In the domain of "assertion licensing", Ipernica (IPR) chases patent-infringement actions, usually on behalf of small operators against big companies. Ipernica's main game is a monster action against telco giant Nortel, alleging it infringed technology rights held by Ipernica. While this is winding its way leisurely through Texan courts, the wait may be worth it: a previous $US28 million ($30.2 million) judgment may rise to $100 million when damages are included.
Criterion favours Slater & Gordon due to its "famous name" brand and revenue flows. But as stock is mainly held by principals, liquidity is tight.
Ipernica is the biggest punt, as much depends on one case.
