A nice buy of 10,000 shares at $1.47:
12:36:41 $ 1.47 10,000
Was followed by a phantom tick at $1.39 that doesn't even show up on the Time and Sales Report. While the short interest isn't huge, I think somebody is getting very nervous and they are trying to make you feel the small surge in volume was selling when it was a big buy!
You have to verify the facts for yourself and believe this is a golden opportunity. Don't let manipulators play on your emotions. Someone is trying to keep this down a little longer to cover a short position. Don't give them your shares cheap. In fact, buy more at these prices and force them into a margin call situation and you will see the price skyrocket with their market orders being executed.
No hype here... so much public information that can be verified independently. Bigger blocks are being BOUGHT only to be followed by phantom sales below the Bid. Take advantage of this and load up on all you can under $1.50.
Just 6 months ago:
"Sophos Group and Fortinet have signed a settlement in respect of all outstanding litigation, including respective patent claims the parties had asserted against each other," the statement said. "The settlement was reached through mediation and neither party admitted any liability. In connection with the settlement, Sophos has agreed to make a one-time payment to Fortinet."
Sophos already has a history of settling right before trial. They played out their legal options against Finjan for two reasons:
1) They thought they had a chance to mitigate damages through legal challenges.
2) They were hoping to run out the clock and Finjan would run out of money.
Earlier this month their legal defenses failed and last week Finjan got both a cash injection of $10.2M for issuing preferred shares AND have payments of $10.9M scheduled for the Proofpoint settlement. I highly doubt the trial will take place in September. Especially when they see the amount Blue Coat Systems is going to owe by allowing a jury to decide damages based on the merits.
Sophos has the cash to pay and has momentum in their target markets. They don't need this distraction hanging around and since the judge's decision their market cap has dropped tens of millions of dollars including a 3.2% drop today alone which equates to over $30M loss in market value pushing them under one billion dollars.. A settlement with a known outcome will result in regaining some of this loss and allow their momentum to build back up once more.
Many reasons to settle and no more reasons to drag it out.
How many more catalysts does this stock need before they get noticed by the masses? I don't know, but I have a hunch that between the judge's ruling on Blue Coat Systems and what I feel is an inevitable settling of the Sophos case... This is a double by the fall.
Somebody got about 6,000 at $1.45 this morning. I'm thinking of loading up today, also. I think the judge may use the days off to get the ruling completed on the Blue Coat Systems case. Once it is confirmed that most of the $39.5M verdict stands along with some add-ons for interest and fees... this could take off fast and it might be too late to try to get in on next Tuesday.
Human nature is always fun to observe. The same people who are passing in the $1.40s will be chasing the stock higher and buying up into the $1.80s and kicking themselves for not acting sooner. At some point you have to do your own DD and wealth is made when you get in before the crowd and not by following them.
Sophos is a one BILLION dollar market cap company that appears to be using Finjan patents in many of their products. In the foreseeable future they would be wise to do a win-win licensing deal and not pay out the nose like Blue Coat will be forced to do. They have a fiduciary duty to do the right thing here.
Symantec will stall. Oh well, but the rest of the current litigants should jump on board with a fair licensing deal and I have a hunch some name previously unknown will be a surprise licensee in the near future given the confirmation of the validity of Finjan patents.
=we have not seen anything, and R and D can only take so long
There is no viable product in this space. Even WITH a 30% tax credit. Companies have spent hundreds of millions of dollars in REAL R&D to prove this. Did anybody really think that a husband and wife team with no experience and zero employees was going to actually come up with a viable product?
=he can only do this dance for so long before he will either produce, something or just fade away
The fading away has begun as witnessed by this latest email. Unlike the most recent ones that were filled with outrageously blatant and provable lies, this last one was vague and if you take each statement literally... while complete nonsense, it was not technically a "lie". He has gone from the full-bore scam stage to one where he will quietly fade away and try to avoid lawsuits and/or criminal prosecution.
I correctly called that they would be able to get the price this high one more time. I told you it would not be based on any merits; rather, on manipulations, lies and greed while playing to the most naïve and clueless of traders.
