According to Andrew they are pursuing a "big" patent. That sais if it were so big it seems a bigger fish would be even more anxious to scoop them up now. I would think they would share there patent info with prospective buyers? Perhaps Twitter, Facebook, etc have all seen the patent they are attempting to get and it resembled Swiss cheese so they are not worried a single bit.
Unfortunately this has been the case for over a year and it's still dead. Until funds start accumulating I have a hard time believing there is a big move coming.
100 million plus is not unrealistic if you use the Silicon Valley valuation system. If you use the stock market valuation system it's completely absurd. Medl being a public penny stock company with ownership of hang w is killing hangs value. If hang w were completely owned privately it would garner better valuation IMO.
If I had the funds I would at at this level to lower average. No dinero for Medl tho. Need RNN to surprise me so I have a little more money to play with.
I'm glad to see an ask of 15 cents even made it on the board. I'd like to think sellers are drying up but I'm sure a 13 cent ask will end up there today.
in the case of BK how would a judge handle the 75% hang w ownership. It would be easy to justify a worth that far exceeds the 10 million in debt. If forced to sell hang w I wonder what kind of money they could get for their 75% stake.
Should hold us at 12 I hope.
Their silence seems to be speaking volumes. Either a deal is in the works or they are closing up shop. I don't see another alternative.
At this point I really think it's buyout or bust. 20 to 30 million would suffice.
What if any is the next catalyst? Con man stuff seems to have petered out.
Periscope got bought by Twitter. I think they beat everyone to the punch.