RE:Bull Thesis? The only bull thesis here is they are able to get something for WiLan (at least $20 million) and shut down the corporate structure and fire 30-40% of staff while also growing revenues by 20%+ year. That would close the cash flow shortfall.
I've heard of people that chipped in for eagle and then on the next par 3 nailed a hole in one.
That's what's at play here.