InterDigital Inc (IDCC)

[loophole73]

Going private

It will be very difficult for this 30 plus year old company to go private at acheap price. They just finished taking care of compliance violations regarding requisite independent board of directors for Naz/SEC listings The company has made several presentations at investment conferences designed to encourage investment via its publicly traded shares. A history/timeline of events and bonuses, a questionable 4 for 1 insider purchase program, inordinate compensation to a purported independent director, premature compensation rewards for matters that were not fully disclosed under the guise of confidentiality which produced results substantially less than a reasonable public investor might conclude from statements made by officers of the company and other related matters would certainly mandate a reasonable price for the shares of the investors. Any efforts at a hurried privatization effort would be met with extreme scrutiny and could cause the process to drag out over a long period of time. The BOD, officers and employees would have a fiduciary duty to continue business as usual in the interim which might expose the offered price to be woefully inadequate. The recent revelations of investor dissappointment should cause any actors considering a privatization to recognize that the climate may not be right for implementation at this time.

MO
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