Another day… no real news Don't let the "entertainment" on this Board distract you from reality of what is happening at QTRH:
- Fired CEO and CFO again (after only 18 months)
- Launched a second strategic review of WiLan (a smokescreen for horrible Q4 results and all of the restructuring costs to come)
- Apple will not settle, emboldened by the fact that the CAFC has sent back to a third jury trial on damages. Apple knows it can outspend WiLan.
- More options to be printed for new CEO and new CFO (Issued options to interim CFO at 1.81)
- We don't actually know anything about ETC. Yes, they have one a couple of contracts. But why was the revenue range so wide? Why were things so uncertain? Did ETC provide back office software to highway 412 and 418 in Ontario where governments just eliminated tolls on fairness to taxpayers as of April 2022? And this is a risk that no one has mentioned. How many toll routes are near at the end of their payback period... and need to be replaced with new toll roads just for revenue to remain flat? Toll roads don't remain so forever. Once the bills are paid the roads eventually go back to the public.