Welcome Form Holdings Longs!

Blog last updated at 9 AM on Mar 16th, 2017

What got updated at 9 AM?   IGS filed a lawsuit in SDNY against ViVint. See Section 1 for more info.

gb24jan

   Topics by Section:

Section 1 – Hot Off The Press (Recent News)

Section 2 – Timeline of Events (By Date & By TBD)

Section 3 – Iron Gate Security and other Form Holdings Subsidiaries

Section 4 – Form Holdings New York Office Details

Section 5 – List of Helpful Links

Now, lets get started.

SECTION 1

Hot Off The Press: 

(#) Thursday/16Mar2017: IGS vs Vivint

IGS vs ViVent Doc 1 15Mar2017 SDNY.png

(#) Wednesday/8Mar2017: QS vs Charter Communications & Spectrum-Time Warner

SDNY Time Warner Doc 1 7Mar2017

(#) Monday/27Feb2017: from the FH Homepage news section:

fhpresent.png

(#) Friday/17Feb2017: Case in SDNY btwn QS and Neptune has been dismissed

qsnepsettle

(#) Thursday/16Feb2017: XS opening new location in NY at JFK. Link below:

http://formholdings.com/news

(#) Tuesday/7Feb2017: QS vs Neptune case update:

qsext17

(#) Monday/6Feb2017: Here is the FH 2017 Q1 Investor Presentation:

fh-2017q1-investor-presentation

Blog article on Fli Charge:

http://blogs.barrons.com/techtraderdaily/2017/02/06/flicharge-elegant-solution-to-wires-not-waiting-for-wireless-power/

(#) Friday/3Feb2017: Link to FH News page. FH released a PR on a new acquisition:

http://formholdings.com/news

8k:  https://www.sec.gov/Archives/edgar/data/1410428/000114420417005775/v458330_ex10-1.htm

(#) Monday/23Jan2017: Link to FH news page. FH released PR yesterday with their business plan for 2017.

http://formholdings.com/news

(#) Friday/20Jan2017: FH to ring the bell at NASDAQ on Monday, 23Jan2017;

ringbell

(#) Friday/20Jan2017: SDNY terminated/dismissed the IGS vs Logitech lawsuit as being settled:

IGSLTSETTLE19.png

(#) Thursday/19Jan2017: IGS and Logitech have reached a settlement in principal:

igsltsettle

(#) Thursday/5Jan2017: Pre-Trial Conference moved from 11Jan to 13Feb in the QS vs Neptune lawsuit. See PACER Doc 16 below.

sdny-qs-neptune-doc-16-5jan2017

(#) Thursday/5Jan2017: QS and Neptune discussing settlement. See PACER Doc 15 below.

sdny-pacer-doc-15-qs-v-neptune-4jan2017

(#) Friday/23Dec2016: FH file 8k with SEC. Link below:

https://www.sec.gov/Archives/edgar/data/1410428/000114420416141154/0001144204-16-141154-index.htm

(#) Thursday/15Dec2016: FH files 8k with SEC. Link below:

https://www.sec.gov/Archives/edgar/data/1410428/000114420416139651/v455073_8-k.htm

(#) Thursday/15Dec2016: PACER Docs 8 and 9 filed in the IGS vs Logitech case. Link below:

sdny-logitech-doc-9-15dec2016

sdny-logitech-doc-8-15dec2016

(#) Thursday/1Dec2016: GROUP MOBILE RECEIVES $2 MILLION MINIMUM ORDER COMMITMENT FROM SHARPLOGIXX

http://formholdings.com/news

(#) Monday/28Nov2016: 8k with results of the ASM

https://www.sec.gov/Archives/edgar/data/1410428/000114420416136736/v454026_8k.htm

(#) Friday/25Nov2016: 8k with details on the lawsuit filed by Amiral against XS

https://www.sec.gov/Archives/edgar/data/1410428/000114420416136563/v453910_8k.htm

https://www.sec.gov/Archives/edgar/data/1410428/000114420416136562/v453910_8k.htm

(#) Thursday/17Nov2016: Bernstein bought more shares (Form 4) on 15Nov:

https://www.sec.gov/Archives/edgar/data/1410428/000114420416135245/xslF345X03/v453420_4.xml

(#) Wednesday/16Nov2016: IGS filed lawsuit in SDNY against Logitech. PACER Docs below:

sdny-logitech-doc-7-16nov2016

sdny-logitech-doc-6-16nov2016

sdny-logitech-doc-5-15nov2016

sdny-logitech-doc-4-15nov2016

sdny-logitech-doc-3-15nov2016

sdny-logitech-doc-2-15nov2016

sdny-logitech-doc-1-15nov2016

(#) Tuesday/15Nov2016: Bernstein bought 8k shares. Form 4 below:

https://www.sec.gov/Archives/edgar/data/1410428/000114420416134547/xslF345X03/v453120_4.xml

(#) Tuesday/9Nov2016: FH held their 3rd QTR ER AH. Links below:

10Q: https://www.sec.gov/Archives/edgar/data/1410428/000114420416132791/v451703_10q.htm

8K:

https://www.sec.gov/Archives/edgar/data/1410428/000114420416132787/v452579_ex99-1.htm

