Quarterhill Inc T.QTRH

IR Strategy

[cabbieJBJ]

Recall, at the Q3 results call, Chuck Myers indicated that QTRH would address the (re)introduction of QTRH to the investment community in the months ahead. 

The perceived change in the IR strategy is important.  My take away from the call was that for the past several years, independent investors, smaller funds and high net worth individuals were the target.  Many of these do not have to report their holdings; in that view, it’s unlikely that the remaining 95% Maxmoe identified are traditional “retail investors.”  December was the time for QTRH to circle back on the current targets.  Beginning early in 2024, presentations would start to the larger, traditional institutions and brokerages. 

Everything about the choreography of the past several months confirm this read.  I sense it's important to to this dance that QTRH enter 2024 with the stock price at or near a 52-week high.  I expect Myers will go full bore on the stateside group while not abandoning the Canadian side.  USA is more introduction, whereas the Canadian side is more reintroduction.

[Maxmoe]

I'm just making an observation about the geography. Rusty and chuck are California guys. Stockhouse lists the Qtrh address as 25 king st w toronto. Which is commerce court for you "Bay Street" boys. I'm not sure if suite 1101 is a seperate office or one of those office condo set ups but guess what? According to this link that space is "immediate" availability. Either

[cabbieJBJ]

There is no need for the Toronto office.  Hope your check reveals its been sublet. I found it interrsting that this morning's QTRH presser was headlined Richardson Texas.  I didn't realize Rusty Lewis was a CA guy.  I thought he was more east coast...PA maybe.

[Maxmoe]

I meant where he is, not where he's from. Point is, they are not tied to toronto in any way. Even the company description above mentions tolling authorities in Texas, California, and Illinois. Nothing in Canada. Logical growth would be NY, NJ, Mass,Penn, not so much Que,BC.  I doubt it hurts there business having the Canada connection, but I also don't see how it helps. The nasdaq

[cabbieJBJ]

Maxmoe - I agree with you on all points.

[Maxmoe]

I've Confirmed they've "reduced their footprint" in toronto. A few admin people in one of those Regus shared office condo kind of spaces. The stockhouse info is out of date. I've used this type of space. Very practical and economical. Private office space with shared boardrooms,kitchen,reception, fax/printer room etc. chuck is in Texas which also makes sense. This set up also

[cabbieJBJ]

Good to hear about the space Maxmoe. I think management wants the stock price at or near the 52 week high (~$2.10) going into 2024. This sets up a momentum kickoff point for the roadshow. I would not be surprised to see another announcement next week. There are irons in the fire.