| News: | ||||||
| Nothing to Report | ||||||
| Filings: | ||||||
| Nothing to Report | ||||||
| Trading Commentary: | ||||||
| The sector closed slightly postive today with ACTG lifting the entire | ||||||
| sector. Volume was noticably down in almost everything except ACTG & | ||||||
| BCYP. | ||||||
| There was no news in the sector this morning or pretty much all day. | ||||||
| ACTG continued to trade higher on high volume, closing up $.75 after the | ||||||
| company reported a strong Q2 report. | ||||||
| MARA traded in a tight range closing up another 1% after getting uplisted | ||||||
| onto the Nasdaq. I published a Q2 2014 Earnings preview. | ||||||
| VHC continues to trade lower on average volume as investors continue | ||||||
| to wait for the CAFC to publish an opinion. | ||||||
| Ticker | $CHG | %CHG | Volume | Closing | ||
| Price | ||||||
| ACTG | $ 0.75 | 4.29% | 1,927,500 | $18.24 | ||
| BCYP.OB | $ 0.0075 | 5.77% | 1,521,100 | $0.14 | ||
| CLGL | $ 0.0020 | 14.29% | 46,400 | $0.02 | ||
| COPY.OB | $ (0.0050) | -1.96% | 87,800 | $0.25 | ||
| CRDS | $ (0.06) | -2.06% | 57,400 | $2.85 | ||
| DSS | unch | unch | 76,000 | $1.38 | ||
| EDIG.OB | unch | unch | 114,400 | $0.04 | ||
| ENIP | $ (0.0035) | -18.42% | 147,700 | $0.02 | ||
| INVT (EONC | $ (0.01) | -0.52% | 332,400 | $2.05 | ||
| FNJN.OB | $ (0.07) | -1.98% | 12,000 | $3.35 | ||
| IDCC | $ 0.04 | 0.09% | 248,800 | $44.85 | ||
| MARA.OB | $ 0.15 | 1.25% | 144,400 | $12.15 | ||
| MGT | $ (0.01) | -1.54% | 35,900 | $0.64 | ||
| NTIP | unch | unch | N/A | $2.01 | ||
| OTIV | $ (0.04) | -1.79% | 149,300 | $2.20 | ||
| PCO | $ 0.09 | 6.08% | 111,000 | $1.57 | ||
| PPRO | unch | unch | 400 | $2.90 | ||
| PRKR | $ 0.01 | 0.38% | 554,100 | $1.32 | ||
| PTNT | $ (0.02) | -0.65% | 500 | $3.04 | ||
| RMBS | $ (0.10) | -0.82% | 573,800 | $12.13 | ||
| SITO.OB | $ (0.0200) | -5.81% | 38,000 | $0.41 | ||
| SPEX | $ (0.04) | -2.63% | 459,400 | $1.48 | ||
| STRP | $ (0.13) | -1.31% | 39,900 | $9.80 | ||
| TIVO | $ (0.08) | -0.59% | 750,200 | $13.39 | ||
| TSRA | $ 0.45 | 1.99% | 337,500 | $23.07 | ||
| UPIP | $ (0.04) | -1.99% | 468,900 | $1.97 | ||
| VHC | $ (0.38) | -2.67% | 474,100 | $13.87 | ||
| VRNG | $ (0.02) | -0.61% | 827,000 | $3.25 | ||
| WDDD.OB | $ (0.0120) | -6.86% | 111,000 | $0.16 | ||
| WILN | unch | unch | 72,900 | $3.09 | ||
Monday, July 28, 2014
7/28/2014 Market Wrap
Marathon Patent Group (MARA) Q2 Preview
Marathon Patent Group (MARA) was very active during Q2 2014 and finally completed their objective to be up-listed to a senior exchange in early Q3. I have tracked 31 settlement / case dismissals in Q2 although the company will likely officially report a lower number of agreements as they should fall under the RPX licenses.
CRFD Research (5) - F5 Networks, Verizon, Amazon, Level 3, Cablevision Systems
CyberFone (3) - Konica Minolta, Igenico, UPS
Sampo (4) - Linkedin, Facebook, eBay, Blackboard
Vantage Point (2) - Barnes & Nobles, Wacom Technology
Relay IP (17) - Brocade, Lek Securities, Trading Technologies, CBOE Holdings, FactSet Research, Securities Industry Automation, Bloomberg, Hewlett Packard, Sprint, Extreme Networks, Juniper Networks, Allied Telesis, BT Group, Avaya, Cisco, Enterasys Networks, Transaction Network Services
The revenue and earnings are very difficult to estimate. My opinion is revenue comes in between $3.5 and $4.5M. I also expect the company to report another Non-GAAP profit, which will hopefully top the $1M mark.
I am hopeful the company will hold a conference call to discuss Q2 2014 results and corporate events. I am looking for commentary related to the following:
Opus Analytic scheduled to be released in Q3 2014 per the investor presentation. Looking for a status update and would like it to still be on schedule. I am also looking for commentary on what kind of revenue/profits they are expecting.
