RE:RE:Keeping an eye on Wilan It's more than just the 10% equity stake, which may never come to fruition. It's about the nearer term $23.4M in earnouts plus distributions, if any. Since any money from Wilan drops to QTRH's bottom line, it can have a significant impact on results.
From the 15-JUN presser: In addition to the 10% ownership stake in WiLAN, the consideration for this transaction will consist of approximately $48.0 million in cash, approximately $8.0 million as an earn out and approximately $15.4 million pursuant to an unsecured promissory note, which earn out and note are payable on WiLAN achieving certain revenue milestones. Quarterhill's 10% ownership stake can be repurchased by WiLAN for between approximately $13.0 million and $16.0 million subject to WiLAN meeting certain revenue milestones. Quarterhill will be entitled to receive its pro rata portion of any dividend distributions made by WiLAN.