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Originally Posted by ReggieDurango
So the trial's now over. I guess VRNG won, but the amount awarded was low? Shap, what do you think will happen with the stock now?
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Tough to say. This is a really weird stock and company. A lot of bullshit from the looks of it. They won but the result was really low compared to what they were looking for. There seems to be a lot of confusion over the ruling and to whether it's final or not. I don't believe the judge has spoken on it yet.
I sold the day the verdict came out. I made some money on it. I sold because it was obvious once the verdict came out that the risk of VRNG dropping was far greater than the risk of them shooting up. So I took my profit and walked away. It's still in the judges hands and I don't know why he still has yet to address it. At one time it had a potential to be an 8 to $10 stock or more but now I think it could go up to 5 or 6 but not much more than that (based on current result).