This page last updated: 11 AM EST on Aug 13th, 2016.
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I am going to try and keep my main page factual and free of speculation. So, I am creating this page to post some of my thoughts on what has happened, is happening, or scheduled to happen. Please keep in mind that these are my interpretations of events and my thoughts. Do not buy, sell, or take any action on information based on this page. This is simply an attempt to share my thoughts with the rest of you. Here goes:
MY THOUGHTS ON:
ZTE/NDA/SDNY: WE GOT SCREWED! PLAIN AND SIMPLE!!
21.5 million lump sum and that is it! Vringo was running out of money and ZTE said “we will continue to fight this as long as possible in every court in every country”. Vringo took the best deal it possibly could. ZTE is as over as Google.
DirecTV/AT&T: LOOKS LIKE D/A HAS DECIDED TO FIGHT!
I originally thought we would see a settlement, but D/A responded with a very strongly worded counterclaim and now we in ensconced in yet another legal battle against a titan. My hope is that we settle within 3 months with them. Hope to see at least a 7 – 10 million dollar payment up front for past and current infringement with at least 2 – 5 million a year in royalty fees going forward.
Cash On-hand: ENOUGH FOR 3 MORE YEARS!
As of Aug 8th, the company has around 24 million in cash. Burn rate is roughly 3/4 million per month. That gives them enough money to last approx. 2.5 more years. Money should not be an issue for at least the next 18 months.
Lowes versus IGS: WE WILL SETTLE!
IMHO, we will settle with Lowes for around 100 – 150K by the end of Oct if not sooner. I know Lowes is fighting the suit right now, but the odds are stacked against them.
fliCharge: WE WILL SEE REVENUE!
But how much remains to be seen. They are making some inroads with auto and furniture manufacturers, but not enough. Hopefully the new President of the company (Cliff W.) will make a difference. Also, looks like Vringo spent 4 – 5 million on the company in Oct – Dec 2105. Hope it makes a difference!
Group Mobile: Looks like a winner!
Anticipate bringing in at least 2 mil in Q2 and possibly a lot more by the end of the year. FH says 50mil+ in the long run. Hope so!
Thanks for reading and LETS MAKE SOME MONEY (or at least get some of our losses back)!