"IMO the SPHERIX PR cannot say anything about Anthony's speech due to a non-disclosure agreement." Joking? Sarcasm?
Except they're broke and there's a strong possibility congress may pass limitations on patent lawsuits this year. Uncertainty is the number one killer of share price. How long is one willing to wait for a speculative stock with this much uncertainty and a big "0" on the balance sheet? It comes down to cost to benefit like everything else, but I see the benefit diminishing here over time.
In the recent past I was much more positive about the potential here, but I feel like management is blowing it now.
For a company that talks so much about wanting to settle cases, compromise, licensing etc. I have yet to see one example of it. Not happy.
Yeah, the glass half full interpretation. I do appreciate all of the information you and others provide here. I am not nearly as positive with the outcome with SPEX as I was a few months back. I have way to many shares and my patience is waning.
These big companies know SPEX is broke and the longer they delay litigation/settlement, their leverage improves. They also know about the potential legislation limiting patent awards etc. When you throw in the RPX scenario there is way too much uncertainty for most stock investors.
Sad to say.. but if nothing positive hits the wires soon, this is going to test the old lows and it's a long way down from here. Plus, the company remains silent and hasn't updated shareholders in a long time.
Though groundhog day has passed, we experience our own groundhog day every day with SPEX. Same trading pattern, relatively same volume, and no communication from the company.
Although they did point out that they were not part of the rockstar settlement, this resulted in the fall of the stock shortly thereafter.
You can believe that and it may appear that way, but the longer this goes on, the possibility of any of these patents being monetized diminishes. They need money now. If MARA makes offers Hayes a sweet deal as an executive or something, I would not be surprised if he jumped at the opportunity.
Can you imagine how exhausting this process has been? I'm exhausted just watching the stock. haha
I'm just thankful they cannot dilute it anymore until the share price is much higher. I have to say the timing of the last sale of shares couldn't have been worse. You had the SP around 3.75 and it dropped like a rock.
I think it may get a temporary pop, but I don't think this will make any kind of serious move until they can show some money on their books. Whatever pop it gets will immediately get shorted as there is no fear in shorting this dog.
I can't see how they can be successful if it takes years from today. They can't issue more shares now and they owe big $$ to Rockstar/RPX. How will they fund all of these cases?
I have to believe at this point the company has nothing positive to report. If they did, we would have heard by now. Also, if there was a settlement pending or any developments involving money, the stock would be going up. People would know about it and the share price would indicate it. People always know in advance with any stock. This stock is no different. They are running out of $$ and the obstacles both legislative and the new situation with RPX does not bode well for SPEX. These mega corporations with deep pockets will push these cases along until pending legislation passes or SPEX is taken out for pennies on the dollar (Vs said value of patents). You have to believe that MARA thinks that SPEX is desperate with the cash burn issues to offer what they did. In terms of share price, it's been lower highs and lower lows. I'm just about ready to give up on this after 10 months. Management has done a very poor job here.