RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Q4 $22m revenue miss & $15m gross margin miss..Justhalfful - you may be right about cash being the only settlement means. However, page 41 of Circular describes both Share RSUs and Cash RSUs. The latter must be settled for cash.
Presumably, the approximately 67k of RSUs cashed as of January 1, 2021 were "Cash RSUs". It is not clear.
I do not see anything suggesting QTRH has discretion on whether to pay cash or shares on settlement.
Even so, the question regarding disclosure does not go away. If RSUs are to be settled in cash and with reference to say, the last closing price, is there an incentive to hold back on negative news/ make timely disclosure?
Based on last 48 months, average Licensing Gross Margin was about 11.3m per quarter.
2020Q3 was 32m or a beat of the average by 21m
2020Q4 was Negative 5m, or miss of the average gross margin by 16m. Is a 16m miss so much smaller than 21m beat?
Q3 was pre announced and Q4 was not. Q3 pre anounced by about 28 days, while Q4 news waited for say, 12 weeks.
Btw, no idea who Charm is, but I am sure few would read the indecipherable sentence below and then choose to repeat it:
"I personally think you are making far to much of the pre-announcement issue criticism by management."