RE: WIN switching to US dollar reporting!We're on a roll today: buying MSD option definitely taken off table. Never made sense, good to see it gone. Hopefully gone from this board too. While we're at it, Matthews 50/50, how about dumping the MSD buys WIN option. Why would the major holders, who will call shots on this one, support slow-growth company/management taking over high-growth, especially now that news is out and would have to be reflected in price? Dumped? Good.
Let's keep going. How about Nasdaq listing. If we read today's PR, we see:
"With the adoption of International Financial Reporting Standards ("IFRS") as Canadian Generally Accepted Accounting
("GAAP") used by Canadian publicly accountable enterprises, effectivefor the fiscal year beginning January 1, 2011, WiLAN will change toreporting its financial results in United States dollars." This clearly says that U.S. dollar reporting reflects regulatory change. Not any intent to Nasdaq list. Co. may well proceed iin that direction, but switch to US $ reporting provides no basis for expecting this. So, off the table it goes.
Good. Only my champers left on the table now. Or the bottle at least. Cheers
G