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So the ask price for this stock will be $172,250 this morning when that 1 for 250 RS takes effect at the bell??
ROFLMAO!! Any buyers out there??
Your correct,showing the EFFECTIVE date as tomorrow or midnight tonight. Usually nothing good ever comes from one of these,just an excuse to dilute again.
no, not today. look at the notice.
Nope,today.....already happened. Watch the destruction begin....
PCOA: effective August 1,2018 a one for 250 reverse split:
http://otce.finra.org/DLSymbolNameChanges
PCO changed to PCOA and delisted from the Nasdaq to the OTC: (PPS dropped from $740 to $634)
http://otce.finra.org/DLAdditions
Looks like PCO redeemed 2.4 million shares @ $6.55 from an investor and will be doing a 1 for 100 reverse split.
I've stayed patiently long with pendrell. Breakout could be brewing here.
PCO gets a SA nod:
Pendrell Corporation (PCO)
Probably my favorite net-net opportunity today, Pendrell Corp. presents a unique situation which offers low downside and considerable upside. Pendrell, formerly ICO Global Communications, is a company which engages in the business of licensing and selling intellectual property. The company generates revenue by licensing their inventions to other companies, or filing lawsuits against companies who, they believe, have infringed upon their patents. Although it trades at a price/NNWC of only about 85%, Pendrell saw positive cash flow last quarter due to the licensing of memory and storage patents to Toshiba Corporation (OTCPK:TOSYY). In addition to the IP business, Pendrell is sitting on a large sum of cash, about $170 million, which they hope to use for a strategic acquisition or partnership in order to provide them with more reliable cash flow and greater potential for growth. Pendrell's plan is to acquire a business through which they can monetize over $2.5 billion worth of net operating losses (NOLs). If Pendrell can manage to monetize this asset, we can expect the share price to appreciate considerably. Austin Newsom has written a couple of great articles summarizing the investment thesis.
http://seekingalpha.com/article/4007109-exploring-grahams-net-net-working-capital-strategy-part-3-first-6-months
PCO is my 3rd favorite 'net-net' behind #1 DNAI and #2 VSTM.
I'm staying long until we head towards $1 or above.
.08 eps for Q2 and .10 eps at 6 months. Hardcash around .65. Just don't see numbers like this very often. Added a bunch at open in low .60's.
http://secfilings.nasdaq.com/filingFrameset.asp?FilingID=11500367&RcvdDate=7/22/2016&CoName=PENDRELL%20CORP&FormType=10-Q&View=html
8K filed approving the R/S. Could be anyday now and I see it as a positive.
http://ih.advfn.com/p.php?pid=nmona&article=71940538&symbol=PCO
Thanks for sharing. I am still long on pendrell and more than happier to wait this one out.
PCO - detailed seekingalpha article:
http://seekingalpha.com/article/3986607-pendrell-tossed-still-plenty-puffs-left-cigar-butt
Enter 1st position @ .53 and thought this was interesting:
Mente, L.L.C.(8)
1,912,080 * 9,300,000 17.3 % 12.6 %
(8) Based on a Schedule 13G/A filed with the SEC on February 14, 2011, wherein Mente, L.L.C. reported all common stock held may be deemed to be beneficially owned by William H. Gates, III as the sole member of Mente, L.L.C. The address of Mente, L.L.C. is 2365 Carillon Point, Kirkland, Washington 98033.
http://secfilings.nasdaq.com/filingFrameset.asp?FilingID=11439577&RcvdDate=6/10/2016&CoName=PENDRELL%20CORP&FormType=DEF%2014A&View=html
Wonder if William will vote his shares yea for the R/S?
Market for Our Class B Common Stock
There is no established trading market for our Class B common stock, of which we have 53,660,000 shares outstanding with two holders of record. Each share of Class B common stock is convertible at any time at the option of its holder into one share of Class A common stock.
Total O/S = 268M / $167M Hardcash = .62 per share.
