RE:RE:RE:RE:Big Picture You are absolutely bang on Cabbie.
To clarify, I never said "no" active managers could ever buy our stock. The vast majority have rules against buying "penny" stocks or those with limited trading volume. Most have a limit against any stock below $5, but many permit $3 and above.
I don't have the exact numbers but my guess is that 99% of the assets controlled by the top 50 global investment managers cannot invest in Quarterhill.
Of course there are the rare few that show up from time to time. But they have a universe of stocks to invest in and is very ineffficient for QTRH to try and get them to hold the stock.
I think it is also telling that even passive investment managers except for DFA (which is an active/passive fund) don't hold QTRH. Most likely due to liquidity issues.
Wellington took a position in March and they are a top shop. But that's it.
This will change. The people selling at $5 will be selling to institutions and passive funds.