My Thoughts or IMHO

This page last updated: 11 AM EST on Aug 13th, 2016.

Here is a link to my Home Page if that is what you are looking for:

https://vrng24.wordpress.com/2015/04/09/vrng/

Folks,

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)!

vrng24

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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

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