Habu says:
"ASM is going to be interesting. How many will stand up and complain? how many will get dragged out by the law for making a spectical of themselves? 5MM short. someone is working hard and paying a lot to have the bashers try to talk it down while they continue to short it down."
The claim that the "bashers" are being paid a lot to 'bash" the price back down is one of the oldest in the book. I'm not much into anti-IDCC conspiracies but if there are paid IDCC bashers, wouldn't it make much more sense that there were also paid advocates of management, lobbying shareholders to approve more slop for the trough? Oink, Oink....
Seriously though, looking at the discussion over the last few days in the context of there being literally millions of dollars worth of IDCC stock options sitting on the block.
Do you think the insiders want to get their hands on it? Yes, of course or they wouldn't have put it there.
Are the comments of some of the participants right here consistent with being paid lobbyists of the insiders? Paid to lobby for shareholder approval of this ballot issue? Of course they are.
Would it be illegal? Of course it would.
Does that mean it's not happening? Of course not.
Do I believe that's what's happening? I don't know but it's a heck of a lot more believable than the oft repeated theory the shorts are paying bashers to bash.
Here's my suggestion with regard to the vote on options. Don't be taken! If management really does perform, there will be plenty of time to reward them at that time. If the options are approved, it will virtually guarantee another trip back to the low teens or single digits so the insiders can achieve a favorable strike price. And that's why the ballot measure will probably pass, followed by a big sell-off by the shareholders/institutions who approved the extra options. By selling off after approving the measure they will be "most aligned" with management in order to buy in low and ride it back up. It's a vicious cycle, repeating endlessly. Think of Stewart Copeland on The Rythmatist, Serengeti Long Walk.
And what's this about how many will the law drag out of the ASM? I had no idea the shareholder meetings were so exciting!
Once
The best way to convince a fool that he is wrong is to let him have his own way.
~ ~ ~ Josh Billings
