Reason for the decline today Quarterhill throws a huge curve ball.
They file a big time lawsuit with an expensive law firm in the EDTX against Broadcom. This ain't no chop shop like The Farnan bro's. These are real lawyers that charge $2,000/hr.
Expenses up. Wayyyy up. And you don't launch a major lawsuit like this if you are running a sale process.
The sale process is now over.
Back to watching paint dry and reading docket reports.
Cue the news release that have decided to remain owners of the patent business and may take another look when conditions improve.