Pipeline of patents the company is reviewing and acquiring. The last deal with IPNav brought in Dynamic, Sarif, Andrulis, and Selene Communications. Marathon needs to continue to evaluate and acquire more patents to create a steady stream of monetization opportunities. They need to learn from Acacia's revenue trough "problem" in 2013, which I fully expect they have a plan for.
Any scheduling of Markman hearings and/or trial dates. Vantage Point, CRFD, E2E, Selene, Dynamic, and Signal IP should have a number of significant events over the next 6-12 months.
Conclusion: MARA management has built the business from literally nothing to a profitable NPE in a very short amount of time. The Q2 report should be very good in my opinion as the company executed a solid quarter.
Disclosure: I am long MARA. I have not been compensated to publish this blog entry by any company discussed. All information is based on publicly available information and all opinions/conclusions are my own. This blog entry is only for informational purposes. Please contact a registered financial agent before making any financial decisions.
Please contact me with any questions, corrections, or more information.
email: iphawk@outlook.com twitter: @theiphawk
CRFD Research (5) - F5 Networks, Verizon, Amazon, Level 3, Cablevision Systems
CyberFone (3) - Konica Minolta, Igenico, UPS
Sampo (4) - Linkedin, Facebook, eBay, Blackboard
Vantage Point (2) - Barnes & Nobles, Wacom Technology
Relay IP (17) - Brocade, Lek Securities, Trading Technologies, CBOE Holdings, FactSet Research, Securities Industry Automation, Bloomberg, Hewlett Packard, Sprint, Extreme Networks, Juniper Networks, Allied Telesis, BT Group, Avaya, Cisco, Enterasys Networks, Transaction Network Services
The revenue and earnings are very difficult to estimate. My opinion is revenue comes in between $3.5 and $4.5M. I also expect the company to report another Non-GAAP profit, which will hopefully top the $1M mark.
I am hopeful the company will hold a conference call to discuss Q2 2014 results and corporate events. I am looking for commentary related to the following:
Opus Analytic scheduled to be released in Q3 2014 per the investor presentation. Looking for a status update and would like it to still be on schedule. I am also looking for commentary on what kind of revenue/profits they are expecting.
Pipeline of patents the company is reviewing and acquiring. The last deal with IPNav brought in Dynamic, Sarif, Andrulis, and Selene Communications. Marathon needs to continue to evaluate and acquire more patents to create a steady stream of monetization opportunities. They need to learn from Acacia's revenue trough "problem" in 2013, which I fully expect they have a plan for.
Any scheduling of Markman hearings and/or trial dates. Vantage Point, CRFD, E2E, Selene, Dynamic, and Signal IP should have a number of significant events over the next 6-12 months.
Conclusion: MARA management has built the business from literally nothing to a profitable NPE in a very short amount of time. The Q2 report should be very good in my opinion as the company executed a solid quarter.
Disclosure: I am long MARA. I have not been compensated to publish this blog entry by any company discussed. All information is based on publicly available information and all opinions/conclusions are my own. This blog entry is only for informational purposes. Please contact a registered financial agent before making any financial decisions.
Please contact me with any questions, corrections, or more information.
email: iphawk@outlook.com twitter: @theiphawk
Sunday, July 27, 2014
Total PIPCO Value 07/25/2014
| Ticker | Shares | Market | ||||
| Closing Price | Outstanding | Value | ||||
| 7/25/2014 | 7/25/2014 | 7/25/2014 | ||||
| ACTG | $ 17.49 | 50,062,790 | $ 875,598,197 | |||
| BCYP.OB | $ 0.13 | 210,636,895 | $ 27,382,796 | |||
| CLGL | $ 0.0140 | 3,340,000,000 | $ 46,760,000 | |||
| COPY.OB | $ 0.2550 | 220,392,190 | $ 56,200,008 | |||
