News of a merger with Walker Digital Holdings, LLC sent share prices on the penny stock of GlobalOptions Group, Inc. (GLOI) through the roof this morning. Set to form a new company, Patent Properties, Inc., building off of Walker Digital’s patent portfolio, not only caused a spike in GLOI stock, but news that Jay Walker, founder of Priceline.com (PCLN), is set to be the Executive Chairman of the new entity forced traders to jump on board as well. With a significant spike in volume and a new 3 year high in place, it’s hard not to think this is only the beginning.
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GLOI Stock Quote
Market Cap: 21.38M
Last: 3.45 ▲ +1.30 (+60.47%)
Dollar Volume: $912,493
Issued and Outstanding: 6,197,760
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Patent Properties will initially focus on the Automated System for Patents and Tech Transfer which represents a unique opportunity for inventors and patent users, in the U.S. and globally, to find common ground through a functioning marketplace for patent licensing.
Joining Walker at the to-be-formed Patent Properties, Inc. will be Jonathan Ellenthal as Vice-Chairman of the Board and CEO, Gary Greene as CAO, General Counsel and Secretary and Karen Romaine as CFO. Dr. Harvey Schiller, CEO of GlobalOptions and Mr. Jeffrey O. Nyweide will be staying on with the newly formed company who will each get 100,000 shares of Common Stock and 83,334 shares of Common Stock, respectively.
Walker Digital, at the Closing of the Merger at some point in Q3, will be issued 22,666,667 shares of GLOI stock, which shall be comprised of shares of the Registrant’s Common Stock and shares of Series B Preferred Stock resulting in Walker Digital receiving approximately 70.79% of the economic interest calculated on a fully diluted basis. What more could a trader want on a Monday?
Walker, best known as the founder of www.priceline.com, has twice been named by TIME magazine as “one of the top 50 business leaders of the digital age” and currently ranks as the world’s 11th most patented living individual, based on U.S. patent issuances. If that desn’t drive you to want to get a piece of GLOI stock, nothing will.
About GLOI Stock
GlobalOptions, anticipated to be re-named Patent Properties, Inc., intends to develop and commercialize the patent and other intellectual property assets created by Walker Digital, LLC, the research and development lab founded and led by internationally recognized inventor and entrepreneur Jay Walker.
Click here to view the SEC filings for GLOI.
Click here to view the website for Patent Properties.
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Have a look at what Priceline.com’s PCLN did from its IPO date and consider whether GLOI is one of the penny stocks to buy now. If GLOI stock isn’t a good buy at its current price, my name is not Michael Adams. With these two patent procurers merging together to get their 377 granted patents, 94 pending patent applications, intellectual property in development, a de-novo patent licensing business (ASPATT), and 19 active litigation matters under one umbrella, it’s hard to avoid this action.
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