RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:What is ironic Good to see you back Astute. I thought you might have folded up shop and sold. Too bad.
You miss the point. With these Ottawa fakers pretending to be big time PE aggregators, they would end up paying $100M for a $40M company.
Companies get in trouble when they lever up to buy companies at peak valuations.
Shareholders would have been better off taking the Viziya proceeds, buying back as much stock as possible, signing Apple and having $250-$300M cash with no debt.
Now debt equals cash, there are significant litigation costs on the horizon and there is interest owed quarterly and the company has to keep converting its dwindling Canadian $'s to pay overinflated salaries and escalating costs for US employees... and have to dilute a further 10% of shareholders with a new US options plan. And then they had to more than double the cost of the CEO and the CFO vs. what they were paying John and Paul. And then had to pay Paul a huge severance package.
When you look at the totality of the cost of acquiring ETC, it would have been much better to have taken all the cash, then sold WiLan at peak valuations and shareholders would have had $5/share and liquidated the company.