| CRDS | $ 2.91 | 15,045,049 | $ 43,781,093 | |||
| DSS | $ 1.38 | 49,503,954 | $ 68,315,457 | |||
| EDIG.OB | $ 0.0390 | 293,328,330 | $ 11,439,805 | |||
| ENIP | $ 0.019 | 44,070,062 | $ 837,331 | |||
| EONC (INVT) | $ 2.06 | 27,136,356 | $ 55,900,893 | |||
| FNJN.OB | $ 3.42 | 22,368,453 | $ 76,500,109 | |||
| IDCC | $ 44.81 | 40,453,401 | $ 1,812,716,899 | |||
| MARA.OB | $ 12.00 | 5,489,593 | $ 65,875,116 | |||
| MGT | $ 0.65 | 9,139,603 | $ 5,940,742 | |||
| NTIP | $ 2.01 | 25,757,982 | $ 51,773,544 | |||
| OTIV | $ 2.24 | 33,148,367 | $ 74,252,342 | |||
| PCO | $ 1.48 | 265,940,686 | $ 393,592,215 | |||
| PPRO | $ 2.90 | 20,741,572 | $ 60,150,559 | |||
| PRKR | $ 1.32 | 96,718,039 | $ 127,667,811 | |||
| PTNT | $ 3.06 | 7,751,952 | $ 23,720,973 | |||
| RMBS | $ 12.23 | 114,384,666 | $ 1,398,924,465 | |||
| SITO.OB | $ 0.435 | 142,728,628 | $ 62,129,772 | |||
| SPEX | $ 1.52 | 35,858,940 | $ 54,505,589 | |||
| STRP | $ 9.93 | 11,795,097 | $ 117,125,313 | |||
| TIVO | $ 13.32 | 120,691,616 | $ 1,607,612,325 | |||
| TSRA | $ 22.62 | 53,463,550 | $ 1,209,345,501 | |||
| UPIP | $ 2.01 | 110,437,198 | $ 221,978,768 | |||
| VHC | $ 14.25 | 51,518,767 | $ 734,142,430 | |||
| VRNG | $ 3.27 | 86,531,094 | $ 282,956,677 | |||
| WDDD.OB | $ 0.1750 | 95,004,838 | $ 16,625,847 | |||
| WILN | $ 3.09 | 120,260,260 | $ 371,604,203 | |||
| Total = | $ 9,955,356,781 | |||||
| 7/18/2014 | $10,198,843,249 | |||||
| Weekly Change | $ (243,486,468) |
Friday, July 25, 2014
7/25/2014 Market Wrap
| News: | ||||
| NTIP announced they were granted a new patent under their COX | ||||
| portfolio | ||||
| Filings: | ||||
| RMBS filed their 10Q | ||||
| Trading Commentary: | ||||
| The sector traded flat today even with the broad markets selling off. | ||||
| ACTG was the clear leader closing up 16.75% and significant volume. I | ||||
| noticed volume in just about everything else was extremely light even | ||||
| for a summer Friday. | ||||
| BCYP continues to trend higher closing up 4% on 4X average volume. | ||||
| Shares have been strong recently after the company announced they | ||||
| were hiring more staff for their core business operations. | ||||
| INVT closed up 5% on below average volume. The stock continues to | ||||
| bottom after consistent selling post-merger. | ||||
| VHC closed down another 2% on light volume. Shares continue to be | ||||
| weak ahead of the pending CAFC opinion. | ||||
| Ticker | $CHG | %CHG | Volume | Closing |
| Price | ||||
| ACTG | $ 2.51 | 16.76% | 1,487,300 | $ 17.49 |
| BCYP.OB | $ 0.0050 | 4.00% | 1,706,300 | $ 0.13 |
| CLGL | unch | unch | N/A | $ 0.0140 |
| COPY.OB | $ 0.0030 | 1.19% | 173,900 | $ 0.2550 |
| CRDS | $ (0.04) | -1.36% | 29,500 | $ 2.91 |
| DSS | $ (0.02) | -1.42% | 34,000 | $ 1.38 |
| EDIG.OB | $ 0.0005 | 1.30% | 21,900 | $ 0.0390 |
| ENIP | $ 0.0038 | 25.00% | 415,200 | $ 0.019 |
| INVT (EONC) | $ 0.10 | 5.14% | 82,300 | $ 2.06 |
| FNJN.OB | $ (0.03) | -0.94% | 31,300 | $ 3.42 |
| IDCC | $ (0.22) | -0.49% | 289,300 | $ 44.81 |
| MARA.OB | $ (0.50) | -4.00% | 207,900 | $ 12.00 |
| MGT | $ (0.01) | -1.17% | 25,400 | $ 0.65 |
| NTIP | unch | unch | N/A | $ 2.01 |
| OTIV | $ (0.01) | -0.44% | 71,500 | $ 2.24 |
| PCO | $ (0.07) | -4.52% | 135,900 | $ 1.48 |
| PPRO | unch | unch | N/A | $ 2.90 |
| PRKR | $ (0.02) | -1.13% | 839,500 | $ 1.32 |
| PTNT | $ (0.04) | -1.29% | 2,400 | $ 3.06 |
| RMBS | $ (0.50) | -3.93% | 782,600 | $ 12.23 |
| SITO.OB | $ 0.0153 | 3.64% | 129,100 | $ 0.435 |
| SPEX | $ (0.01) | -0.65% | 451,600 | $ 1.52 |
| STRP | $ (0.08) | -0.80% | 34,900 | $ 9.93 |
| TIVO | $ (0.29) | -2.13% | 499,200 | $ 13.32 |
| TSRA | $ (0.52) | -2.25% | 231,200 | $ 22.62 |
| UPIP | $ (0.02) | -0.99% | 271,200 | $ 2.01 |
| VHC | $ (0.34) | -2.33% | 323,200 | $ 14.25 |
| VRNG | $ (0.04) | -1.21% | 762,300 | $ 3.27 |
| WDDD.OB | unch | unch | 7,300 | $ 0.1750 |
| WILN | $ (0.02) | -0.64% | 47,200 | $ 3.09 |
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