RE:A thoughtThere is little doubt in my mind mrmoribund that things are close to breaking on the strategic review. Communications with QTRH have gone totally dark on the IP side. For example, on the German Polaris v. AMD infringement litigaiton on 04-MAY, I have asked, inlight of the infringement action's "Dismissal as Moot" in WDTX, could management confirm that the German action was still on track to be heard on May 4th. Crickets. I can't even get a confirmation that old actions, still showing on RPX as open, are in fact open. There has been a flurry of activity on the 11 or so active cases, with some of the moves looking like housekeeping.
Management was quite willing to talk about the ITS businesses with anyone who contacted them. I did and posted extensively on my conversation. IRD is profitable with ~$70M in 2022 revenue and a gross profit in line with pre-ETC acquisition levels, at ~40%. ETC's issues probably relate to one or two contracts. I'm guessing the problem implementations are early ones that came with the acquitision, with the remainng five contracts performing to financial expectations.
Apropos the BoD, the headcount of 5 leaves open both a fill post strategic review and merger options. I fully expect that there will be additions to the BoD after the strategic review is completed. Rusty Lewis heads the BoD nominating effort.
As far as NOT combining the AGM and Q1 results, my take is that the AGM will focus on the ITS business direction and strategy and business operations from a high level. Q1 will be granular. While I expect Q1 to be bad, I am hopful that there may be a glimpse into Q2 that shows light at the end of the tunnel.
Lastly, I agree that QTRH is looking for a news event to report next week leading up to the AGM/Q1 calls.