Spherix Inc (NASDAQ:SPEX)

CAPS Rating: 1 out of 5

The Company operates via two principal segments, BioSpherix and InfoSpherix. BioSpherix develops proprietary products for commercial applications. InfoSpherix provides contact center information and reservation services for government and industry.

SPEX News and Commentary

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All Players

19 Outperform
38 Underperform
 

All-Star Players

2 Outperform
34 Underperform
 

Wall Street

0 Outperform
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Top SPEX Bull/Bear Pitches

The best Bull and Bear pitches based on recency and number of recommendations.

facwinjeff42 (< 20)
Submitted October 11, 2010

have a good feeling about zzlangerhans' gamble here... hoping for a short-term bump back to the mid-$1s

jed71 (99.84)
Submitted May 10, 2016

Yet another patent firm I don’t think very highly of. I know others have hit this one several times, but it looks to me like it needs another whacking. This one has a tendency of being super-volatile so be careful if you are joining me. I didn’t… More

SPEX VS S&P 500 (SPY)

Recent Community Commentary

Read the most recent pitches from players about SPEX.

Recs

0
Member Avatar SmartAce (99.94) Submitted: 11/15/2017 10:51:49 AM : Underperform Start Price: $1.42 SPEX Score: +11.91

If a tree falls in the woods it usually tries to do that awkward jog to make it look like it didn't trip but it did. It totally did.

Recs

0
Member Avatar DigitalDisco (89.52) Submitted: 5/27/2016 1:42:58 AM : Underperform Start Price: $2.27 SPEX Score: +69.35

Testing a theory that all stocks that undergo a reverse split underperform the market over the next several years.

Recs

2
Member Avatar jed71 (99.84) Submitted: 5/10/2016 12:11:16 PM : Underperform Start Price: $1.89 SPEX Score: +58.99

Yet another patent firm I don’t think very highly of. I know others have hit this one several times, but it looks to me like it needs another whacking. This one has a tendency of being super-volatile so be careful if you are joining me. I didn’t really pay a whole lot of attention to the chart, frankly because I think this is a close to worthless stub as I am able to find in the marketplace.

A bit about the firm:

“We are an intellectual property company that owns patented and unpatented intellectual property. Spherix Incorporated was formed in 1967 as a scientific research company and for much of our history pursued drug development, including through Phase III clinical studies, which were largely discontinued in 2012. In 2012 and 2013, we shifted our focus to being a firm that owns, develops, acquires and monetizes intellectual property assets. Through our acquisitions of 108 patents and patent applications from Rockstar Consortium US, LP ("Rockstar") and acquisition of several hundred patents issued to Harris Corporation as a result of our acquisition of North South Holdings, Inc. ("North South"), we have expanded our activities in wireless communications and telecommunication sectors including antenna technology, Wi-Fi, base station functionality and cellular.”

They’ve been around for a really long time (1967)!!! It looks like they’ve tried several different business plans, and from what I am seeing in their history, they haven’t been very successful in any of them. They have a long historical introduction in the recent 10-K if you want to see more about their travails over the past several years.

It’s obvious on the chart that they have reverse split multiple times in their history. If you go back to May of 2007, the share price after reverse splits is listed at nearly $11,000!!!!! They have about $3.5MM in cash and their free cash burn rate is about $5MM per year. So they have enough for about 9 months, but it’s obvious they are getting close to needing another reverse split and reissue of more shares. This is very, very, very easy points over the long term.

Great going concern statement that EVERY investor should read (and understand):

“We expect that as our business continues to grow we will need additional working capital. If adequate additional debt and/or equity financing is not available on reasonable terms or at all, we may not be able to continue to expand our business or pay our outstanding obligations, and we will have to modify our business plans accordingly. These factors would have a material and adverse effect on our future operating results and our financial condition. If we reach a point where we are unable to raise needed additional funds to continue as a going concern, we will be forced to cease our activities and dissolve the Company. In such an event, we will need to satisfy various creditors and other claimants, severance, lease termination and other dissolution-related obligations and we may not have sufficient funds to pay to our stockholders.”

Leaderboard

Find the members with the highest scoring picks in SPEX.

Score Leader

drfarmertx

drfarmertx (58.02) Score: +149.93

The Score Leader is the player with the highest score across all their picks in SPEX.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
Index
Gain
Score Commentary
DigDeepAnalytics 99.37 12/23/2014 Underperform 5Y $21.09 -93.84% +27.54% +121.38 0 Comment
whatisthepoint 96.96 5/24/2016 Underperform 5Y $3.30 -60.61% +27.54% +88.14 0 Comment
onthewallst 99.91 5/31/2016 Underperform 5Y $2.40 -45.83% +26.10% +71.93 0 Comment
DigitalDisco 89.52 5/27/2016 Underperform 3Y $2.27 -42.73% +26.62% +69.35 1 Comment
mjonesy1985 96.55 3/4/2016 Underperform 3W $2.00 -35.00% +32.95% +67.95 0 Comment
NobleOrSomeBull 99.83 7/7/2016 Underperform 5Y $2.17 -40.09% +26.63% +66.72 0 Comment
raynlaw 99.63 7/27/2016 Underperform 5Y $2.20 -40.91% +22.86% +63.77 0 Comment
Toprope101 99.86 7/18/2016 Underperform 5Y $2.16 -39.82% +22.69% +62.51 0 Comment
TinyCapsWatch 99.91 7/18/2016 Underperform 5Y $2.16 -39.82% +22.65% +62.47 0 Comment
tsperbeck 99.82 8/1/2016 Underperform 5Y $2.16 -39.81% +22.41% +62.23 0 Comment

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