Anybody else invested or following the VRNG vs GOOG trial? - GoFuckYourself.com

Shap · 10-18-2012, 12:53 PM

I went in heavy on VRNG in the spring. Trial started this week. The stock has been on a real roller coaster. Anybody else invested in it? Or following the trial?

Shap · 10-18-2012, 01:01 PM

It's a fascinating story and trial.

This is the story that got VRNG really rolling.
http://techcrunch.com/2012/03/31/why...be-going-to-0/
VRNG acquired Lykos' search patents and is now suing Google.

Shortly after this story Mark Cuban bought 7% of VRNG.

A few months ago they also bought 22mil worth of Nokia patents.

Trial started this week. If VRNG wins the stock could soar. If they lose it goes to nothing.

Fun ride so far.

AdultEUhost · 10-18-2012, 01:03 PM

I am not holding any shares in either but interesting case for sure

Shap · 10-18-2012, 01:04 PM

Quote:

Originally Posted by AdultEUhost

I am not holding any shares in either but interesting case for sure

Yeah with huge implications for patent holders

AdultEUhost · 10-18-2012, 01:14 PM

Quote:

Originally Posted by Shap

http://techcrunch.com/2012/03/31/why...be-going-to-0/

Great read, didn't know of that article before, must have missed it on tc

ReggieDurango · 10-18-2012, 02:29 PM

Daaaang I wanna buy in! 4.15 per share right now.. what price did you buy at Shap? Under $1??? If they lose the trial you said stock could go to zero... but if they win how high do you see it going potentially?

jimmycooper · 10-18-2012, 03:10 PM

Sounds like it could also be another Rambus.

http://seekingalpha.com/article/1430...next-27-bagger

Be careful.

Heavy Mainstream News Coverage (ie, a bunch of casual investors )
+
Market Cap of only $241M (that's below the generally percieved small cap threshold of $300M)
=
Hedge Fund Traders Dream

This thing will be manipulated more than 18 year old slut in Chatsworth. If you decide that you're going to go long and that you're going to stay with it throughout the trial because you've done your due diligence and truly believe that they're going to win, stick with your conviction, wait it out and take everything you read on the boards with a grain of salt because the bashers and pumpers will be out in full force. Swarming.

I'd also suggest buying a put contract for every few hundred or so shares to hedge yourself. They can also be kind of fun to trade on news if you're into that type of thing. It does look like that's where the money is going.

https://www.google.com/finance/optio...DAD6jg0gHE aQ

I have some experience trading stocks with similar catalyst based type movement, so shoot me an email if you have any questions about anything. Sounds like it will be a fun ride!

CT-Content · 10-18-2012, 04:25 PM

Quote:

Originally Posted by Shap

I went in heavy on VRNG in the spring. Trial started this week. The stock has been on a real roller coaster. Anybody else invested in it? Or following the trial?

Surprised you're interested in a law suit driven stock. What's your sell stop?

ReggieDurango · 11-06-2012, 03:36 PM

Quote:

Originally Posted by Shap

Trial started this week. If VRNG wins the stock could soar. If they lose it goes to nothing.

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?

Wilsy · 11-06-2012, 03:47 PM

Shap I hear you are in London now??

arock10 · 11-06-2012, 04:12 PM

fucking patent trolls

Markul · 11-06-2012, 04:21 PM

Interesting read. Thanks for sharing.

Shap · 11-09-2012, 02:25 PM

Quote:

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?

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).

Shap · 11-09-2012, 02:27 PM

Quote:

Originally Posted by ReggieDurango

Daaaang I wanna buy in! 4.15 per share right now.. what price did you buy at Shap? Under $1??? If they lose the trial you said stock could go to zero... but if they win how high do you see it going potentially?

I got in low $3. So when it dropped after verdict and came down to mid threes that was the sign it was time to take profit and get out. Sorry I didn't get back sooner on this. Probably for the better.

Shap · 11-09-2012, 02:30 PM

Quote:

Originally Posted by arock10

fucking patent trolls

I agree. The only difference with VRNG than let's say an Acacia is that one of the main players at VRNG was the CTO of Lycos and the man responsible for the patents and formula that made Lycos. It seems he did not have a chance to get his hands back on his patents until now. You can't fault a guy for forward thinking, patenting his method and then wanting to get paid for what he helped build.

That said this was a chance for the judge and jury to set a precident and put an end to the foolishness that tech companies are doing right now. Apple suing Samsung etc. The patent system definitely needs to be brought up to date with the times.

Shap · 11-09-2012, 02:32 PM

Quote:

Originally Posted by jimmycooper

Sounds like it could also be another Rambus.

http://seekingalpha.com/article/1430...next-27-bagger

Be careful.

Heavy Mainstream News Coverage (ie, a bunch of casual investors )
+
Market Cap of only $241M (that's below the generally percieved small cap threshold of $300M)
=
Hedge Fund Traders Dream

This thing will be manipulated more than 18 year old slut in Chatsworth. If you decide that you're going to go long and that you're going to stay with it throughout the trial because you've done your due diligence and truly believe that they're going to win, stick with your conviction, wait it out and take everything you read on the boards with a grain of salt because the bashers and pumpers will be out in full force. Swarming.

