Quarterhill Inc T.QTRH

Big Picture

[Socrates1]

1. Qtrh is shedding the wrath of Bay street and analysts and brokers are circling the wagon! You can sense the buzz as they "want" the shares, but cheap! Thanks Skippen for finding Mr. Hill.
2. The chart. Don't need to be a pro to see the " nice " although choppy incline that even you can draw a nice upward trend line to! Let the past be your guide and look at the monthly chart and see how quickly things can change! 
3. Value. Compare S.P. circa 2016 @ 3.50 vs now and ask which company is more valuable? 2016 or today?
4. Future Revs. Nuff said here......
5. Sentiment. When you execute " transformational " changes to a boring and lumpy un- investable co. People pay attention. 
6. Next year's importance is paramount so thank god for a seasoned CEO. 

These are facts not pumping.

[whaler83]

Great post Socrates.

[onlygame]

After 10 years, I think you nailed the description of QTRH pain and underperforming SP. Here's to a long awaited transformation.

[cabbieJBJ]

Socrates, I hope you have an up close persepctive on your point #1 and not just a tingle.  Are you able to share anything further? The debenture is a brilliant way to address point #1.  Since there simply are not many "cheap" shares available, the debenture allows institutions in, but at $3.80 (note: QTRH can force conversion at $4.75 after year 3). Institutions could not buy

[astutein]

Look at sequence of dates and speed done. No huge deal occurs overnight with all due dilegence needed and contracts to be signed.  So here are the dates: August 16   -Agreement to acquire ETC Sept       1     Closed acquisition of ETC. Oct         4     Announces filing of  Preliminary base

[cabbieJBJ]

ASTUTEIN, WHAT IS THIS SUGGESTING TO YOU?

[astutein]

Cabbie- QTRH ITS, I am sure have done its investigation and due deligence on huge deal involving ETC and just needs to finalize financing before signing the final offer which could come very shortly. 2  months have passed since acquisition of ETC and results and expectations to date must have well exceeded   exceeded expectations.  Paul's plan  to spend 400 million

[v_guerriero]

Well said. 1.  It would take 150 trading days for an institution to accumulate shares available via the debentures at the low average  trading volumes we've experienced.  That is even if those are the 1% of institutions that can buy below $3.  There are very few.  Getting above $3 is key for attracting more sustainable institutional flow (eg, Not special situation

[mrmoribund]

Re your point 1, that it would take 150 days, etc. (I'm not sure about that number) . . . it's quite something how Foyston, Gordon & Payne went through all the trouble to accumulate their bigger-than-10% position and then turned around and dumped it all, not so long ago, much of it at $1.81 per share. I wonder if they were one of the buyers of the debentures. As for the catalysts, I

[cabbieJBJ]

mrmoribund, no need to nitpick the number of days. Suffice to say that the price would go much higher than $3.80 if 11M shares came onto the bid. Something significant (besides Apple) is about to unfold and time is of the essence. I doubt Wilander or Cactus and likely more who returned for the Apple decision would sell for under $5.

[v_guerriero]

You are absolutely bang on Cabbie. To clarify, I never said "no" active managers could ever buy our stock.  The vast majority have rules against buying "penny" stocks or those with limited trading volume.  Most have a limit against any stock below $5, but many permit $3 and above.  I don't have the exact numbers but my guess is that 99% of the assets

[Lazaros]

Institutions (I'm assuming you mean asset managers) can own and purchase shares under $3. I'm not sure why you keep saying 99% can't. How would a resource fund invest in junior miners if that was the case? There wouldn't be any small cap funds either. The $3 figure is a margin requirement and is separate from a fund's mandate. Institutions can and do own stocks at all price

[cabbieJBJ]

Lazaros, I think the key point in this thread is that institutions/asset managers/high net worth individuals want in a cheap prices but realize that not much stock is available at cheap prices.  The debenture provides a way for the target group to invest but at $3.80 (~+35% - 40% premium), with a 6% coupon (net 4.2%) for up to 5 years.  While the primary reason for the bought deal is