Charles over in Yahoo.....
10 minutes ago
We need that 8-K, as there are still too many variables at play to solve this equation. If we could plug in some values for some of those variables, the equation could be more easily solved. Could the Insiders/heirs just take the money and run, and exclude the shareholders? No, not if there was a settlement with Intel, as that would open them up to a class action. But it seems that, according to the terms of a loan to HDC some years ago, the patents were put up as collateral, which meant that, in the event of bankruptcy, the patents would become the property of the lienholders. However, bankruptcy is off the table if there was a settlement. I only see three possible outcomes:
1.) Either HDC is declaring bankruptcy and closing up shop for good, which would only happen if our attorneys had not been able to identify enough damages to warrant a continuation of the lawsuit. In this scenario, everyone loses.
Outcome 2.) A settlement was reached with Intel, but HDC plans to close up shop and divvy up the proceeds to their attorneys, the IRS, and finally to the shareholders in the form of dividend checks. A better outcome for everyone.
Outcome 3.) A settlement was reached with Intel and HDC plans to re-open its doors, start trading again and signing new licensing agreements. The best outcome for everyone.
Take your pick, but I'm guessing it's outcome #3, because I don't think that #1 is as plausible as #2, which is less plausible than #3 (look at the 8-K from 7-5-23. It shows intention).
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Charles I would love option number 3 but not a chance in this world. You didn't figure in the "Mrs. McGovern" factor, I'm sure she just wants this to end and end quickly. The past pain watching her husband coupled with age is what I see as a huge negative factor resulting in very little "if anything" for us investors. Also worth mentioning Directors "expects" to make an announcement regarding an interim successor for Mr. McGovern in the near future.
The word "expects" is in the all disclaimers under foreword looking statements.