I'd also suggest buying a put contract for every few hundred or so shares to hedge yourself. They can also be kind of fun to trade on news if you're into that type of thing. It does look like that's where the money is going.

https://www.google.com/finance/optio...DAD6jg0gHE aQ

I have some experience trading stocks with similar catalyst based type movement, so shoot me an email if you have any questions about anything. Sounds like it will be a fun ride!

Very well said. That is exactly what has happened in the past 2 or 3 weeks. It has been manipulated like crazy.

Shap · 11-09-2012, 02:32 PM

Quote:

Originally Posted by JdiAndy

Shap I hear you are in London now??

Yes sir!! Sure am.

ReggieDurango · 11-17-2012, 05:56 PM

Quote:

Originally Posted by Shap

I don't believe the judge has spoken on it yet.
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).

Has the judge addressed it yet?
It's hard to find the latest news on this on google.

Shap · 11-22-2012, 02:26 AM

Quote:

Originally Posted by ReggieDurango

Has the judge addressed it yet?
It's hard to find the latest news on this on google.

Looks like he did yesterday. I'm not sure if that's final or not yet. Again no pop. Really odd.

Shap · 01-29-2014, 07:06 AM

it took a while and i've long sold this stock but it popped huge after hours last night.

10-18-2012, 12:53 PM	#1
Shap Confirmed User Industry Role: Join Date: May 2001 Posts: 8,313	Anybody else invested or following the VRNG vs GOOG trial? I went in heavy on VRNG in the spring. Trial started this week. The stock has been on a real roller coaster. Anybody else invested in it? Or following the trial?

10-18-2012, 01:03 PM	#3
AdultEUhost ORLY? Industry Role: Join Date: Oct 2005 Location: NL & US Posts: 2,579	I am not holding any shares in either but interesting case for sure __________________ ICQ: 267-443-722 / leon [at] adulteuhost [dotcom] Nominated for an XBIZ Award as "Webhost of the Year" in 2007, 2012, 2013 and 2014

10-18-2012, 03:10 PM	#7
jimmycooper Confirmed User Industry Role: Join Date: May 2010 Location: Manhattan Posts: 4,016	Sounds like it could also be another Rambus. http://seekingalpha.com/article/1430...next-27-bagger Be careful. Heavy Mainstream News Coverage (ie, a bunch of casual investors ) + Market Cap of only $241M (that's below the generally percieved small cap threshold of $300M) = Hedge Fund Traders Dream This thing will be manipulated more than 18 year old slut in Chatsworth. If you decide that you're going to go long and that you're going to stay with it throughout the trial because you've done your due diligence and truly believe that they're going to win, stick with your conviction, wait it out and take everything you read on the boards with a grain of salt because the bashers and pumpers will be out in full force. Swarming. I'd also suggest buying a put contract for every few hundred or so shares to hedge yourself. They can also be kind of fun to trade on news if you're into that type of thing. It does look like that's where the money is going. https://www.google.com/finance/optio...DAD6jg0gHE aQ I have some experience trading stocks with similar catalyst based type movement, so shoot me an email if you have any questions about anything. Sounds like it will be a fun ride! __________________ Last edited by jimmycooper; 10-18-2012 at 03:13 PM..

11-06-2012, 03:47 PM	#10
Wilsy Confirmed User Industry Role: Join Date: Oct 2009 Location: UK Posts: 1,865	Shap I hear you are in London now?? __________________ Affiliate Manager

11-06-2012, 04:12 PM	#11
arock10 Confirmed User Join Date: Jan 2006 Posts: 6,218	fucking patent trolls __________________ Sup

10-18-2012, 01:01 PM	#2
Shap Confirmed User Industry Role: Join Date: May 2001 Posts: 8,313	It's a fascinating story and trial. This is the story that got VRNG really rolling. http://techcrunch.com/2012/03/31/why...be-going-to-0/ VRNG acquired Lykos' search patents and is now suing Google. Shortly after this story Mark Cuban bought 7% of VRNG. A few months ago they also bought 22mil worth of Nokia patents. Trial started this week. If VRNG wins the stock could soar. If they lose it goes to nothing. Fun ride so far.

10-18-2012, 02:29 PM	#6
ReggieDurango Confirmed User Industry Role: Join Date: Nov 2007 Location: California Posts: 4,756	Daaaang I wanna buy in! 4.15 per share right now.. what price did you buy at Shap? Under $1??? If they lose the trial you said stock could go to zero... but if they win how high do you see it going potentially?

11-06-2012, 04:21 PM	#12
Markul Likes Pie Industry Role: Join Date: Dec 2007 Location: The land that liberated porn Posts: 12,401	Interesting read. Thanks for sharing.

01-29-2014, 07:06 AM	#20
Shap Confirmed User Industry Role: Join Date: May 2001 Posts: 8,313	it took a while and i've long sold this stock but it popped huge after hours last night.