Have to agree that stock price is in freefall this week.
Rolled over my Jun/12 $35 option hedges to Jan/13 $32.50 option hedges. This produces a larger potential profit at a lower price but extends the time period to realize the profit by six months.
Hopefully, we will see some significant patent sales and license agreements by the end of the year.
Doubt we will see any management shakeup. The board and management are too closely aligned. It was the board that insisted on the strategic review and it is unlikely they will get rid of Merritt shortly after awarding him bonuses for last year's stellar performance and raising his performance bonus opportunity for this year.
The reason for IDCC's declining stock price is because of mgmt. I should have sold out my entire position when they announced no buyout or even buyout offers after 6 months of waste. This lost all credibility with investors or potential investors. So now this trades down because of that. I believe the actual company is much stronger than the stock indicates. However, once mgmt has lost credibility the only way to improve things is to get rid of them. This is an easy decision for shareholders. It will take a strong effort to oust them given the lack of large influential investors. This is my goal by the ASM..that we force out Merritt.