RE:Quarterhill Announces Annual Meeting Results John and Jim had 20% of shareholders vote against them. This is extremely rare and only happens 1 out of 50,000 votes on the TSX.
The bottom 0.002% percent of Directors. This is a nice legacy to end their tenure.
They should immediately resign following this result as a courtesy to shareholders.
When Q1 results highlight the ITS blowup, they should immediately resign.
My definition of ITS blowup is EBITDA below last quarter's.
51% premium to purchase IRD. 140% acquisition premium of ETC. People with no ITS experience spent $213M to purchase ITS assets that were worth $93M in the hands of the prior owners.
Just don't do the math on the Cannacord model if the market reprices back to the previous owner purchase price.