Trading less than cash valueSome basic math and some educated guesswork yields a CASH value much higher than current price for this stock of 6.40 or so.
Cash in bank from past offerings and settlements that have accumulated $170 mill
Recent Settlements cash and periodic payments over the next few years from Marshall Defendants $650 mill
Future payments from the other 240 licensees $300 mill
Future revenue from prospective licensees $300 mill
So even without the Nortel patent licensing that may or may not happen, we are at 1.4 Billion in cash and receivables.
or over $10.00 a share in cash and receivables.
May be a little optimisitic, but not overtly so in my view.
This, of course figures nothing for the ongoing enterprise which has been proven to be a money maker.
Go figure.
Comments?