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Wi-Lan Inc. Message Board

ken_the_bum 2 posts  |  Last Activity: May 17, 2016 3:46 PM Member since: Aug 28, 2012
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  • ken_the_bum ken_the_bum May 17, 2016 3:46 PM Flag

    Quarterly was on time. 10 Q won't be filed with SEC for a couple weeks to get a better value for the goodwill impairment charge.

  • ken_the_bum by ken_the_bum May 3, 2016 4:52 PM Flag

    It's been a while for Sonny on the debt issue, but it's good to see him getting it under control. That choking $20M debt with Herc has been hanging over this company since Summer 2014. Not to mention that stinking cash liquidity covenant of $11M, originally. CEO Eric Olson and the CFO lost their jobs back in Fall of 14 because they stole the company from the stockholders (many of them bought in on the IPO). Crooked Olson than gave Amedica (along with all the IP) to Herc and their vulture-fund sidekick for less than $9M ($20M-$11M). Now overall debt is $12.9M, Herc is down to $11.1M, and the vultures are gone. And the covenant is down to $5M. And on top of that, the equity didn't get killed any more than the walking dead it was before Riverside. Just shows you what someone who isn't a #$%$ can do with a good company, which has a product that Sonny really believes in.

    Kudos to CEO Bal ! He just saved what remains of this company's equity, and what's left of the shareholders -- which after the last two trading days, I can consider myself back in.

    -the bum

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