RE:RE:Upfront Cash plus Royalty 50/50 chance of 110 million in 3 years (after jury trial and another CAFC). Discounting back at 15% / yr isn't much. You get $30 million present value.
Especially net of McKool smith fees. They get 30% of the winnings. The government takes 15% tax. And remember the Polaris patents are a 40/40/20 model. So the Polaris patents get revenue, but the lawyers and the client take 60% of the winnings. Then the government takes 15% of what is left over.
It won't be much if they had a fact based discussion around the realities of another 3 years of fighting it out in Canada, US and Germany. You are talking another $10-$20 million in legal fees a year as well.
We were all astonished that they signed with Motorola for peanuts.
Could be another Motorola situation. Then they issued debentures after the Motorola announcement. Those b@stards.