Now he knows the gig is up as we have documented he cannot have a product certified before tax credits expire. An industry that was not viable with 30% tax credits is dead without them. Small wind has limited uses, but is totally a joke in the manner he has stated it could be marketed.
They may have sold all the stock permitted under the agreement with Beaufort. That will be the end of the cash and the end of Sauer Energy.
It really is incredible to read their emails. Their target audience is the totally clueless. He is perpetuating this fantasy:
"In our case, soon after receiving official certification, Sauer will begin commercial sales of what could be the world’s most efficient ‘small wind’ turbine, the WindCutter."
They aren't pursuing "official certification" so technically this statement is not a lie. Dieter is telling you they will never begin sales because they are not on a path to certification. You have seen the PROOF from ATA Engineering that they are not capable of providing certification and you have seen the PROOF from the REAL certification bodies that a requirement is durability testing which takes a minimum of 6 to 12 months to complete. They have not yet begun this process and they could not have anything certified before the tax credits run out at the end of this year.
Of course... that is IF they actually had a prototype which could actually be tested. Which they do not.
Did you notice how Dieter got scared and changed the wording? Now he didn't say they were pursuing certification... he said they would begin sales after being certified. BIG difference.
He did finally get one thing right with his last line:
"You ain’t seen nothing yet!"
You're right, Dieter. We ain't seen nothing yet... and we never will.
A very nice update, indeed! Sophos basically had their defense taken away and I believe strongly we will see another settlement and licensing agreement before trial.
Some may have hoped for more money out of Proofpoint, but $10.9M isn't bad and I agree completely with their mantra of "we want to license the world". All of these amounts add up and they have real business segments in Finjan Mobile and CybeRisk. That is what will create the ongoing revenue and the strong base that will see the market cap rise many multiples from here.
I thought their presentation yesterday went well, but there really wasn't anything new for those already following them.
I am objective and not just a Rah Rah cheerleader so I will say there was a slight shift in how I perceived guidance on CybeRisk. It went from "accretive to earnings" by the end of the year to "revenue neutral". Basically the same thing, but more nuanced now that this is the transition from when the unit will be self-supporting. CybeRisk and then Finjan Mobile will be the drivers in the future and their ability to successfully defend and monetize their intellectual property will pay for it instead of issuing more stock like most companies at this stage do.
This is an incredible opportunity.
Logan... please don't post ONLY positive. Be critical when there is a reason to be critical. Healthy discussion is a good thing.
On a general note... don't ignore people just because they don't agree with you. You will learn more from the contrarians than a mutual admiration society where everybody is patting each other on the back saying how rich they will all be.
On a specific note... unfortunately there are no contrarians here. I would like to have someone negative to debate on the merits and someone who will point out the negatives so proper due diligence may be done.
Good luck to you. I have been doing this for a long time and I believe this one is for real.
They have several licensing agreements in place where they are currently receiving payments and several more being negotiated or in litigation. The $10M licensing deal just announced is a "little" one. They won a $39.5M judgment and the appeals are running out. With 4 years of interest and $7.8M in fees tacked-on, that will be a huge win.
I would have been a little leery if all their revenue was from one-off stuff like lawsuits and licensing. Their two operating divisions are doing well also. Finjan Mobile is coming along nicely with products that incorporate their intellectual property and CybeRisk is getting clients signed and guidance is to have them making a profit by the end of the year.
They have top-notch patents and are in a hot sector. They are doing consulting gigs and getting paid to do risk assessments and their recommendations should turn into ongoing deals to implement the recommendations.
This is their guidance for next year:
"For 2017 we are at $54 million and EPS of $0.85 per share in earnings. Between this and the equity raised from temporary preferred stock, the company is set for cash for the next two years."
Yup. do the math on how that would value them. Institutions own most of the shares and they aren't selling. Always told you to look for the institutional ownership to find the hidden gems.
Everyone is waiting to hear the judge's ruling on how much of the $39.5M judgment will stand and how much will be added on in interest and fees. That is the news that will propel this over $2.
That was a great question, though. They have real business segments that are poised to take off PLUS all of the settlement/judgment/licensing revenue.
