ams, we are invested in a public company, not a privately held one. We as shareholders do not have any right to know what was turned down in settlement discussions. We have hired the management team to do the negotiating for us and we are left with their decisions. YOur options are continue to place your faith in that management team by continuing to hold onto your shares, buy more, or sell if you don't believe they are doing what is in your best interest.
If public companies disclosed to shareholders what types of discussions took place, they would never get any work done because for every investor that felt the settlement offer was too low, there would be many that felt it was more than fair. The phones and letters would never stop not too mention the frivolous lawsuits that would try to compel them to settle. If you think we spend a lot on legal fees now, the amount would grow tremendously by sharing this information that you think we deserve. For all the time we spend on this board, we still have absolutely no idea what really is going on in the day to day activities at IDCC. That statement is true for an investor in any public company.
Every investor has different time horizons and objectives. For you to say that we should have a right to know what was turned down is ludicrous IMO.
From your post:
"According to Nokia they made several attempts to settle the matter and then had to apply the arbitration clause. Is it not clear that senior management with this knowledge made insider sales. surely as shareholders we should at the very least be informed as to what Nokia was prepared to offer to settle the matter. If the amount was a financial insult, then management can be assured of shareholder support. If the the settlement figure was material, then it is important that we should have the same information available to us as management continues to have whilst still selling shares.