The Dolan Company (fka DOLNQ)

[Liam_S]

Yesterday, there were testimonies as to the valuation of the company. The EC had earlier petitioned the judge to deny testimony regarding the company's future relationship with BAC which one of Dolan employees had discussed with a BAC rep. Unfortunately the judge over-ruled the EC objection and allowed that testimony. What does that mean for equity? no one knows yet. I personally found it puzzling that the EC counsel never got to perform any discovery wrt BAC considering that BAC is DiscoverReady's largest client.

My understanding is that the testimonies about valuation will continue Friday and might even extend beyond that. So basically, there was nothing material coming out of yesterday's hearings and I suspect that's the reason we don't see much activity one way or the other. If materially positive info comes out of Friday's hearing, then we'll see massive buying. Otherwise we'll see a massive sell off. We just have to wait and see at this point.

If I were the judge, I'll just put this whole thing up for sale to determine real value. What's the point sitting in on lengthy sessions when we can let the market determine value and lay this whole thing to rest once and for all?