VRNG Maxim Report (VRNG 8-31-12 Maxim.pdf)

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EQUITY RESEARCH COMPANY UPDATE Media August 31, 2012 $3.17 12-Month Target Price: $6.50 52-Week Range: $0.68 - $5.45 Market Cap (MM): $289 Primary Shares O/S (MM): 41.8 Fully Diluted Shares O/S (MM): 91.2 Float (MM): 18.0 Shares Short (MM): 3.8 Avg. Vol. (MM) 3.1 Dividend/Yield: na/na Risk Profile: Speculative Vringo, Inc. Closing Price (08/30/2012): Vringo, Inc.


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