Dear shareholders,
You have suffered long enough.
Sorry for no ITS news, but may I offer you a license split up five ways that provide 3 partners and the Farnan Bro's some remuneration. Then the WiLan subsidiary needs some cash to pay its senior leaders for doing *f all this year. Post taxes this might (MIGHT!) yield $3-5M in net income. Won't even cover the forthcoming Sharp and Vizio losses.
EBITDA doesn't mean cash. And EBITDA is much lower when it is a partner portfolio. And therefore Net Income is virtually zero.
You don't believe me? Well, all terms are confidential and will remain so until February 2023. And this is not a portfolio license but a narrow license that covers specific semiconductor technologies. That is code for "please stop the legal fees."
The chaff ain't worth sh!t. The only news worth mentioning at this point is the sale of the WiLan unit.
V_G