RE:RE:RE:RE:ETC Interoperability Tomorrow Silly Cabbie, they don't have a $Billion lying around.
Although Ray Jay says they can originate an unlimited number of 8-10% debentures that convert at $2.75 per share. Will only need 350 million shares and $80-$100M / year in interest.
The best oppportunity for shareholders here is to stop the value destruction. Oust the Board that signed off on buying ETC at peak valuations last year. A 140% unlevered return in one year for Align Capital.
But it gets more egregious when you look at levered returns. They only had to put 20% down ($10M) and the rest was debt financed. Align Capital earned a 700% return on capita in one year on a fully levered basis. 700% return in one year. And you wonder why QTRH stock has done nothing. All there is goodwill to show for.
Keep the cash on the books and try to sell WiLan and the ITS businesses and try to get these desperate longs back to $3.00/share.
10 years of waiting for Apple, wiped away in one transaction overpaying for ETC.
Who knows what they are going to overpay for next?