Cormark resumes coverage at $3.50 and a buy- sees convertible offering as very positive and sees it as attractive form of financing
- sees QTRH shifting hard to an ITS first company and 80% of EBITDA ultimately coming from with ITS.
- Sees WiLan delivering about 25-30M EBITDA on an ongoing basis.
- currently Assumes 0 value for Apple win.