For one thing, the info conveyed was extremely vague --- "settlement" pertaining to what? As above, does this just refer to another licensing deal? Or, settlement of the T3 infringement litigation? Or, settlement of the cases involving TPL and Moore? Or, settlement of the claims currently in arbitration with our former associates?
I would suggest that another reason was to delay any voting that would go against the board. After this report who would want to vote in favor of them or anything they might recomend. Now it is too late to change your vote. If the report was out last Friday or early this week more shareholders would be voting against the board. Who figured out the dates for all this shareholders meeting? If I remember correctly it was changed. Was the change to make sure the meeting and voting would fall during a week with a holiday Monday when the market was closed?
If they could just use their clever ways to increase the value of the company....................
Was the material event that they were/are going to be voted out??!!
Is that what they were waiting for?
When does the company and the board know the number of votes and how the votes were cast?