The volume was small yesterday at under 100K shares, but we saw those small sales once more and I believe the passive trader was confused by the PR yesterday.
"FINJAN HOLDINGS, INC. Files SEC form 8-K/A, Unregistered Sale of Equity Securities"
I think the novice investor saw the headline and mistakenly believed some type of dilutive private placement of shares was done. The title of the PR is deceiving. It wasn't a new deal. It has the "/A" which told you it was an AMENDED 8-K. All it did was memorialize the closing of the Preferred Shares deal and clarified they were issued to an accredited investor and the deal was therefore not required to be registered.
It was an administrative tidying-up only, but unfortunately some people were confused and sold. Sorry you are going to miss out on the ride, but I am not sorry I got to add to my position with buys from $1.41 - $1.46.
Presentation is this afternoon at investor conference and typically a company would have one on one meetings with key investors throughout the day leading up to their presentation.
I will leave you with one paragraph where they updated guidance after the Proofpoint licensing deal:
"For 2017 we are at $54 million and EPS of $0.85 per share in earnings. Between this and the equity raised from temporary preferred stock, the company is set for cash for the next two years."
Read that slowly and comprehend it. $54M in earnings which equates to 85 cents per share. That is compared to a current market cap barely over $30M. Is it starting to sink in yet? This doesn't even have built into it the very real potential for more settlements and licensing agreements in the near future.
If you're selling because you see something with better potential... share it with me. I would like to do my DD on it. If you are selling because you hold part of the 70,000+ shares of short interest and didn't cover yet and are getting scared... good luck to you.
Able to pick up more at $1.45 and $1.46 today. Can't buy any volume, but I have a nice position taking all of these small bites.
I might fly out to either NY or CA for one of their next two investor conferences. Would like to sit down with them and get a personal take on how they react to some pertinent questions. I never push for "inside information", but I am good at getting general ranges and timetables for implementation and a good feel for whether or not management is on track and confident in executing their business plan.
We will find out the next couple days how good they are at selling themselves one on one to key investors.
Dissemination date is today for the short interest through trades settled by May 13th. It will be interesting to see what the short interest is. I could see someone with limited knowledge of what has been transpiring taking a short interest based on the previous run-up not knowing the fundamentals really are improving that rapidly.
Saw some "interesting" trading activity yesterday and today trying to make the price appear to be dropping. Has only taken extremely mall trades to reset the price much lower.
They present at the investor conference tomorrow afternoon. I would hate to be short at that time. I believe they will have private meetings with key investors during the day tomorrow and you are going to see some volume buy leading into their presentation.
All I know is I would hate to be short now... this company has a very real story that keeps getting better every day and it is poised to rocket much higher with the proper exposure.
By the way... I know the judge is a she. The "s" is going out on one of my older computers. I still prefer that one with Windows 7. Spell-check doesn't catch the missing "s" when it is also a word. "She" became a "he". It is the Bruce Jenner syndrome in reverse.
I don't live and die by every rise and drop on this small volume. When the time is right... the stock should be at around $60M to $75M market cap now and the price will take care of itself.
=$1.13 today on May 3, 2016.
=And hit $1.32 today on May 11, 2016.
=And $1.39 today on May 13, 2016.
=And $1.68 on May 16th, 2016.
And $1.74 on May 23rd.
They have announcements coming up and this is just the "insider" activity by those in the know. With a float of only 6M shares, once the news is disseminated to the masses, this should go over $2. Pulled back to $1.55 close yesterday. Still time to get in. They are presenting at an investor conference in a couple days and this should begin to really take off then.
You could have made over 50% in less than three weeks. Anybody do the research on their own and get in?
This should still be a double at these prices. Do yourself a favor and verify the DD on FNJN.
Their guidance seemed to indicate Blue Coat was determined to exhaust all appeals and take things into 2017. I don't know... I have a feeling that may have changed. I think the only reason the judge's ruling could be taking so long is he was told they are close to an agreement.
I would totally be in favor of licensing deals with everybody even if it meant not "maximizing" the possible revenue from court wins. I think it is very achievable in a year's time to be booking $20M a year in licensing revenues per year and having CybeRisk add another $5M to earnings. With $25M a year in earnings I think it justifies a $200M - $250M market cap. That takes us towards $10/share stock price. Very attainable in my opinion.