You are cordially invited to attend the 2016 Annual Meeting of Shareholders (the “Annual Meeting”) of Pendrell Corporation, a Washington corporation (the “Company” or “Pendrell”). The meeting will be held on Thursday, July 7, 2016, at 10:00 a.m. local time at The Woodmark Hotel, 1200 Carillon Point, Kirkland, WA 98033. At the meeting, shareholders will be asked to:
3. approve a reverse stock split within a range of 1-for-3 and 1-for-10, which ratio will be selected at the sole discretion of our Board of Directors at any whole number in the foregoing range (the “Reverse Stock Split”);
On November 5, 2015, we received a letter from NASDAQ indicating that the bid price of our Class A Stock for 30 consecutive trading days had closed below the minimum $1.00 per share required for continued listing under NASDAQ Listing Rule 5450(a)(1). NASDAQ provided an initial period of 180 calendar days, or until May 3, 2016, for us to regain compliance. We did not regain compliance with NASDAQ Listing Rule 5450(a)(1) by May 3, 2016. We therefore requested, and NASDAQ granted, an additional 180 days to achieve compliance. We qualified for this extension by meeting NASDAQ’s continued listing requirement for market value of publicly held shares and all other initial listing standards for The NASDAQ Capital Market, with the exception of the bid price requirement, and we provided NASDAQ with written notice of our intention to cure the deficiency.
I'm guessing they approve an R/S on Thursday next week and the higher the ratio the better as to reduce the O/S as much as possible while attempting to retain their Naz listing. I see a very well maintained Balance Sheet. On high watch.
they have annual meeting on 7/7/16. r/s is on the agenda
Just saw this cashfat stock and reading the 10K right now, any particular items I should be scanning for?
Also, what are you guys thoughts on MSN now trading down to 1/3 cash?
PCO still holding/yet moving really slow
I thought I was the only who noticed.
little bull run continuing to at least sixty..
some indies > http://stockcharts.com/h-sc/ui?s=PCO&p=D&b=5&g=0&id=p97147425729
8day/av crossing above the 34 > http://stockcharts.com/h-sc/ui?s=PCO&p=D&b=5&g=0&id=p60930783457
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Pendrell finally making the rebound I was expecting.
My $1 target hasn't changed.
Not a good at market timing but tax loss selling should be completed over the next 2 weeks.
That said, the recent loss in the apple trial didn't help early buyers like me.
Whats projected for next 3 months to make this stock pop
I think pendrell easily hurdles $1 once tax loss selling is complete.
Nice to see pendrell above .70. Expect higher prices in the short term.
Pendrell looks very interesting under .70. Not sure if we have bottomed but I wouldn't be surprised if we head north on a snap back rally.
In addition, lack of messages makes me bullish.
just read this today (Pendrell news) -
03/06/2014 –Pendrell Corporation – Class A (NASDAQ:PCO) 81 New Patents Gives It Strong Royalty Pipeline (see..
http://www.nismagazine.com/investors-watch-pendrell-corporation-class-a-and-transglobe-energy-corporation-usa/1218873/
Just added to Patent Stock Review Watch List.
==================================================
Patent Stock Review
2. Adding Pendrell Corp (PCO) $1.52 to Watch List.
Okay, we’ll be honest and say we really don’t know too much about this company or even when they were officially “born.”
However with six members of its management team having been named among the world's Top 300 IP Strategists worldwide by IAM Magazine -- in both 2012 and 2013 - and $191 million in the bank (as of 9/30) and a $1.50 stock price, which is down from a recent high of $2.70 all we can say is:
“WHAT THE !!!”
We’re going to be all over this like a cheap suit. And nobody knows about it. And Craig McCaw is the Chairman. For the Love of God, how in the world did this fall into the cracks of cheap stock obscurity?
Chart: http://patentstockreview.us5.list-manage2.com/track/click?u=0fddb0a3ca3b21f6caa9620e3&id=20f6367ef4&e=768be42d59
Analyst Opinion: N/A http://patentstockreview.us5.list-manage2.com/track/click?u=0fddb0a3ca3b21f6caa9620e3&id=b32061bef0&e=768be42d59 (no underwriting, no interest it seems)
Yahoo Message Board: Doesn’t exist.
iHub Message Board: 16 posts.
