Friday, May 23, 2003 2:41:24 PM
As an original investor in International Mobile Machines Corp (which traded as IMM then IMMC) which later was renamed Interdigital and has traded as IDC and IDCC, I absolutely remember receiving certain warrants along with the common stock.
I was a small investor and the reason I had access to the IPO was that the original CEO (Or maybe he was COO??) Irv Gross, was a friend of my family--he and my father shared space in a suite of law offices before Irv left the practice of law to become involved in IDCC.
It was Irv that hired me, basically to be a 'gofer' as a summer job--Irv had always taken an interest in, and liking to, me ever since I was a kid-and at the time I was pretty much a kid, 18 or 19 years old.
At the end of the summer, I remained at the company, graduating from gofer to a job in the marketing department (which consisted of maybe three people). I also did computer support.
I will spare everyone the rest of my story (which I have posted and just reposted today).
Anyway, not only did I have access to the IPO (well my dad did and we all invested--me and my siblings and my mom and dad) but I was able to buy a small amount of shares. Those shares came with certain warrants. I don't remember what the deal is or when or whether those warrants were ever exercised by us or what.
I'm also aware that along the way there have been certain private placements and other equity deals--and warrants were part of them if memory serves.
Nothing unusual or untoward about it.
Anyone who invested and took the risk and was smart enough (and lucky enough) to profit, I don't see how or why any other investor would begrudge them that.
That's what investing is about--being smart and lucky, taking risks and hopefully reaping rewards.
I don't know or care what Jim Lurgio's holdings or interests were. I know that he is an investor, and a long time and long term investor which is enough disclosure for me.
Other than that I take him completely at his word for the obviously sincere guy that he is. I don't question his sincerity or motives. I don't begrudge him anything he's made as an investor--I say god bless him and I hope he makes much much more. Because then so will I.
However, I would say that any suggestion as to his motivations that casts aspersions on him may well be actionable and I'd be happy to represent him pro bono in such a matter!
Thanks for all that you do Jim!
Recent IDCC News
- Form 11-K - Annual report of employee stock purchase, savings and similar plans • Edgar (US Regulatory) • 06/20/2024 12:30:40 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/12/2024 08:10:56 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/12/2024 08:10:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/12/2024 08:10:29 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/11/2024 09:26:41 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/11/2024 08:51:28 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/11/2024 08:42:45 PM
- InterDigital and Philips to Showcase Volumetric Streaming Technologies Empowering Immersive Sports Experiences at AWE USA 2024 • GlobeNewswire Inc. • 06/11/2024 08:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/10/2024 08:30:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/10/2024 08:09:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/10/2024 08:06:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/10/2024 08:04:08 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/10/2024 08:01:44 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:13:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:10:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:07:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:06:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:05:55 PM
- InterDigital Declares Regular Quarterly Cash Dividend • GlobeNewswire Inc. • 06/06/2024 08:30:00 PM
- InterDigital to Present at Upcoming Conferences • GlobeNewswire Inc. • 05/30/2024 12:30:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/06/2024 08:06:54 PM
- InterDigital Announces Financial Results for First Quarter 2024 • GlobeNewswire Inc. • 05/02/2024 12:30:08 PM
- InterDigital awarded injunction against Lenovo • GlobeNewswire Inc. • 05/02/2024 12:30:00 PM
- InterDigital’s Doug Castor Elected Co-Chair of the ATIS Next G Alliance Steering Group • GlobeNewswire Inc. • 04/29/2024 08:00:00 AM
- New Report Pins 6G Success on Novel Benchmarks Extending Beyond Speed, Latency, and Mobility • GlobeNewswire Inc. • 04/25/2024 08:00:00 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM
Bantec's Howco Short Term Department of Defense Contract Wins Will Exceed $1,100,000 for the current Quarter • BANT • Jun 25, 2024 10:00 AM