(#) Monday/7Nov2016: GROUP MOBILE AND RUGGON ANNOUNCE U.S. MARKET PARTNERSHIP

Link: http://formholdings.com/news

(#) Monday/7Nov2016: FH/QS filed lawsuit in SDNY. PACER Docs below:

sdny-altice-doc-14-21nov2016

sdny-altice-doc-13-17nov2016

sdny-altice-doc-12-7nov2016

sdny-altice-doc-11-7nov2016

sdny-altice-doc-10-7nov2016

sdny-altice-doc-9-7nov2016s

dny-altice-doc-8-7nov2016

sdny-altice-doc-7-4nov2016

sdny-altice-doc-6-4nov2016s

dny-altice-doc-5-4nov2016

sdny-altice-doc-4-4nov2016

sdny-altice-doc-3-4nov2016

sdny-altice-doc-2-4nov2016

sdny-altice-doc-1-4nov2016

(#) Tuesday/1Nov2016: FC update #14 on the IGG page:

https://www.indiegogo.com/projects/fli-charge-charging-has-evolved-phone–2#/updates

(#) Friday/28Oct2016: ASM is 28Nov. Prospectus is out. Link below:

https://www.sec.gov/Archives/edgar/data/1410428/000114420416130009/v451293_424b3.htm

(#) Wednesday/26Oct2016: FH filed 8K, S4 and Form 425 today IRT XS deal

S4:

https://www.sec.gov/Archives/edgar/data/1410428/000114420416129474/v449051_s4a.htm

8K:

https://www.sec.gov/Archives/edgar/data/1410428/000114420416129472/v451220_8-k.htm

Form 425:

https://www.sec.gov/Archives/edgar/data/1410428/000114420416129473/v451220_8-k.htm

(#) Wednesday/19Oct2016:

sdny-lowes-doc-64-19oct2016  (Parties confirm that settlement has been executed)

(#) Monday/17Oct2016: SDNY Pacer Doc 63 in the IGS vs Lowes case.

sdny-pacer-doc-63-igs-v-lowes-14oct2016  (Settlement reached in principal)

(#) Tuesday/4Oct2016:  GROUP MOBILE ANNOUNCES PARTNERSHIP WITH DIGITAL ALLY TO PROVIDE CLOUD SOLUTIONS TO ENTERPRISE CLIENTS Link below:

http://formholdings.com/news

(#) Monday/26Sep2016: GROUP MOBILE ANNOUNCES ENTRANCE INTO BODY WORN CAMERA AND VIDEO SOLUTIONS MARKET Link below:

http://www.nasdaq.com/press-release/group-mobile-announces-entrance-into-body-worn-camera-and-video-solutions-market-20160926-00562

(#) Wednesday/21Sep2016: FH released PR on GM. Link below:

http://m.nasdaq.com/press-release/group-mobile-announces-enhanced-online-technology-platform-20160921-00329

(#) Monday/19Sep2016: Abbe acquired 21,600 shares on 16Sept. Link below:

https://www.sec.gov/Archives/edgar/data/1410428/000114420416124336/xslF345X03/v448977_form4.xml

Friday/16Sep2016:

(#) Abbe acquired 8,300 shares on 15Sept. Link below:

https://www.sec.gov/Archives/edgar/data/1410428/000114420416124182/xslF345X03/v448919_4.xml

(#) Thursday/15Sep2016:

  1. Bernstein acquired 11,430 shares on 12Sept. Link below:

https://www.sec.gov/Archives/edgar/data/1410428/000114420416124014/xslF345X03/v448852_4.xml

  1. Abbe acquired 24,041 shares on 13/14Sept. Link below:

https://www.sec.gov/Archives/edgar/data/1410428/000114420416124015/xslF345X03/v448854_form4.xml

  1. Investors Presentation (8k)

https://www.sec.gov/Archives/edgar/data/1410428/000114420416124034/v448876_ex99-1.htm

(#) Wednesday/14Sep2016:

Perlman acquired 23,250 shares on 12Sept. Link below:

https://www.sec.gov/Archives/edgar/data/1410428/000114420416123811/xslF345X03/v448739_form4.xml

Bernstein acquired 10,700 shares on 12Sept. Link below:

https://www.sec.gov/Archives/edgar/data/1410428/000114420416123812/xslF345X03/v448780_form4.xml

Abbe acquired 152,005 shares on 12Sept. Link below:

https://www.sec.gov/Archives/edgar/data/1410428/000114420416123813/xslF345X03/v448786_4.xml

(#) Tuesday/13Sep2016:

FLI CHARGE PARTNERS WITH TIER-1 AUTO SUPPLIER PAPP PLASTICS & DISTRIBUTING LTD

Link:  http://formholdings.com/news

(#) Monday/12Sept2016:

(a) sdny-pacer-doc-53-qs-v-dtv-12sept2016 (Notice of Patents)

(b) sdny-pacer-doc-52-qs-v-dtv-12sept2016  (QS & DTV Dismissal of Lawsuit)

(c) FH PR on XpresSpa below –

.FORM Holdings Corp.: FORM HOLDINGS PROVIDES UPDATES ON XPRESSPA

New Spa Locations in Dallas/Fort Worth International Airport and Dubai International Airport

XpresSpa’s Acquisition by FORM Holdings Expected to Close in the Fourth Quarter of 2016

NEW YORK – September 12, 2016 – FORM Holdings Corp. (NASDAQ:FH), a diversified holding company focused on acquiring and developing small to mid-market companies with growth potential, today provided an update on its pending acquisition of XpresSpa, the industry-leading luxury airport spa company.

Since announcing the acquisition on August 8, 2016, XpresSpa has strengthened its presence in the United States and around the world by opening its fourth spa location at the Dallas/Fort Worth International Airport (DFW) in Texas and its first spa location at the Dubai International Airport (DXB) in the United Arab Emirates, which is the busiest airport in the world, as measured by international passenger traffic.

