RE:The BoD saw what I saw… and took it a step further Whether the reorg sheds the cost of an inefficient corporate structure or eliminates the Wilan drag effect is immaterial as V_G just posted. This announcement addresses both issues. A move to a pure play ITS company was inevitable, as I've posted many times, making the holding company overheard unnesessary.
So too is an ultimate move to a stateside focused listing for the company. The USA market knows how to value an ITS company - that alone could account for a buck in the share price of QTRH. I believe that during recent meetings with instituional investors, Paul Hill revceived a lot of push back on QTRH's structure and the inclusion of the Wilan sub. The BoD listened. IMO a USA listing will become a realitiy when the strategic review is complete. I'm of the opinion that the review will not be a long one, notwithstanding Gillberry's "no one has approached us" comment on the call. The BoD's mind is 98% locked in concrete. Today's announcement creates a sense of urgency...as it's been said, operators are read to accept your calls!