RE:RE:RE:RE:RE:RE:RE:Ruh-Roh This deal would represent less than 0.2% of Transcore's revenue and 0.1% of its profit.
There isn't much of a business on eating the crumbs that Transcore won't even put a proposal against.
Why? Because it isn't worth their time. And the execution risk of connecting multiple back end systems across multiple states risks big cost over runs.
Look. Shareholders have been duped. And the fantasy of a $1 billion payoff was replaced with $50M CAD cash after tax in the bank from Apple after overpaying $80M CAD for ETC. And now the hope is that a patent consignment store is worth more than $150 million.
Blackberry has 12 days for the buyer to find the cash to close the patent transaction. The stock has already wiped out the patent sale gain announcement as the market is pricing in that it won't close. If Blackberry can't close at $17k/patent, why will WiLan close at $65k / patent the market is already pricing in?
CEO gone. CFO gone. Chair gone next year. Vice Chair too. Why? Why walk away from the Picasso they just created? Or are they walking away from a car crash scene?
Why has Gilberry never put a penny of his own cash into the company? Why was Skippen selling last year at 2.30?