The good and The bad The good news is that the pain trade has ejected the crazies from this Board. They are probably smoking their WEED and CURA supply. Or maybe have moved onto the psychedelics?
The bad news is that the stock is 4 pennies from a new 52 week low and 22 pennies from its rightful place as a 1-handle stock.
The opportunity still remains to sell low and buy lower. You still have time to make back some lost profits.
Quarterhill's timing is epic. They start a strategic review after WiLan business is in the gutter and as the tech stocks dump.
Ask yourself this, what is WiLan worth when VirnetX now at 1.68 (WOW!) is worth well less than the cash on its balance sheet?
We are not even halfway through the typical Quarterhill selling marathon post a negative news event. And April 21 is far away. How much pain are you willing to take? How much wealth will you let this company squander?
This Quarterly report is going to be a disaster.
And Brett and the team are smiling as this sets the options strike price at such a favourable level. And they have plausible deniability as they now get to blame Putin and Covid for the "temporary" blip as they line their pockets. There should be no more options printed at 1.81. It is wrong. It is immoral. But, this is Quarterhill. This is the way. (<---- awesome Mandalorian reference)