If you type Vringo (a lovely company) in Google you'll get 511,000 results. VirnetX gets 265,000. Acacia 1,240,000.
Pendrell Corp = 23,000. Even we beat that, with Roland Rick Perry getting 1,290,000 results lol ( http://patentstockreview.us5.list-manage.com/track/click?u=0fddb0a3ca3b21f6caa9620e3&id=303750b7b7&e=768be42d59 )
This is a major find. Thanks to Patent News (link to his alert below) for being first kid on the block.
They did present at the Stephens Conference NY in June of 2013 - but with no underwriting needs (we presume) it’s hard to get coverage. Guess if the company has a failing, it would be neglecting to reach out to the retail investor. Some companies think they’re “above that.” Their loss, our gain (for those new to the party that is). We’ll find you even if you don’t court is with paid research and the like. It’s just quicker if they work with analysts for hire. Just sayin.
Here’s a good place to start your due diligence.
Proxy Statement (Annual Meeting June 14th, 2013).
http://patentstockreview.us5.list-manage1.com/track/click?u=0fddb0a3ca3b21f6caa9620e3&id=c68d2f1a73&e=768be42d59
And take a peak at this Management team and Board, it’s non-ending:
Board:
http://patentstockreview.us5.list-manage.com/track/click?u=0fddb0a3ca3b21f6caa9620e3&id=b86a08c99b&e=768be42d59
Management:
http://patentstockreview.us5.list-manage.com/track/click?u=0fddb0a3ca3b21f6caa9620e3&id=663a04f304&e=768be42d59
Powerpoints and Presentations: http://patentstockreview.us5.list-manage.com/track/click?u=0fddb0a3ca3b21f6caa9620e3&id=ad66ee628e&e=768be42d59
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3. Pendrell Corp (PCO), Nokia Partnership And Lawsuits Against Apple, Amazon, Huawei And Motorola (SA).
Pendrell Corp. (PCO) is a debt free company with a number of valuable IP and other operating practicing entity businesses which we believe are undervalued, giving this stock potential multi-bagger status from a number of short and long-term catalysts.
Pendrell Corp. is now totally debt free with over $191 million in cash and a market cap of $379 million (over 50% of market cap). We believe that Pendrell management gets access to a lot of interesting information and deals in the patent space which constantly advises major Fortune 500 companies due to owning a wholly owned subsidiary called Ovidian Group.
Full Article:
http://patentstockreview.us5.list-manage.com/track/click?u=0fddb0a3ca3b21f6caa9620e3&id=6c4a9e0abf&e=768be42d59
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4. First Capital Alliance Expects a Pendrell Double in 12 Months and Marked Appreciation Long Term (First Alliance).
(September 18th, 2013 @ $2.00)
http://patentstockreview.us5.list-manage1.com/track/click?u=0fddb0a3ca3b21f6caa9620e3&id=0dae1f8315&e=768be42d59
==================================================
5. Interesting Insider Buying at CopyTele (COPY) $0.30.
Full Article here: http://patentstockreview.ning.com/profiles/blogs/adding-pendrell-corp-pco-1-52-to-watch-list
Xerox, Microsoft spinoff develops Snapchat rival
Plano software company ContentGuard on Monday released a mobile application that allows users to control the time in which people can view content they share.
The application, which is available for iPhone users, allows users to select a preset amount of time for which the photos, video, documents and files they share will be viewable. When recipients receive the files, they are constrained to those preset conditions. The current version of the application allows users to set a time limit between one minute and one month.
The software is similar to Snapchat, which allows users to temporarily view photos and messages sent to them and then deletes the content once it’s been viewed.
“This is the year the privacy revolution started,” said Scott Richardson, chief product development officer. “We like to think in five years time, everyone’s going to be doing this.”
ContentGuard was founded in 2000 in Los Angeles as a joint venture between Xerox and Microsoft. For about its first 12 years, the company focused on providing software and technology for corporations. ContentGuard developed technology that’s built into Microsoft Windows, Xerox products and Nokia handsets.
