InterDigital Inc (IDCC)

[hock1]

mister..The convertibles themselves are being sold under Rule 144 which precludes any sale for at least one year (there are some instances where it is 2 years, maybe OD can clarify). While it is not clear, from the news release, usually after the required time-frame they can be registered for sale, at which time a market may be made for them. As to the warrants, since they are tied to the underlying shares, I would imagine they fall under 144 also.

However, it may be that neither the converts nor warrants will ever trade. It depends upon how this deal is written. I have not seen anything in the release that addresses this. Perhaps, someone else has. I hope this helps.