RE:RE:WI-LAN potential valueBlackrock are betting on the same thing we all are - a court awarding Wilan a BIG settlement.
And they were prepared to ride it out for the long haul. In the meantime they collect ~$1.25 million in qrtrly dividends - Oh and who knows how much $$ they make by manipulating the market. BIG inst. holders can play a stock going down just as well as they can play it going up. They can effectively drop their ACB on the stock by a few bucks just by flipping shares in a controlled market.
The bottom line is Blackrock still holds a significant interest in Wilan. And the most sensible reason for that is they still believe in the future of the company. They also realize the SP is undervalued but expect it will rise.
Blackrock's holding's are a bet on Wilan awarded an Apple settlement and a BIG jump in the SP and VOILA! All of a sudden the 5 year return on their investment has turned positive.