XpresSpa Highlights

  • Projected 2016 revenue in excess of $40 million; total revenue for six months ended June 30, 2016 was $20.5 million
  • 2015 full year Store-Level EBITDA[1] of $7.6 million, equal to 20% Store-Level EBITDA and  $3.5 million of Store-Level EBITDA for the six months ended June 30, 2016
  • Approximately three times the number of locations as largest domestic competitor
  • Provided wellness services and products to approximately 900,000 customers in 2015 and growing in 2016
  • New CEO, Ed Jankowski , joined June 2016 with extensive experience in luxury and airport retail to lead future growth (World Duty Free, Godiva, Luxottica, among others)

Industry trends expected to be favorable with airport retail spending projected to grow at 19% CAGR from $4.2 billion in 2015 to $9.9 billion in 2020 according to New Market Research & Micro Market Monitor

XpresSpa Growth Plan

  • Targeting 11%+ Comparable store sales[2] growth for remainder of 2016 and 2017 up from 2.9% in the first half of 2016
  • Increase profitability and EBITDA by reducing corporate overhead
  • In the next 24 months XpresSpa estimates that there will be more than 25 spa locations being offered as formal RFPs by airport retail authorities domestically and additional opportunities internationally and through existing airport relationships
  • Historically, XpresSpa wins 80% of RFPs it has submitted
  • Explore franchise model in secondary and tertiary airports
  • Organically grow through focused menu of spa offerings and retail products

“We’re thrilled to announce that we have opened new spa locations in Dallas and Dubai and are excited to continue to grow the XpresSpa brand and footprint throughout the world,” said Ed Jankowski , CEO of XpresSpa. We look forward to closing this transaction and continuing to work closely with the team at FORM Holdings moving forward.”

Link: http://m.nasdaq.com/press-release/form-holdings-corp-form-holdings-provides-updates-on-xpresspa-20160912-00495

(#) Friday/9Sep2016: Link to latest 8-K and S-4 filed by FH today:

https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001410428&type=&dateb=&owner=include&count=40

https://www.sec.gov/Archives/edgar/data/1410428/000114420416123406/0001144204-16-123406-index.htm

(#) Thursday/8Sept2016:

(#) Friday/26Aug2016:

SDNY Lowes Doc 62 25Aug2016  (Notice of Transcript Availability)

PACER Doc 61 below:

(#) Monday/22Aug2016:

SDNY DTV Doc 51 22Aug2016  (DTV Response to QS Amended Complaint)

(#) Friday/19Aug2016:

SDNY Lowes Doc 60 19Aug2016  (Notice of Transcript Filing)

(#) Thursday/18Aug2016: FH filed Form D today. Link below:

FormHoldingsCorp_D_20160818

(#) Wednesday/17Aug2016: Lowes keeps fighting

SDNY Lowes Doc 58 17Aug2016 (Lowes response to IGS second amended complaint)

(#) Tuesday/16Aug2016: New Seeking Alpha article is out. Link below:

http://seekingalpha.com/article/3999834-breaking-form-holdings-earnings

(#) Monday/15Aug2016: 10Q is out. Link  below:

https://www.sec.gov/Archives/edgar/data/1410428/000114420416119382/0001144204-16-119382-index.htm

  SECTION 2

Timeline of upcoming events in calendar order:

29Nov2016: (SDNY) Response due from defendant (Cablevision) in QS lawsuit. I am not sure however, when Cablevision got served. So this date may be off by a week or more.

7Dec2016: (SDNY) Response due from defendant (Logitech) in IGS lawsuit.  This date may also be off by a week or more since I don’t know when Logitech got served.

TBD (to be determined):

Nothing pending

  SECTION 3

What is the story with Iron Gate Security? Are they a subsidiary of Vringo?:

Name of Subsidiary     Jurisdiction of Incorporation

NewCo*                                 Delaware

Innovate/Protect, Inc.            Delaware

I/P Engine Inc.                       Virginia

Iron Gate Security, Inc.         Delaware

Flicharge

Group Mobile

XpressSpa

Quantum Stream                    Delaware

Vringo Labs, Inc.                    Delaware

Vringo Infrastructure, Inc.      Delaware

Vringo Germany GmbH        Germany

Vringo Ventures, Inc.            Delaware

Vringo Acquisition, Inc.         Delaware

Vringo (Israel), Ltd.               Israel

Link: http://www.vringoip.com/cgi-bin/sec_filings.pl (Page 74 of the 10-K filed on March 16th, 2015)

SECTION 4

New York Office Details

Q: How much is Form Holdings paying for their New York office and for how long

A: Our New York office, which serves as our corporate U.S. office, is located at 780 3rd Avenue, New York, New York. The annual rent for this space is approximately $403,000 and the lease expires in October 2019. We believe that our facilities are adequate to accommodate our business needs.

L: http://www.vringoip.com/cgi-bin/sec_filings.pl (Page 17 of the 10-K filed on March 16th, 2015)

SECTION 5

Helpful links

American Bulls FH Buy/Sell Page:  https://www.americanbulls.com/SignalPage.aspx?lang=en&Ticker=FH

Electronic Trading/Market Maker Roles: http://www.investopedia.com/university/electronictrading/

FinVis: http://www.finviz.com/quote.ashx?t=FH&ty=c&p=d&b=1

NASDAQ Halts:  http://www.nasdaqtrader.com/Trader.aspx?id=Tradehalts

NASDAQ Pre-Market Trades:  http://www.nasdaq.com/symbol/fh/premarket

NASDAQ After-Hours Trades:  http://www.nasdaq.com/symbol/fh/after-hours

NASDAQ Real Time Quotes:  http://www.nasdaq.com/symbol/fh/real-time

Vringo SEC Filings:  http://www.nasdaq.com/symbol/vrng/sec-filings

Vringo Home Page: http://www.vringoip.com/cgi-bin/index.pl

Vringo list of Standard Essential Patents (SEPs): http://www.vringoip.com/documents/FG/vringo/ip/338513_Vringo_Standard_Essential_Patent_List_January_27_2015.pdf

