InterDigital Inc (IDCC)

[vegas options]

jealmc79, in your world Mr. X buys the convertibles and takes the stock and does not want to sell. Mr. Y sold IDCC the calls. IDCC calls in the option. Where does Mr. Y get the stock as institutions own over 100%. Not only that Mr. Y sold IDCC the 2027 calls. He now has to come up with over 20% of the company. Why would IDCC bother with a Dutch Auction? They could just buy calls. A year ago May IDCC bought over 1 M shares from a hedge fund. Instead IDCC could just buy calls. Theoretically IDCC could buy the whole company by buying deep in the money calls. The only true call in this are the warrants.