RE:RE:RE:sp You don't like that they spent $150 million +$30 million so far in accumulated losses for ETC. You don't like that they spent $180 million to add $7 Million of gross margin but $17 million of SG&A? And now have a debt problem and no cash flow to pay future commitments?
They need to sell WiLan for $70 million just to cover the debt commitments leading up to the 2026 balloon payments.
My model estimates they will have another $50 million in losses to that point.
They need to sell WiLan for $120 million just to cover the debt payments and funding ETC losses.
But what idiot investor is going to hand these fools $120 million for a division that produced 200k in revenue last quarter. That is 8X the price per patent that Blackberry couldn't close on when adjusted for the fact that WiLan has a 50% ownership interest in partner patents.