No high fives in Ottawa tonight...It now makes sense why we have seen a recent (past few days) number of signings of licences announced. To me it seems like it was to hopefully get some further wind in the sails perhaps knowing that the outcome or decision from the judge would not go well. Sure at least seems that way.
Back to the doghouse we go...at least for the short term.
My gut feeling is that someone( in senior management) will end up wearing this loss. Egos will be bruised over this, not just wallets.
Before long i sense we may see one of two things take place.
Jim stepping aside and a search for a new CEO to get underway. The board needs to talk on this and make some decisions.
Or the company ends up in someone else's hands--- that being either an offer being made by private equity or a competitor. Either way the potential dollar value of either option just dropped to a lower level after today's news. That in itself is dissappointing.
Year end is approaching, tax loss selling,, then perhaps at that point when the price is low we may see an offer being made.
Wilan management will have a much less inspiring story to tell at upcoming investor presentations . There may be fewer people in the room i kind of think after today.