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Re: loophole73 post# 10727

Saturday, 02/22/2003 12:28:16 PM

Saturday, February 22, 2003 12:28:16 PM

Post# of 432922

Let's look at this one more time.

IDCC said they issued the 8K in accordance with Section 13 OR 15(d). (Repeat 15(d)).

On quick review, there are no index headings under Section 13 that appear to apply to the release of contracts with others. However, I believe there is a requirement to release certain information.

The following SEC language would appear to apply, and we've seen it several times since last night:

>>>>>>>>>>>>>>>>>>>

Real Time Issuer Disclosures

Each issuer reporting under section 13(a) or 15(d)

shall disclose to the public on a rapid and current basis,

such additional information concerning material changes in the financial condition or operations of the issuer, in plain English,

......necessary or useful for the protection of investors and in the public interest.

>>>>>>>>>>>>>>>>>>>>

Comments:

1. Since the 8K is designed for investors and the public, it would not appear to have anything to do with new or existing licensees, or the trial with Ericy.

2. The 8K says NOTHING (in plain English, or otherwise) about CHANGES in the FINANCIAL CONDITION OR OPERATIONS of IDCC.

What does all of the above mean. Beats the hell out of me.


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