RE:RE:RE:RE:FACT SHEET Here is my speculation.
WiLan will not be sold. It will be given away as an employee takeover with Jim Skippen as chair of the private firm. It will be sold to investors around allowing the company to focus on ITS.
The catalyst will be a zero WiLan revenue print for Q2 and questions surfacing on how much cash Quarterhill has net of debt, patent finance obligations, severance costs and litigation losses.
Inventory will also be piling up at IRD.
Quarterhill paid a 140% premium to acquire ETC from Align Capital. As I've stated, they need over a billion of contracts just to cover the acquisition premium implied in the purchase price. $400 million is just the start. At 8% margin that is only $3M profit / yr. Good news releases, but it doesn't translate to much profit.