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Re: sonic22 post# 331667

Wednesday, 08/17/2011 12:28:46 AM

Wednesday, August 17, 2011 12:28:46 AM

Post# of 432663
FD rules

(a) Whenever an issuer, or any person acting on its behalf, discloses any material nonpublic information regarding that issuer or its securities to any person described in paragraph (b)

(1) of this section, the issuer shall make public disclosure of that information as provided in §243.101(e):

(1) Simultaneously, in the case of an intentional disclosure;

The question about the statement from the M Partners report is not whether it was material and required to be disclosed. The issue is that if IDCC did disclose information about the process continuing and multiple bidders, then it is required to be made publicly to all investors. Given IDCC's track record, I'm guessing that they did not make any statement beyond the intial PR. I have left a message with Janet Point requesting a confirmation or denial of the disclosure.
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