlement ( carryover from Rockstar agreement )..... 15 million payment due from SPEX down the road for the patent payments......AND 7 million shares they could sell for more than 35 million
In other words by RPX doing their job it could be an additional boost of over 50 million to their bottom line
Looks to me that the shares are locked up which is probably why the transaction got thru the SEC
What about the percentage of the win money Rockstar, which no longer exists, was supposed to get????
What about the additional payments for the patents owed to Rockstar??
RPX can't sell shares until $5
Could this be a HUGE win???????
RPX, which does deals And has to answer to its own shareholders will win but so will SPEX shareholders.
1.If RPX buys the patents,the shares will go up in value,and if it goes up they can make much of their money back,
2 if RPX sells the shares they won't have an easy time helping their clients as all will go thru further litigation.
3. If RPX decided to buy the company they'd try to purchase another 12 m shares.
4. If RPX tried to mess with SPEX, we now know MARA is a willing bidder and RPX can't take them out.
According to IR SPEX does not yet know of their intent. IMO SPEX has been negotiating with RPX, a company that is known to BUY OUT patent holders.
no one seems to remember that Hayes said on the call, I;m paraphrasing here.. now that AT&T is settled it could be expected to see the same type of outcome withTmobile
I noticed too,especially after purchasing 3000 additional shares at 1.04 before the close. At the time of close there was still a bid at $1.03 of 16.500 shares
Correct me if I'm wrong please but doesn't this mean they've settled? Or at least it's a partial settlement?
Why else would a plaintiff file this motion?