RE:RE:RE:RE:RE:Excerpt from 2019 Circular - Background on leadership I have no particular caution relating to Quarterhill's ability to absorb acquisitions. I like the path they're on.
With regard to the importance of getting institutional ownership, I differ somewhat from what seems to be management's view. I don't give a hoot in Hades how much institutional ownership there is and it really doesn't seem to me to matter. It would matter if the company needed to raise money. They don't, however.
My view is that most institutions (not all), by their very nature, will need to see results. You can educate them re Quarterhill but they're still going to need results. And they're capable of educating themselves by reading the filings.
If things unfold well then Bay Street will ultimately sit up and take notice. If things thereafter continue to unfold well then Bay Street will ultimately run after Quarterhill like the giant herd of lemmings that it for the most part is. Quarterhill will achieve what I like to call Bay Street respectability. Institutions will come to see it as something they more or less have to own. If they don't own it clients will ask them why not. Firms will risk being criticized by NOT owning it.
Today they risk being criticized if they DO own it.
But. My main point. There's very little you can do to accelerate that process. There is one noteable exception and that is if the company needs to raise money. This can lead to the brokers jumping over each other telling their clients how amazing the story is that they just happen to be in the process of doing an underwriting for.
In Quarterhill's case, make the story happen. Then they will come.