The company was sold to Time Warner and Pendrell Corp. in 2011. In summer, ContentGuard relocated from Los Angeles to Plano to have easier access to tech talent and take advantage of the Texas tax breaks. It has eight employees and about 16 contractors.
For the past year and a half, the company shifted into consumer privacy products.
It released the iPhone app first, expecting to follow it with an Android and PC app in the first quarter of next year.
But beyond time limits, the company is planning to add other security features. It’s currently limiting the ability to forward content and developing a geofencing feature to couple with the time-limit ability. This would allow users to make certain content available only at certain locations. For example, hospitals could allow patients to view certain documents only within its walls; or teachers could allow students to view certain materials for certain time limits on the school grounds.
And that’s just the beginning, Richardson said.
The company is developing the same type of privacy control for web content. Users would be able to post something online and share it via Twitter and Facebook. But once the preset conditions were met, the link would become deactivated, breaking all the links on social media as well.
“We’re putting control back to the user on what they want to share,” Richardson said. “People are gong to be protecting what they share in the big way. It’s a consumer-driven movement.”
I put together a small research piece on Pendrell. Feel free to ask me any questions. You're welcome to share this piece.
Link to Google Doc: https://docs.google.com/document/d/18VecDgohW6s0ubQLDvQ91SbclzPYt6s77r7CUZWia1o/edit?usp=sharing
back atcha my friend.
Good luck. eom
thx my friend. got it back on the watch list.
$PCO is consolidating above it's 50 MA and could be getting ready to breakout, trigger @ 1.20.
http://ichartpennystocks.com/pco-pendrell-corp-nasdaq-gm-breakout-trigger-1-20/
PCO, 10q filed friday. from that 10q.
Our investments in our intellectual property portfolio and our team have enabled us to grow revenues for each of the last four quarters, with $20.8 million in revenues in the second quarter of 2012, up from $3.7 million in the first quarter and $1.4 million and $1.1 million in the fourth and third quarters of 2011, respectively. The strong revenue growth in the second quarter was driven primarily by the March 2012 license agreement with Fujitsu and the June 2012 license renewal and expansion entered into with Sharp Electronics. These new agreements are significant in demonstrating the ongoing relevance of the ContentGuard portfolio not only to wireless handsets, but also to the growing tablet market.
The settlement with Boeing allowed us to avoid protracted litigation with Boeing over tens of millions of dollars in court-ordered expense reimbursement, and will result in a $10.0 million cash payment to us.
this is also a weekly pincher.
UP nicely right now, somethings up!?
Gixxer11: did you know if they got paid $603 miilions yet and need to pay this $$ back to Boeing, or this was just an award$ in paper without any payment yet? New to PCO.
Thanks.
Yea... Def overreaction!!!
Nice Bounce Coming!!!
CH
~ Friday! $PCO ~ Earnings posted, pending or coming soon! In Charts and Links Below!
~ $PCO ~ Earnings expected on Friday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=PCO&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=PCO&p=W&b=3&g=0&id=p54550695994
~ Google Finance: http://www.google.com/finance?q=PCO
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=PCO#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=PCO+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=PCO
Finviz: http://finviz.com/quote.ashx?t=PCO
~ BusyStock: http://busystock.com/i.php?s=PCO&v=2
<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=PCO >>>>>>
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
Pendrell Corporation
2300 Carillon Point
Kirkland, WA 98033
United States - Map
Phone: 425-278-7100
Website: http://www.pendrell.com
Pendrell Corporation, through its wholly-owned subsidiary, Pendrell Technologies, Inc., provides corporate intellectual property solutions and litigation insights to Fortune 500 companies and technology firms worldwide. It engages in the valuation and acquisition of patents. The company was formerly known as ICO Global Communications (Holdings) Limited and changed its name to Pendrell Corporation in July 2011. Pendrell Corporation was founded in 1995 and is headquartered in Kirkland, Washington.
http://finance.yahoo.com/q/pr?s=PCO+Profile
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