orientbull: RATHER, IDCC management needs to be able to sell itself and its patents and have a good, solid handle on what it will get as a minimum price (and then some). This is NOT the time to go on a fishing expedition or in the pro circuit it is called a 'pre-tournament run or scouting trip' to try to locate the potential spots where fish would be found under the current conditions!
I hope there is more than one amount in mind by the BOD:
1. An amount they can TRULY receive as a minimum amount that is acceptable to them and the shareholders;
2. An amount they would like to achived over and above the amount they truly have as a valid valuation of the company, its patents, and its engineers.
3. An amount that the BOD thinks is appropriate and takes into consideration the factors above AND the future potential and benefits of all patents past, present, and future that will shape the future of the industry and benefit the company willing to 'pay today for the furure revenues' of their IP.
IF they don't think they would achieve (1) above, then they would be wasting time and money and credibility. IMO, I think that their hiring of Barclay's and their advisory firm has addressed this issue and this phase has been achieved and now they are in the next phases. AND, the fact that they haven't pulled back on their plan bodes well that the bid price will meet or exceed their expectations at this point. The market has yet to factor that into the current share price, but we know that the street has their finger on the trigger and will be all in when they feel it's about to happen.
The reason why the Poison Pill was removed was a combination of two things:
1. Bill Nazgovitz and the shareholders asking that it be removed
2. The BOD recongnizing they would NOT HAVE BEEN BOUGHT OUT at $250+ 2 years ago.
IMO, the BOD jumped on the opportunity to get rid of it not on their own but rather as a way of saying that 'the shareholders asked for it and the BOD did what was asked' (An easier way out for the BOD rather than for them to say it was not realistic and they were wrong or greedy). AND, with the new COB Clontz, it gave appearances of more reasonable expectations that could be achieved.
We learn to crawl before we walk;
We learn to walk before we run;
We learn to run before we fly;
We learn to fly before we soar!