Vringo FRAND Term Sheets (Infrastructure & Subscriber) offer to ZTE: http://www.vringoip.com/documents/FG/vringo/ip/338514_Vringo_Infrastructure_Term_Sheet_January_27_2015.pdf

http://www.vringoip.com/documents/FG/vringo/ip/338515_Vringo_Subscriber_Unit_Term_Sheet_January_27_2015.pdf

International Patent Litigation Guide: http://www.cmslegal.com/relatedsites/patentswithoutborders/Documents/CMS-International-Patent-Litigation-Guide-2013.PDF

Patent Litigation in Europe: http://ftp.zew.de/pub/zew-docs/dp/dp13072.pdf

360.com (Judge Kaplan cases): https://www.law360.com/judges/lewis-a-kaplan/cases

VRNG BATS Exchange: http://www.batstrading.com/edgx/book/VRNG/

VRNG Charts: http://stockcharts.com/h-sc/ui?s=vrng

VRNG Chart & Financial Statistics: http://finviz.com/quote.ashx?t=VRNG&ty=c&ta=1&p=d&b=1

VRNG SEC Filings Correlation to PPS http://www.shortanalytics.com/getsecfiling.php?tsymbol=vrng

VRNG Short Report: http://www.shortanalytics.com/getshortchart.php?tsymbol=vrng

VRNG Short Volume (type VRNG in the symbol block): http://shortvolume.com/

Upcoming Vringo Events: https://www.google.com/finance/events?q=VRNG (ER for example)

InfoMedia Home Page: http://infomedia.co.uk/

Information on Shorting: http://www.contracts-for-difference.com/Borrowing-lending-shares.html

Seeking Alpha VRNG articles: http://seekingalpha.com/symbol/VRNG

Yahoo VRNG Summary Page: http://finance.yahoo.com/q?s=VRNG

ZTE PR Page: http://wwwen.zte.com.cn/en/press_center/

Vet67to82 Blog; Very detailed and highly recommended: http://www.peopleandpicks.com/blog/Vet67to82

Examples of Patent(s) Lawsuits Timelines: http://www.inventionstatistics.com/Duration_of_Patent_Lawsuits_Litigation_Length.html

PatentPlays Petition: https://petitions.whitehouse.gov//petition/order-doj-and-sec-investigate-china-owned-zte-corporation-securities-manipulation-vringo-inc-us-co

Disclaimer: I am currently LONG FH but will day trade catalystic events if possible. BTW, here is my email address if anyone needs to contact me:  vrng24 @ gmail.com

End of BLOG PAGE…

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138 thoughts on “Welcome Form Holdings Longs!

  1. I got the same message from ST that VRNG24 did. And I certainly had way less to offer than he did!! I sometimes wonder if VRNG wants us to quiet down, but a polite email to shareholders is more their style. I find it not a coincidence that so many pro VRNG folks got bumped right after the cat came out of the Dropbox. I also find it suspicious that Sergfro has raised his ugly head again after a long silence after the CAFC debacle. I thought maybe I just had him blocked but there he was yesterday bragging about “getting rid of VRNG24”. That post I see is now deleted.
    I’ve snuck back in (ST is not exactly Fort Knox) and have made one post. IF I’m still welcome tomorrow I would be glad to post docs for you, VRNG24, Joe, as long as they’ll let me. GLTA

    PS Serfro is on match.com. I almost joined just so I could have a little laugh but didn’t think joining would fly at home. If anyone’s a member, look him up, copy and be my friend forever.

    Like

  2. VRNG24, is there anyway for you to set up a donation account of some type for us who would like to help out with your cost in obtaining all those documents?
    Thank you for all you do!!

    Like

  3. Thanks vrng24! You are the man! Special thanks to you for working effortlessly to put out free news for all of us investing in Vringo stock to read. Thanks, thanks and thanks!

    Like

    • I’m sensing a situation in which Z expects 3rd Parties to collude with them in concealing much, if not all, of their past settlement discussions. They may have that secretly arranged between them, and its not out of the realm of possibility.

      They may feel that withholding the information V seeks forces a vacuum in negotiations by presenting no established basis for a FRAND range. If this is true, and it actually comes to that, once again Z may be cutting it’s own throat in that the only remaining submission to the court for considering a FRAND rate is V’s own term sheet which may actually be MORE than “fair & reasonable.”

      Z has already and repeatedly rejected V’s FRAND sheet as being too high, but much of that sentiment may stem from Z viewing V as a patent troll unworthy of cooperation or compromise. After all, they ARE making war to have peace, are they not? This may blow up in their faces.

      The only way this might work against V is if V’s FRAND terms are lower than what Z paid to 3rd parties in the past, which is possible, as Z would be more inclined to pay higher rates with other Chinese companies than they would an American (so-called) “patent troll.”

      I’m on pins & needles waiting to see how THIS turns out. Feedback & contrary opinions welcome.

      Like

  4. VRNG24 I hope you leave this posted up and refer all shareholders from your twitter account here. I am beyond upset with what I read in the proxy materials and we as shareholders need to ensure management is not rewarded again for nothing. I posted this on SA please allow it to be posted here and start a very important discussion. Management took advantage of us once, we cannot allow this again. Thanks (bill)

    All,

    The proxy is out, the shareholder meeting date is still to be set.

