Re: Sure, I think the BK date was moved because .. ads,
posted on
Mar 13, 2014 01:35PM
I still think the parties, if DL is sincere, will be cooperative and come to a negotiated settlement, because it gives them some assurace of getting at least something they want.
My guess is that DL would be willing to be replaced on the PDS Board by a Trustee, but that he will want his family's $40M in commissions to remain payable and handled the same way the other creditor committee members debts are.
I also imagine DL's side will insist that Alliasence continue to play a key role, perhaps maintaining ownership of all MMP work product & infringment target information and receive some portion of that 25% of the licenseing fee, but possibly also accept some reduced active support responsibilities that were previously given to Alliasence in their contract.
I do not think the S/P is being minipulated downward. I think the risks associated with recovering sufficient additional Licensing fees, and having those fees get into hand of Stockholders, coupled with the restricted timframes in which it would need to be done, justifies the sales we see, and our share price of only a few pennies.
I believe that if or when a buyout offer comes, it will be either at the point where there is a complete breakdown in the Chap 11 effort, or after a settlement is achieved and we are dealing with the reality of putting into practice the challenges of a new licensing program saddled with our old problems of low recovery fees.
It is the reality of those situations and the above considerations of "recovery time" and "recovery price" which will determine any White Knight offer. Patents are an erroding asset, "time", literally IS money in this context; everyone involved is keenly aware of that.