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OneMove: Sylogist Board Struggles with Basic Math: Two Does Not Equal One
OneMove: Sylogist Board Struggles with Basic Math: Two Does Not Equal One Canada NewsWire...
About this update from Sylogist Ltd.
[{"type":"text","content":"\n\n\nOneMove: Sylogist Board Struggles with Basic Math: Two Does Not Equal One\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nCanada NewsWire\n\n\nComments on David Barr's PenderFund: the Only Voice Still Defending 67% Value DestructionWhen Offered a Seat, Our Nominee Found a Board That Cannot Answer Basic Questions About Its Own BusinessBRIDGETOWN, BARBADOS, March 18, 2026 /CNW/ -- OneMove Capital Ltd. (\"OneMove\"), a major shareholder of Sylogist Ltd. (TSX: SYZ) (\"Sylogist\" or the \"Company\"), today responded to the Company's continued campaign of misleading shareholders rather than addressing its record of value destruction.\nThe Board's inability to recognize that two and one are not the same number is unfortunately consistent with the same lack of analytical rigor that has defined its stewardship of the Company. This is a Board that has overseen a 34 percentage point collapse in Adjusted EBITDA margins, while increasing S&M and R&D spending by more than 6x without generating commensurate returns. Free cash flow has declined by 60%. ROIC has fallen from nearly 100% to effectively zero. The Company has missed its own Rule-of-40 target for eight consecutive quarters, and has now abandoned the target entirely. If this Board cannot count to two in a settlement negotiation, shareholders should not be surprised that it has been unable to track basic KPIs, manage the fiscal picture, or hold management accountable for years of broken promises. The pattern is the same whether it involves director math or financial oversight: a persistent unwillingness, or inability, to engage with the facts in front of them.OneMove is setting the record straight. Here are the facts:OneMove has pushed for a settlement from day one. We have consistently proposed the appointment of two of our highly qualified nominees so the real work of fixing this Company can begin. The Board countered with one of our nominees and one of their choosing. That is not what we proposed, and the Board knows it. It is gamesmanship and entrenchment at shareholders' expen...