    I urge you to all read it and think very deeply about this. I am extremely offended by what this management team is trying to ‘sneak’ in on us after how disappointing their ability to monetize anything has been over 4 years as a shareholder. I am sure you all feel the same way.

    We have funded some very expensive battles, while we seem to have zte on the ropes, and have a decent shot and being remanded with google, to date management has lost 100’s of millions of dollars and not EARNED one cent for us.

    In addition, while many or most of us held through the spike after Jackson ruled, management decided to make themselves millionaires off our backs. We as shareholders took a long term view, they did not. There was vitriol across the boards, some defending some not, until the CAFC ruled and we all saw what management understood and we did not, that there was alot of risk and they didn’t care for the long term, just to ensure they got their payday.

    We now see them in our position, not making alot of money, share price depressed, having sold alot of their position now that there is potential for upside should be in a position where their short sightedness, their decision to put all the risk on us should face the penalty of losing upside. You cannot have it both ways, by authorizing this, we are saying its ok to milk us as shareholders.

    Management has now asked us to AUTHORIZE THE ADDITION OF 20 MIL OPTIONS TO THEM. I ask for what? So that they can raid our pockets again? So that the fact they sold off and made millions while we lost has no bearing? Heads I win tails I win attitude?

    20 million shares on 100 mil outstanding is 20% of this company?! For what? losing us 100’s of millions? Even if the share count is authorized to increase they will have MORE OWNERSHIP AFTER DILUTING THAN THEY DO NOW

    SO WE ARE REWARDING THEM WITH MORE OWNERSHIP OF THIS COMPANY FOR WHAT EXACTLY?

    They DILUTE us and INCREASE THEIR STAKE FOR FREE? THIS SOUNDS LIKE ABSOLUTE SHAREHOLDER ABUSE ONCE AGAIN

    How PERLMAN CAN EVEN TRY TO PULL THIS OFF, SNEAK IT IN IS ONE OF THE WORST EXAMPLES OF LEADERSHIP OF CORPORATE GOVERNANCE I HAVE EVER SEEN.

    I hope ALL OF YOU will vote this part down and show up to the shareholder meeting.

    IF YOU AS MANAGEMENT CHOSE SHORT TERM GREED AND GOT PAID MILLIONS WHILE WE SUFFER PERLMAN, YOU DO NOT DESERVE MORE OF THIS COMPANY WHEN THERE IS LESS RISK AND MORE UPSIDE

    VOTE THE COMP PLAN DOWN PLEASE. FOR ALL OUR SAKE PEOPLE.

    Liked by 1 person

    • Bill,

      Can’t wait to hear what the others have to say. Didn’t Pearlman make $10 Million off of us “little people” once before. Time for him to be buying shares back. Stop skimming from those that have put their life savings in this company!

      Like

      • Troop, I 100% agree, and I think their actions are egregious and bordering on a failure of fiduciary duty by this board. I am curious what the relationships of this board are prior to vrng, are they indeed independent? After agreeing to the past comp plan when the majority of shareholders voted it down (if you exclude insiders and disinterested/those who didn’t vote) to me that is quite scare and bordering on an SEC violation. A good board can dissect the numbers and realize that fact, that when I exclude management and those who abstained most shareholders said no, yet they agreed to the last comp plan.

        No we see them telling us we should agree to potential dilution and a management team that took their chips off the table, when we left ours on, made their millions and NOW when things look pretty good say hell ya we want more, no risk for us, you guys took all the risk and hey we’ll argue we’ve pushed zte to the brink so we deserve to get paid. Well, any smart/rational investor would say hold on, you already got paid, and we were left alone. we PAID YOU MILLIONS OF OUR MONEY for all the risk we assumed and you assumed none…no downside for you Perlman and now you want more upside?

        This company is a management and dilution machine, I hate to say it but after this its beyond ridiculous. I am planning on being in NYC for this meeting, I will be emailing board members directly and I URGE WITH ALL MY HEART ALL SHAREHOLDERS TO DO THE SAME. FOLKS, WE CAN ACCEPT ABUSE OR STAND UP FOR OURSELVES, IF WE IGNORE IT ACCEPT OTHERS ARE ENRICHING THEMSELVES AT YOUR EXPENSE WIN OR LOSE, WHILE WE ONLY WIN IF WE WIN…THIS IS NOT ALIGNMENT.

        I BEG YOU, as someone who is well versed in the market given my professional experience think about this, vote it down and fight back now. They win big, great, let them be paid next year and face the consequences of taking money off the table when we did not (why should they make millions when they failed aug 2014 and 10’s of millions if they succeed?). I am heavily invested here on a personal level and find the actions of management and the board purely repulsive, especially after retail has stood behind them despite their failures when even institutions exited, Use your voice, as a group we have power but only if we choose to not accept this behavior.

        If management want 20 mil shares, well Lang has 3 mil from us, Perlman milions as well. WE BUY SHARES, WHY CAN’T THEY GIVEN THEY HAVE FAILED US AND LOST US 100’S OF MILLIONS TO DATE?

        WHY CAN’T LANG AND PERLMAN PUT SOME OF THOSE MILLIONS BACK IN THE COMPANY FOLKS? REALIZE THIS, THOSE 20 MIL SHARES COULD GO TO FUTURE FUNDING REQUIREMENTS SHOULD GOOG OR ZTE FIND A WAY TO DRAG THIS OUT. Should we be diluting for a management team that has won us NO earnings in 4 years? or save the dilution if they continue to fail?

        Or is it simply the greed of mgmt that they know in the next year they will have a big win, they already made millions now they want 10’s of millions of our backs?

