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Bullboard - Stock Discussion Forum Quarterhill Inc T.QTRH

Alternate Symbol(s):  QTRHF | T.QTRH.DB

Quarterhill Inc. is a Canada-based company, which is engaged in providing tolling and enforcement solutions in the Intelligent Transportation System (ITS) industry. The Company provides end-to-end mobility systems to some of the tolling authorities in the United States, including in Texas, California and Illinois through Electronic Transaction Consultants, LLC (ETC). ETC’s core products... see more

TSX:QTRH - Post Discussion

Quarterhill Inc > After Apple, QTRH must be split into 2 separate companies
View:
Post by shareholders1 on Nov 05, 2021 2:57pm

After Apple, QTRH must be split into 2 separate companies

...Either Wilan is sold to the highest bidder, or Wilan is spun off to QTRH shareholders (tax free), allowing QTRH shareholders to decide themselves if they wish to remain invested in both, or not.

The ITS business should get a much larger valuation as a pure play, likely creating immediate additional value for QTRH shareholders.

Selling Wilan makes most sense, as additional cash would be raised to fund ITS (over and above any Apple award/ settlement) or could be returned to shareholders via NCIB (or special issuer bid)  or dividends.

Anyone with a meaningful number of QTRH shares should let QTRH management know their thoughts.
Comment by cabbieJBJ on Nov 05, 2021 3:04pm
Right on shareholders1
Comment by cabbieJBJ on Nov 05, 2021 3:17pm
Shareholders, as I've posted several times, this needs clarity on the value of the wireless/Stanwood IP as a major part of Wilan's overall valuation.  The CAFC in the Apple case should provide that clarity.  Everything falls into place after that. ITS does not need the headwinds and shade associated with the IP business; QTRH cannot afford the opportunity ...more  
Comment by IPGutcsi on Nov 05, 2021 3:50pm
Yes! I would think we could sell it (WILAN) to a big tech player they would avoid litigation for copyright and or could battle it out with other Big Tech. It would inject much welcome cash that could be tevinvested immediately into the IRD - ITS pure play!!! (Cheering)  
Comment by whaler83 on Nov 05, 2021 4:06pm
Bring back the two Dicks to organize us and put the board on notice. Or Start a change.org petition, market it as best you can and get as many shareholders signatures and tally up the shares.
Comment by cabbieJBJ on Nov 05, 2021 4:08pm
Why whaler?
Comment by wilander on Nov 05, 2021 4:20pm
Y'all are FINALLY getting it!  :)
Comment by astutein on Nov 05, 2021 4:29pm
Am I missing something important.  We have 2 separate comapnies as of today. Quarterhill has done  what board members are talking about. Quarterhill has formed Formed  Quarterhill  ITS inc.   Which is what everybody talking about now. I presume all of IRD, tuck ins other ITS assets including ETC will be or are in separate company. As ITS  assets in ...more  
Comment by shareholders1 on Nov 05, 2021 4:35pm
You missed the point entirely. 2 separate companies that are directly owned by current QTRH shareholders.
Comment by cabbieJBJ on Nov 05, 2021 4:38pm
My preference is for a divestiture.  In any event, the CAFC ruling on the Apple case will provide valuation guidance either way.
Comment by astutein on Nov 05, 2021 4:38pm
I haven't missed the point. Quarterhill ITS INC was incorporated Aug 5 2021. The two separate companies directly owned bu current QTRH shareholders are One- Is QTRH ITS INC Two   Wilan
Comment by shareholders1 on Nov 05, 2021 4:51pm
Cabbie, A sale of Wilan would be my preference as well. That way, the value of Wilan can be maximized. If Wilan was spun off to QTRH shareholders, it would likely trade at a discount to intrinsic value. Astutein - have you never held a publicco that reorganized itself, where its shareholders ended up with 2 separately traded listed companies that they owned directly? I cannot believe you do not ...more  
Comment by cabbieJBJ on Nov 05, 2021 4:53pm
Astutein, I'm not sure what Quarterhill ITS means except it was on the HBSC loan document for the ETC acquisition financing.
Comment by shareholders1 on Nov 05, 2021 5:03pm
"Astutein"  - Read the AIF which describes the corporate structure.  Anyone buying QTRH shares owns shares of just one corrporation - QTRH. QTRH can own many different susidiaries itself, but QTRH shareholders do not have a direct ownership in any of those subs.  With all the subs there are for p/the atents, which are often talked about on this board, I am really ...more  
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