$30B = 200 years of patent inventory for sale https://www.iam-media.com/data/secondary-market-activity/secondary-market-activity/article/the-brokered-patent-market-in-2021
The market for patent sales was $160 million in 2021. There are $30 Billion worth of patents CURRENTLY for sale. Only 0.5% of patents available sell per year. That is 200 years of inventory!
WiLan's Crown Jewels have expired. WiLan owns a partial economic interest in its patents. A very spotty track record of litigation with over 10 losses in the last 12 months, including owing defendants damages.
This is the equivalent of a buyer for a house in downtown Detroit in 2010. Only 1 out of 200 houses sell and many were for sale for $1 to offload the ongoing taxes and maintenance expenses. Why does anyone think WiLan will fetch 3-5X per patent what BlackBerry's patent sale, which they couldn't find $100M of equity to support?
What is the compelling reason for any investor to buy WiLan?