IV officially not in trouble, ish!

That didn’t take tool long. IV’s VP of Finance responded to Joff Wild at IAM Blog with what looks like a sensible explanation of the valuation given whilst at the same time, as of course any fund would, staying on the right side of their investors. http://www.iam-magazine.com/blog/Detail.aspx?g=509b4e21-db03-48d4-b5fd-de10cbf81f64

“The method UTIMCO has chosen to use in this reporting is not the measure we believe captures the value of our business. We don’t believe that our current cash flow, which we projected would be negative for many years as we build up our patent portfolios, signals that we are declining in value. To the contrary, given the bulk of our spending is on patent development, that spending is driving the growth in our value.” 

PR is a key part of IVs business. Creating wealth (or trying to) like a troll without looking like one seems like quite a delicate balance.  Quite a rapid reply  from IV but it would seem to be too early to judge whether this version of trolling pays or not.