RE:Material information Yes, they must report both positive and negative events that are material. As for reporting licensing revenue misses, that would be difficult to do, as they do not know when a licensee will sign, nor do they know for how much the licensee will sign.
in the case of the Motorola license, I believe it is material, but do not know for sure. Both OSC and TSX rules clearly state that material changes thar will or are likely to affect the share price, then they must report it in a timely basis,
So I bought some additional shares back on Sept 23 when the court record was revealed. QTRH announced the signing on Oct 1, with details confidential, their normal disclosure of license deals. My plan then was to wait until the end of today for a news release about their quarterly earnings upgrade. If it doesn't come, then I will consider the signing immaterial, and sell the shares I bought, They are up, but not a lot, so I not out anything.