Just got the response from Cris Larson-CFO PDL the only thing he would admit to was that a Dividend announcement would be made after the Board Meeting being held this month..........................Thoughts??
Second, Cris is also very involved in responding to investors. Since she and McLaughlin took over, I have been in contact with her to convert the dividend to monthly pay. They will not do that because of the quarterly payments of their revenue. They are also unlikely to move to quarterly unless they clear up the two overhanging problems ~ Roche & the litigation over Synagis related royalties with Medimume.
The Medimune trial is scheduled for THIS MONTH. IF they settle going into this trial, PDLI pops. Anyone following this trial and does anyone know the jurisdiction?
They have 4 board meetings per year unless something comes up. Every PDLI shareholder needs to understand the impact of lead Director Fred Frank. I believe he has been instrumental in the clear and positive actions, along with McLaughlin and Larson, in getting it done.
This is a five star management team. That's why you have not seen them do anything outrageous or risky. If they are going to buy a royalty stream, they are not going to pay fair value for it.