Not bad today You all believe. Quarterhill held up pretty well given the four things that transpired today
1. Downgrades
Huge downgrade by Quarterhill's top ranked analyst to a hold by Cannacord. Says you will basically get a 2% dividend over the next two years.
2. Small cap ITS firms collapse
ITI - new 52 week and 8 year low today
REKR - crashed 11% and 2 pennies away from a 52 week and 2 year low
3. Small cap Patent firms collapse
VHC - new 52 week and 13 year low today - trading $50M below cash on the books.
PRKR - new 52 week and 3 year low today
4. AGM
Basically signaled no returns to shareholders via buybacks or dividends. Options plans look to be approved, diluting shareholders more. Brett signaled he is going on a spending spree.
"There has never been a better time to be in ITS"... true statement by a guy that got his salary bumped up to 625k CAD and massive bonuses and options to be printed.