Accountability Capital Urges Quarterhill Board to Prioritize Shareholder Returns
July 4, 2018
For many years, Quarterhill (previously Wi-Lan) has been defined by inconsistent/poor performance, failed strategic review, dividend cuts, high management cost, and patent and other acquisitions that have not paid off. These have resulted in significant share value destruction and losses for shareholders.
As shareholders, we are disappointed and frustrated by the board’s inability to stem the continuing share price collapse, much less create shareholder value.
Accountability Capital has written a letter to the board outlining specific recommendations to restore shareholder confidence and improve results. We urge the board to implement those recommendations in a timely manner and act in the best interest of their shareholders.