Post by
mingzhu on Feb 03, 2016 10:16am
buyout will come after revenue recognition investigation
It will take a few more weeks. GXI no longer updates forberance because it find iunnecessary to do so since buyout can solve it once and all. The stock price will swing between 0.08 to 0.12 during this period.
There is no IT company of which market cap is only 1/5 value of its book value. That is why Thompson Reuter give GXI highest relative value (10 point) in comparison.
Comment by
displayname1 on Feb 03, 2016 12:07pm
Book value is not a useful metric for evaluation, misleading book entries is why they're being investigated. Look in detail at what they might be buying...not much. Openjaw may have some worth, previous owners might buy it back out of their loose change now. I wonder what the COO thinks of it all.