RE:RE:Ottawa school bus still runningSurprised you are not a little more concerned about the failure to deliver by this management. It is now October 20, so we have 72 days left in 2021.
As of June 30, QTRH was $134,000,000 short of 2019 revenues, and $106,000,000 short of 2020 revenues. Their cash on hand has fallen to just around $45,000,000, and they now have debt over $75,000,000. There has been little indication of any major revenue producing activity since June 30. A license agreement with PSMC, one with the Auto Industry, and the Motorola signing. No indication of the value, but obviously not near the $100 million plus needed to match prior year revenues. The 3 or 4 IRD signings are miniscule. Perhaps $5 to $7 million in revenue spread over how many years. And how much did they spend buying the Wopden and Innovative Memory patents. The lack of transparency of this outfit is mind boggling. And what is with the 9 Wi-Lan subsidiaries, the fiancial details of which we have never received any information. And I don't hate Skippen. Don't even know the chap. He did, however, buy the school bus for the Elmwood School, an Ottawa area school for girls. Just a co-incidence I guess that his children go to school there. All I have to do is look at the track record over the past few years to find a reason to have no confidence in these guys. It's just the Apple case that keeps me around. I sold most of my holdings years ago.