Regarding a credit line, secured by the patent portfolio, which will be enough to fund operations until the winnings start pouring in. There are many other options available including selling a portion of the 500+ patent portfolio if need be. Sorry shorts not going to zero, but we do need your money so thanks for that. In the mean time can you drive the stock down to .40 so i can buy another 10k? Thanks in advance.
Before that happens some investor will buy a percentage of the patents for millions. They will then pay vringo to litigate them. There is way too much money at stake. There are 500 patents in the portfolio and many are essential cellular technology. Hundreds of millions in potential revenue and licensing. Zte is only the beginning. THEY WILL WIN. In the mean time Vringo would get needed cash and a bump in pps and the lawsuits will continue. Zte has no option but to settle. There is no way out for them. At these prices vringo is a steal.
I've been buying and selling vrng since before the merger and the lawsuits, back when all they were was a telephone app company. Remember facetones? The share price rises and falls soley on newsworthy events. I believe that in the near future vringo will be awarded a substantial victory which will cause the pps to fly. The stock will be halted and open up considerably higher. Many bears who claim to be shorting large positions will loose big. I cant imagine why anybody would short a .68 cent stock to begin with, but to short 100000 shares as some have claimed is insanity. I have a modest position of 10000 shares at .59. If it goes to zero i'm out 5900. Big deal. But if this stock is halted and opens up 2.00 higher a short position could lose 200,000. Not a wise position. No smart investor would take that position. That is why you should pay no attention to the bottom feeders on this board. They affect nothing.