        PLEASE PLEASE PLEASE THINK THIS TIME. I FACED ALOT OF CRITICISM LAST TIME ON THIS SUBJECT, BUT WAS RIGHT, AND I AM RIGHT NO, DO WHAT’S RIGHT FOR US

        MANAGEMENT SHOULD GET PAID AFTER US, NOT REGARDLESS OF US, THAT GAME IS OVER

        I AM LONG AND IF AM CHALLENGED CAN PROVIDE PROOF, THIS IS NOT BASHING BUT 100% FATIGUE FROM MANAGEMENT ABUSE OF US AS RETAIL SHAREHODLRS.

        Liked by 1 person

  5. All, I have been corrected on a few items on SA that I should correct here, apologies for the rant and thanks for VRNG24 for leaving it up as it still addresses some key issues. However I thought it correct to address a few errors I made in assumptions vs fully reading the proxy.

    1. An abstention from voting will be treated as a no vote for all of the items in the proxy. This is typical and it won’t guarantee the proxy won’t be ratified as some are suggesting – I think some are assuming abstention (on other boards) = not voting it is not the same.

    2. PLEASE NOTE – AN ‘ABSTENTION’ does not = NOT VOTING. Not voting is a “NO VOTE”. No votes are not counted, and abstention is a choice on the proxy form, you are effectively saying I am choosing not to make a comment on this one. SO WE STILL NEED TO VOTE ALL.

    3. Comp plan has been requested to be increased to 20 mil from 15.6 million not 20 mil new shares which I stand corrected on. But the issue remains, management (in particular the CEO) do not deserve more compensation when they have achieved nothing to date for shareholders – vote no

    4. In the weeds of the document there was this disclosure which gave me comfort that a concern over a go private was incorrect. -” No Going Private Transaction Notwithstanding the decrease in the number of outstanding shares following the proposed reverse stock split, our Board of Directors does not intend for this transaction to be the first step in a “going private transaction” within the meaning of Rule 13e-3 of the Exchange Act.

    Apologies for reacting without fully reading all. Not as bad as I thought but still issues on comp need to be addressed. We all need to send a message to the board by actually voting no. Not abstention, not choosing not to vote etc.

    GLTA

    Like

  6. I’m sick and tired of management wants to get a raise every year but has done nothing for us shareholders. I’m in this stock for 3 year or more and have lost so much money on options. CAFC messed us up big time for their ignorance. I guess money does really talk. My concern the most this time, is if we get lucky the Supreme Court send the case back to CAFC and I think these guys will try to find away to destroy us again because Google has contributed too much money into politics. I will vote against this time for management compensation unless they prove us they will bring big money in for us. They should freeze their salary as well as their compensation until they can bring in big bucks.

    Like

  7. Yahweh says: ‘Thou Shalt not steal’ (Exodus 20:15). Google and ZTE may well incur the wrath of Yahweh; unless they change course.
    You Sir, shall be immensely rewarded for your efforts.

    Like

  8. that’s it Kaplan…be a good soldier and let ZTE run your courtroom. Does anyone seriously still believe he is going to hit them hard as many have been thinking since this NDA stuff started? It seems to me that Z is running the show and Kaplan could care less about unfortunate longs like us.

    Like

    • I don’t know about that. Kaplan is trying to tie up every loophole. We know that zte will appeal any ruling so Kaplan wants to ensure that every angle for appeal is rock solid for a denial. I’m not surprised by this ruling and frankly I look forward to seeing zte write 12 pages about why they were justified in spoilation, failing to comply, and wasting the courts time. This is going to be painful for zte imo.

      Like

  9. I think you meant to write that Doc 246 was ZTE’s permission to use 12 pages, since Doc 244 was for V…? (Thanks for doing all this great work!)

    Like

    • The original ‘Handwriting -On-The-Wall.’ “You have been examined (tried) and found wanting. Your Kingdom shall be taken from you and divided among others…”

      Like

  10. I don’t mean to sound negative but the only reason I can think of why the stock price is holding around the 0.61 price is because Vringo announcing a reverse split at that price. What’s in it for them? You decide!
    1st. They’re wanting to show damages for the Non Disclosure case and settle if first.
    2nd. They get back 1/2 or more of their shares to sell at a higher price.
    3rd. It will give them a higher price to sell their Stock Options.
    This will allow Cliff and gang to continue using all of its shares holders money to continue putting it in their pockets , Not Ours!!
    So if you think I’m wrong lay it on me. I hate to be negative and I am still bullish on Vringo’s cases going forward. Just not what they are doing to their share holders.
    Dave, aka BlueHawk.

    Like

    • I don’t think anyone holding Vrng stock trust management . They have never done anything for the shareholders and collected a fortune for themselves as we all have seen . What we need is someone like ICHAN to bust their balls and make them see that if it wasn’t for the vrng investors they would be nowhere ! It is way past time for Management to do something positive for the investors ..

      Like

      • Indeed that has been the feeling for a long time by us longs. Nice of them to pump the stock with talk about a ‘dividend’ at some point – how are they going to do that as long as they dilute the shares (or make noise like that)? Oh I know – you get 5 shares for one (but you give up the one) not cool VRNG not cool

        Like

    • I just read through all the comments on the story. Several trusted longs have already posted multiple links to information that the writers missed or were ignorant of. Will be interesting to see if the comments are responded to or are simply ignored. Thanks for your comment.

