Doc, good news for TSQD!? Looks like it, this may be just the kind of new that shows they'll assure shareholders get more value than the current <50% of the DRIV holdings alone.
I'll call Chuck and Jeff first thing in the morning to find out what the implications are (this explains why Rick registered to sell all his shares recently). I know they've held two board meetings in the last two months that were pretty hush-hush. The move from 8% to 12% of DRIV back on Jan. 9th seemed to be based on the Jan. board meeting, so maybe this IS good news.
I was already expecting TSQD's earnings (due out mid-March) to be very positive.
This PR seems to support the theory spread on Yahoo! that TSQD would dividend the DRIV shares, and sell the mac/internet/publishing catalog business (I was anticipating a FHT buyout).
My personal favorite scenario:
TSQD dividends the 2,750,000 DRIV shares to 11,000,000 shares at a 1 for 4 ratio. Every 4 shares of TSQD gets 1 share of DRIV. TSQD uses the other 250,000 DRIV shares to build there business, or use it to make a takeover look better. Ronning will get half of the DRIV shares, which will make him happy, and the rest of us investors get DRIV shares and ownership through an acquisition of the new BANY.
I was hoping the positive earnings would help give TSQD some inherently value of its own, this WILL be a very positive earnings report for TSQD IMO.
Guess its time to head back to TSQD board:)
BTW Doc, I think the lock-up release is good for DRIV longterm because it reduces the longterm volatility, making us more attractive to mutual funds and larger investors. I would much rather be at $60 by Dec., and $120 in two years, than be at $60 at the end of the week, and $20 the week after that.
GO DRIV, GO TSQD!!! |
