It was over a year ago when I visited this board and found a bunch of dead-beats residing here permanently. They're shameless liars and pretended to know something for real. They accused the company and the management fraud, and actually claimed to be expert on just about everything.
Boy, as I posted then, those resident liars don't really know anything for real. Instead, they're really a bunch of losers in real life, who could not find any meaningful things to do other than spending countless hours and posting endless garbage on this board.
Look what has happened? Everything turned out exactly as I predicted. The company lives on, and there was never any "fraud". The SEC simply made up a bunch of stories. What a big joke that was!
This is truly a piece of junk - a pump-n-dump classic.
Check out STV - the real video on demand, will tons of cash, and making tons of cash. And building a new cloud service.
Looks to me this going to hit $7 in one flush of the toilet.
They never trusted this company's book before, so why now? This is like a disaster waiting to happen. I lost some money today, after winning nicely six day in a row. You just can't pretend to be a flying pig.
Every morning for over a week, I came in to see if it's good idea to short the stock by entering a testing long position from open. That's my way of finding out if it's ok to short this wild thing.
And everyday for the week long, I had a nice profit at the end of the day when I sold out. I have no idea why some big trader is doing this. But as long as I'm making quick profits on the long side, I'm happy.
Who said you need to know "why"? You just ride it with whoever behind this jack-up endless, until it stops working. And then, go short.
As I recall, there was only on "big trader" in this stock for over two years when it was under $3, and the big trader had very tough times to keep it up over $2.
That would suggest to me that the big trader has been jacking up his/her own stock endlessly. That's a very dangerous trading game - those fake big gains will come back to haunt them. After all, you really can't keep such a stock up all by yourself - who is going to take you out? Once this game is over, there will only be sellers.
The USPTO has issued a non-final rejection of certain claims in Vringo (VRNG) patent 6,314,420 (USPTO filing) that were challenged by Google. The patent is one of two Vringo has asserted in Virginia suit against Google
-- latest news
It's a thinly traded stock and no big shareholder would be able to get out without taking down the stock big.
This is still a cyclical business. Once the order stop coming in, the stock tanks and everyone would be trapped. My advice is to take some off table once every week. I don't think the big buyers are really there.
I always had the impression this is a high margin business. But they have been unable to any meaningful money.
And the share count has really gone up from 9.233 mln to 10,806 mln, without counting the fully diluted. This is no longer a "low float" trading game.
I'm not taking big chance this time.
This company's revenues have been very lumpy and unpredictable. It's wonder that they kept the price up. But one more disappointment, this stock could really tank.
Just announced last Friday.
There was no conversion, and there will be no conversion. Because the converting prices are too high - $3.50, and $5 !!
If they really intend to issue new shares, they will drive up the stock first. So, I think it's time to buy, After all those stupid gamblers have lost their shirts.