      Like

  11. Feel free to delet or otherwise use

    The following is a repost, not claiming it prompted coverage but stories coincidently began to appear more often.
    Upon further contemplation, recognizing there is a teachable moment hear, perhaps the opportunity for a demonstration in how we apply the concept of our “FREEDOM OF SPEACH” rights would be to suggest we all cut / paste the links below and forward the following to the major papers / news outlets

    http://bit.ly/1TCEXOX

    (att: para99-103, but also para 118-119 these two should set you off)

    If we do the word will get around a buzzz then they’ll research “V”s story and it will get leggs= a @#$% storm the boys art SEC will be encouraged check it out

    The Wall Street Journal http://www.wsj.com
    The New York Times http://www.nytimes.com
    USA Today http://www.usatoday.com
    The Los Angeles Times Los Angeles Times
    Daily News (New York) http://nydn.us/1CJa86Q
    New York Post http://nypost.com
    The Washington Post http://wapo.st/1CJaaM3
    Chicago Sun-Times chicago.suntimes.com/
    The Denver Post Denverpost.com
    Chicago Tribunewww.chicagotrib…
    The Dallas Morning News http://bit.ly/1CJab2i
    Newsday (New York) http://www.newsday.com
    Houston Chronicle http://www.chron.com
    The Orange County Register http://bit.ly/1CJab2j
    Newark Star-Ledger http://www.nj.com/#/0
    Tampa Bay Times http://www.tampabay.com
    The Plain Dealer (Cleveland)http://plaindealer.com
    The Philadelphia Inquirer/ http://bit.ly/1CJa8n7 Daily News
    Star Tribune (Minneapolis) http://strib.mn/1CJab2k
    The Arizona Republic (Phoenix) http://strib.mn/1CJab2k
    Honolulu Star Advertiser http://bit.ly/1CJab2p
    Las Vegas Review-Journal http://bit.ly/1CJab2s
    The San Diego Union-Tribune http://bit.ly/1CJa8nd
    Boston Globe http://bit.ly/1CJa8ne
    Atlanta Journal-Constitutionht…http://www.ajc.com

    T.V. NEWS
    CNN http://money.cnn.com
    MSNBC http://www.msnbc.com
    HLN http://www.hlntv.com
    Fox Business Network http://fxn.ws/1CJa8nf
    Bloomberg Television http://bloom.bg/1IViTJM
    CNBC http://www.cnbc.com

    Copy the SEC as a courtesy
    SEC…..http://1.usa.gov/1V4srte
    Jul 16, 2015.

    Like

  12. @Vrng24 – just thanks again for all your hard work here and on twitter. You’ve made it very easy for many of us to quickly get an update of what is going on minute by minute. You likely have no idea (regardless of the many thanks you get) of how much your efforts are truly appreciated by all of us in this stock. You diligence and effort are some of the best I have seen (and I have worked in the investment industry). Keep up the great work and thank you very much!

    Like

  13. @ VRNG24…THANKS A TON for all your hard work! How can you manage to keep track with all the cases around the world so neat and so details. Big kudos to you! Is there a website to track the progress of the case in Germany court in ZTE (like our pacer or docket system in the USA)? Your help is greatly appreciated.

    Like

  14. I’ve tried to just move on with Vringo and still be positive but I can’t without concern. Look what just happened to our Court system, Patents, Amendments’ and laws. The case with Google, won with jury and factual findings. If that didn’t work in our own country, What makes Vringo think it should work for Company’s in other Countries like ZTE and others. They probably didn’t have anything in a clause with Microsoft too. There goes another 5% off G to bad. Maybe I’ll feel better tomorrow. Nope, I’m ready for the Proxy vote. They don’t get what they want either and the lawyers can have their 0.32 on the dollar. They didn’t even earn that. Now I’m beginning to feel a little better. ….. Well that didn’t last long.

    Like

  15. VRNG24, I see you are back at it this morning on twitter, updating us on Romania after a very tough day for all us yesterday. Aug 2014 was like getting kicked in the gut, yesterday was like a kick when lying on the ground already numb, so while it hurt, it didn’t hurt as much as I suspected! We are alive, fighting again! Thank you for continuing to update us and taking a great attitude of putting the past behind us and moving forward, there is much to still be positive about here with ZTE and we are certainly undervalued. The only issue is time, and at this stage most of us are so stuck in this stock and have been for years its now a call option – I certainly am in it until we get something from zte – no point in selling at these levels, I won’t add since, everytime I do it goes down, perhaps I am hurting the pps! LOL. Anyways, let’s hope Kaplan sticks it to them soon (before xmas). I don’t forsee much coming from the Maas hearing, it was simply to discuss the motion to seal but that is a bit odd (so perhaps there is more to it?). My only concern with this company is really the time/dilution issues. ZTE still seems to not want to give up and given yesterday’s news will see the pps as leverage, or feel emboldened to continue the fight.

    I would love to see a big / hard ruling by Kaplan followed by an anti trust suit vs google and attack on other SEP patents. Don’t forget, these patents are not ‘software’ they are standard essential hardware – there is no gaming like google achieved. Nokia is known to be the grandfather of mobile development, these are their patents, there is no way out for those infringing, so we do have some level of comfort that the current market cap is well below what the value of the portfolio is worth. However, when Perlman suggests the company is undervalued he 1) Has to realize the market has no trust in his ability to monetize since he’s spent 200 mil plus and achieved nothing 2) Won’t buy the shares himself. Let’s hope that all changes soon but those are our challenges and the potential!

    That’s the world as I see it! Thanks again my friend, we all owe you a great deal of thanks!

    Like

  16. Looks like something is going on really good in the last hour of trading. Stock shot up 28%. Any idea hats happening, is ZTE throwing towel yet., or is it about two newly companies? Hoping for the best for all longs. GOOD LUCK GUYS.

    AZMI.

