For years they have posted improved operations reports and/or earnings, had analysts pump there trash, most likely sell on the pump, and leave most investors with the dirty dishes. All you have to do is look at the chart.
They are manipulated trash that only goes up to suck people in. Its no different then inverse funds and notes. They are legal ways to steal from investors.
If they were offered 1.2 billion they would be crazy not to take it. That 4X there current market cap and I doubt if the shareholders would stand for that. With that said the settlement will be closer to 300-500 million, not 1.2 billion. As far as patents go look at RIMM (BBRY). For years they have been talking about there security patents, yet no one even made them a decent offer. If Wall Street thought VRNG had a chance at 1.2 billion with a current 300 million market cap they would never had let VRNG slip to $3.50 a share.
Most of the time that is true, but sometimes not. I know the guy is just pumping with the rumor, but we can dream...Can't we?
Why are they letting THC trade until they can figure out which earnings report is the correct one!!!
Just like I said last Thursday when it was bouncing back and forth above 50. It has support at $47 and $45. If it breaks support at $47, that not so good, but you definitely do not want to break support $44.50-$45.00. Do not see any stopping it after that unless I.M. comes in and buys more...Hopefully Wall Street did not give up on it, if so we may drop to 25-35 PE before it stops...That's to low to think about...Good Luck Everyone!!!
Like I said last Thursday. It will test $45... Should test $45 early in the week. If it holds??? Its time to get back in...If it doesn't it could be bad.