TSXV:NYX.DB - Post by User
Comment by
stocksnbondson Aug 06, 2015 12:52am
54 Views
Post# 23993233
RE:RE:RE:RE:RE:Serious volume today...
RE:RE:RE:RE:RE:Serious volume today...Infirst,
I bought some LAB ironically in the low .40 range and sold in the high .30s. Never looked back. It was a bad investment. Was counting on the company being more forward with details of their major Israeli aquisition but that did not happen. Furthermore, I wrongly assumed that the aquisition would be bringing in accretive earnings. I got a real bad feeling that the purchased division was a pig masked with lipstick. I don't think NYX should touch anything else until it can PROVE that it can increase revenues from their purchase price baseline revenues. If the revenues actually decline, oh boy, what a bad deal. More importantly, I'd like to see earnings. revenues are currently being bought at our expense by diluting our shareholding. Increasing EPS will show me what I wish to see as an investor.
The Ongame purchase is still not doing well. I'm worried about that as even CRYP had a difficult time making money on that division. It does not have a large use and liquidity of players was always an issue with Ongame. It's considered a second tier poker platform. I would love to know what the % take is on a game or contract. Out of the loop now so I don't know what licensees pay software providers.
sb