    Like

  17. Looks like something good happening to VRNG STOCK in the last hour, shot up 28%. Is it ZTE throwing towel? Or is it about 2 new cos. acquired by VRNG.. GOOD LUCK TO ALL LONGS FOLKS. One a cold can of beer and relax for the time being, have fun.

    AZMI.

    Like

  18. WAKE UP AMERICA,
    I ask, what has Vringo done for its Shareholders/Investors? Oh, that’s right, they gave us information that we already knew about. Yes and they did have some settlements. Let’s see, one that comes to my mind is Microsoft. Yep they got a million out of it and said Microsoft could pay 5or7% of what Google pays. Where did that get us? Oh I almost forgot we also picked up some more Patents from them and Nokia. How is that going? Here is what Cliff said in his last update, “In China, ZTE has filed petitions for the re-examination of 33 of Vringo`s Chinese patents. To date, 17 of those patents have been maintained valid, 2 have been maintained valid-in-part, and 13 have been invalidated, and are pending appeal.” I say if they need more capital sell those 13 Patents and don’t make any more deals like that. What’s my next question? Well, let’s start with the Reverse Split? Why, because V wants to keep our stock listed on the Nasdaq. I remember when I first started buying Vringo OTC before the IP came in I had bought my first shares. So we got on the Nasdaq and then the Russell 2000. Our stock soon went at a high of 5.73 a share. So, where did that get us? Oh, that’s right it gave them time to sell their stock options so now they want the same thing again. That’s ok V, you got my wallet now dip in my pockets and take what’s left.
    So, can anyone say anything good so some of us understand what Vringo has done, or is it what they haven’t done. Like protecting their Share Holders!!! CMON, roll up your sleeves V and do what Lee Iacocca said, “LEAD FOLLOW OR GET OUT OF THE WAY” Cliff, Quit pissing in our ear and telling us it’s raining. lets get er done.

    Sorry to be sarcastic but just tired of the way it’s been going.
    Dave, AKA BlueHawk

    Like

  19. You can call this Speculation, Theory, Guessing, Pumping, or whatever you like. However I’ll call it just a comment that could be happing. Going on keep in mind Vringo had a lot of cases going on and kept filling more and at times almost too many on their plate. What’s changed now it’s like they put on the breaks. Why?

    If we all look back when Vringo had information confirming ZTE, Google and others were manipulating V’s Stock Price. That was a criminal act and the Feds were involved too, and I’m sure the Federal Trades Commission was listening also. Since the settlement with ZTE was just An IP infringement case and was settled. Vringo hasn’t filed any new cases. Would you if your stock was still being manipulated? I believe that some are going to be paying Vringo and us Share Holders a lot of money sometime soon.

    That’s what I think is happing now and I’m thinking news will come out soon. I would sure hate to be a shorter and not have reported it.
    Well that my two cents worth.

    Dave, “AKA BlueHawk”

    Like

  20. Great write-up, I’m regular visitor of one’s website, maintain up the nice operate, and It is going to be a regular visitor for a long time.

    Like

  21. I just like the valuable info you provide on your articles. I will bookmark your blog and take a look at once more right here regularly. I am fairly certain I¡¯ll learn plenty of new stuff proper right here! Best of luck for the following!

    Like

  22. Considerations worth noting re: Exprespa

    1. Wellness is a trend, unlike other trends that come and go this trend is in its infancy & Exprespa is on the leading edge with products & services that are in growing demand.
    2. Massage & Reflexology are ancient forms of treatment. Application of various types oils also ancient form of treatment. These methods of treatment are much more popular in other countries & cultures were just catching up.
    3. One needs to be aware that the medical community as well as the insurance industry have now coded massage theropy as a least evasive & less expensive form of treatmen. They are also beginning to recognize aroma theropy though I don’t believe it’s been coded.Coded = insurance recognize various forms of treatment by a number so the medical community cas be very specific in billing.
    4. In the US massage therapists are licensed by the individual states. The number of hours of instruction vary from state to state. Presently NJ requires 500 hours while NY requires 1000 hours. Notably, other states 47 of them a range of hours between 500-1000. While 3 have no requirement. Nation wide these requirements are being upgraded as a result of the codeing & medical recognition of effectiveness.
    5. Canada requires 2000 hours of training and is recognized by medical community & insurance industry.
    6. The NCBMBT Nationl Certification Board of Massage and Bodywork Theropy are increasing there recomendations to the states re: hour requirements. COMTA Commission on the Massage Theropy Association serves as a national accrediting service for schools private&public setting high programatic standards for programmatic / educational classroom/lab requirements. Very stringent. Schools that are approved by both of these organizations insures students they have received a quality education.
    7. In this country we have become dependent on drugs. It is true they have there place but we’ve all heard the side effects in the commercials. While massage theropy, reflexology, aroma theropy are ancient applications the Wellness trend seeks least evasive / expensive to (when necessary) more aggressive treatments.

    So what’s my interpretation Exprespa is on the leading edge. In locations where when one is stuck between flights, when one its tired , stiff and Akye might be tempted to get a massage, tempted to pick up a little gift for a family member. Massage therapy is rapidly shedding a loose reputation as reflected in enforcement, more stringent educational licensing requirements & medical recognition of effectiveness, insurance coding. There in airports now & will expand to other locations. The name will gain greater recognition which in time my encourage expanding locations outside of the airports. No pump,as justified by the above but it seems to me Fh is on sale today.

    Like

  23. I’m sad to hear that had to sell. I wish you all the best. You have been a great asset to us and appreciate all that you have done

    Like

  24. I wish the best for you and your family. We will remember always all great info you gave us during those years. Many thanks and good luck.
    Leo

    Like

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