RE:RE:The costs keep adding up… anyone else keeping track? Good discussion.
I shared the specific language from the Proxy Circular that lays out Paul's compensation under termination. He got the $1 million lump sum + prorated bonus and Stock for the year a sit was full year (which is 300k). His 1.4 million options that had a strike price of 1.99 immediately invested upon termination at 2.67. That's a cool million. Then his previously granted RSUs immediately vested. That is just over $3 Million total.
Debenture financing costs were 4% of the 57.5 million raised. It is in the marketing materials. That cost will show up this quarter.
I didn't include the cost of hiring bankers and accountants to facilaite the sale of WiLan (which may not be successful). That will show up next quarter.
With the world at a major conflict who wants a whole bunch of useless patents that require expensive lawyers to litigate? Is $100 million even realistic?
And on ETC, at the current forward multiple, it implies 15% annual growth.
Which city is going to be putting in more toll roads right now when gas is going through the roof and bread prices will double? There will be huge pressure against more taxes and tolls.
15% growth is dead. How far does the multiple compress to address the lower growth environment?
How far do margins compress to deal with current inflationary environment.
Huge headwinds in front. You all still believe. We are nowhere near capitulation.