I'll be okay with $5/share if Symantec and one or two others drag their cases out to 2018. CybeRisk becoming self-supporting and accretive to earnings by the end of the year is huge. There are some other companies out there trading for pennies on the dollar for what their IP is worth because they don't have the money or know-how to protect and enforce their rights. I also see some strategic acquisitions down the road that will allow them to leverage their talents for even greater returns.
I am still really liking what I see here. I got my last buys in at $1.32 and think I will be adding more at these prices. I see more potential now than the back to last year's $2.80 price and I think buys here will be a double or triple in the foreseeable future.
There has been some very astute observations here. Hope people stick around. There is much more to be done and this is one of those that will be a fun ride. I forgive them for being quiet and getting their options priced at $1.20... lol. They are going full bore now and I think the momentum is sustainable.
=Still very low volume considering the news.
The only people that know "the news" are people who were currently following the company. They need to expand their reach to inject some new blood into the stock.
One of these days the right promoter will get this out to the masses and with the low float it will quickly rise to fair value. 100 share sells knock it down 8 cents. There just isn't enough volume. You have to shake your head at those selling in the $1.10s. Even those selling now knowing the judge's ruling on Blue Coat is coming any day. That is the one that could take this straight to $2.50 - $3.00 if most of the $39.5M stands and fees are added on top of it.
You beat me to it as I have been trying to calculate what a licensing deal might look like.
This could be very nice, indeed! I can't believe people are selling so cheap. The volume still isn't there yet. This should be busting through $2.
I had a dream that Blue Coat was given an opportunity to settle the current judgment and dismiss the second lawsuit if they executed a licensing deal and paid just $15M upfront to retire the preferred shares. That would be sweet.
Excellent assessment. This settlement isn't about one case. It is the logical culmination of the validity of the patents being confirmed over and over. The preferred shares were brilliant. The $5M our financiers will make is peanuts compared to how much these funds are going to save in legal bills and earn in licensing deals.
Should be $2 now with $2.50 possible with the Blue Coat ruling.
EAST PALO ALTO, CA -- (Marketwired) -- 05/23/16 -- Finjan Holdings, Inc. (NASDAQ: FNJN), a cybersecurity company, announced that on May 20, 2016, its subsidiary Finjan, Inc. ("Finjan") and Proofpoint, Inc. agreed to a license to the Finjan global patent portfolio. While a settlement has been agreed to, the case dismissal is pending a final definitive licensing and settlement agreement. The terms of the agreement are expected to be confidential, subject to regulatory requirements.
YES! The validity of the patents is holding up in courts and at the PTAB and they have enough cash now to see through all court activity. More of these lawsuits should begin to settle which is HUGE.
=And the best of the good news isn't even known to the broader markets!
That is the big thing. The institutions and a few savvy individual investors loaded up on some cheap shares. With the low float, this could be a powder keg if it hit the right critical mass and got the attention of more people.
This first investor conference will be interesting to follow. Just takes a few deep pockets to move this over $2 and get it out of the ridiculous range. Then at $2.50 - $3.00 it becomes more fairly valued and we can trade the swings as news moves it up and down.
Some nice buys again this morning and small sales moving it down. 3 steps forward and 2 steps back is fine. We will see higher highs and higher lows as the base keeps getting stronger.
First of three investor conferences and I believe we will get a ruling from the judge in the Blue Coat Systems case. Her schedule has gotten better and I believe she would like to clear it out before Memorial Day.
That isn't even built in as the amounts usually get reduced substantially. Less than $20M and we will go down as that triggers some things with the financing, but more than $20M and we should go up.
You listening, Investor Relations? You need to utilize some PR tricks and get the news disseminated to other people, also. You are just preaching to the choir here and we are all awaiting the judge's ruling. Need more fresh faces to get on board for the run to keep it sustainable.
Very nice. Now that they have all the pieces in place, they are systematically increasing the exposure. A PR two days in a row and new analyst coverage. First of three investor conference in a few days. This is too good of a story to be ignored for long!