A CHALLENGE TO THE BOARD. DEVIL’S ADVACATE PLAYED BY ME.
A lot of discussion within my family concerning this stock. A lot more with my e mails. I find that I’m only reading a very limited amount of posts and somehow somewhere somebody got spooked. SO, for discussion proposes only, not my personal view, I wish to challenge the board.
In this challenge I’m playing Nokia- Sam- Pan- Lu - The Street etc or if you wish the con of pro and con.
First statement . Idcc’s is running out of time. 1 ½ year from now the only one that will still be paying is Sharp. All other contracts will be paid up . Takes 3 million dollars a week just to break even and keep the doors open. What hope does this company have in staying in business then?
2nd. Nokia’s not going to pay. Contract was signed back in 99. They milked the thing till 2005. ICC can’t enforce anything. That’s why we went to New York and filed 6/30. Now this will go thru the courts dragging , Nokia will delay where ever the can and in the end IDCC will be out of business or at the very least no longer able to afford the legal costs Nokia will win by default .
3rd Samsung, no Samsung will delay this as well, why they don’t even start that till Oct. I expect them to drag this on longer than Nokia. Maybe the arb done by next June , but so what they will follow the same path as Nokia. No money there.
4th Licenses , are you kidding me. The only licenses that would help are going to be either in the courts or expiring. 3G licenses, come on now, don’t you think we would have had them by now.. Nec, sure but their contract is expiring as well, with Nokia, Ericy , Sam all holding back on 3 G they would have to be silly to continue. How many lawsuits do you think we can start anyway?
5th The street’s view of this one is poor at best. Why if it wasn’t for the hedge funds playing half the other funds wouldn’t even be here. They just take turns taking our money. No respect is given even when we do win, why this is just a rag doll stock that’s short on time, even the longs complain they never make any money, short’s use it as a bank account and the traders can always count on healthy profits, just don’t hold this for any longer than a month or two, right?
6th. Management, they know the gravy train is ending, have for several years now. Look at the options, I mean really, that’s the real reason. And HG, smart man to get out when he did, Rip too, why have the failure of this company next year hang on their heads. They saw the writing on the wall, time to get out. All the ones staying can do is keep forcing the same old message were is talks, you bet, to raise the options, not licenses, and it’s work well so far. Oh sure an odd one here and there with a minor player from Japan, but no majors, isn’t the majors that product the most money, huh, think that is something very wrong with the process. And this new guy just hired. His other company was going down the tubes anyway, ahh, just like guy, score on the options , and the old saying was looking for another job when I got this one. Same old same old.
Again a challenge. Pick one pick all. The statements made are not necessarily true. So, put the truth into them. Quality and depth to the overall picture is what needs to be projected. Paint the correct picture if this one is wrong.
Now shut me down, smoke me out and blow me away with your wisdom.
AI
