Author Topic: PCO - Pendrell Corporation  (Read 7717 times)

Foreign Tuffett

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Re: PCO - Pendrell Corporation
« Reply #10 on: January 04, 2018, 02:19:12 PM »
I own some of this. Apparently since it went dark it has gotten a bigger discount. I want to see what the reason for going dark was - which we'll see in retrospect. It looks a bit like a SPAC with some vestiges of IP patents that have some continuing residual value. It's possible they'll leverage up if they find a target, unless they use the money to start something from scratch.

From the most recent annual proxy:

"Board believes that De-registration and De-listing will reduce costs, redirect resources to the Company’s business initiatives, provide increased operational flexibility, and provide visibility to potential business partnerships that are not available as a reporting company."
Former Teldar Paper Vice President


Grahamfan2

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Re: PCO - Pendrell Corporation
« Reply #11 on: January 11, 2018, 12:01:56 PM »
I believe they cannot repurchase shares until after filing the 10k

Tim Eriksen

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Re: PCO - Pendrell Corporation
« Reply #12 on: January 19, 2018, 01:08:45 PM »
I believe they cannot repurchase shares until after filing the 10k

What is your basis for saying this?  Specifically in light of the fact that they will not file a 10-K since they deregistered.  Do you mean distribute an annual report?  Are you of the understanding this is imposed by outside rules or internal restrictions (i.e., Pendrell's insider trading policy)? 

scorpioncapital

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Re: PCO - Pendrell Corporation
« Reply #13 on: January 19, 2018, 02:22:33 PM »
The company told me prior to deregistration that they would file a 10-k for the full year.

Foreign Tuffett

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Re: PCO - Pendrell Corporation
« Reply #14 on: January 19, 2018, 03:09:49 PM »
I believe they cannot repurchase shares until after filing the 10k

What is your basis for saying this?  Specifically in light of the fact that they will not file a 10-K since they deregistered.  Do you mean distribute an annual report?  Are you of the understanding this is imposed by outside rules or internal restrictions (i.e., Pendrell's insider trading policy)?

Grahamfan2 is correct that the company is not able to purchase shares in the open market until it files its 10-K. And yes, it will be filing a 10-K. Both of these items are per Pendrell management.



 
Former Teldar Paper Vice President

cardinalcap

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Re: PCO - Pendrell Corporation
« Reply #15 on: September 23, 2019, 10:34:45 AM »
Does anyone have an idea what the Kingston case was settled for?  How about updated financials?

Foreign Tuffett

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Re: PCO - Pendrell Corporation
« Reply #16 on: September 23, 2019, 11:11:04 AM »
Does anyone have an idea what the Kingston case was settled for?  How about updated financials?

I doubt anyone here has the updated financials given how few outside shareholders remain involved. If you own shares you I would recommend contacting the company to see if it will send them to you.

Kingston settlement is probably confidential.
Former Teldar Paper Vice President