YDx Innovation Corp V.YDX.H

VR goes way beyond gaming

[Psychward]

The markets just don't get it yet but they will.  The future is VR and it will be so much more than gaming.  Great report from CNN on how VR can tackle racism in the workplace

https://www.cnn.com/2020/08/17/business/virtual-reality-diversity-workplace-spc-intl/index.html

[Madmax9]

If you look at the pr from the last two years and the volume of day the news is released you will see less and less every time. I dont think its the market not understanding. I thknk management pumping deals that never seem to happen. A good example is the Disney ip.

[Alpha007]

The problem with alot of companies with historically negative ROA they will have no luck gaining traction based only on news, revenue and positive net income has to follow, until then it will remain stuck. This year YTD net income is -621K, not as bad a last year which by end of year was -2.2M, but if you buy shares you are betting with all the news that eventually revenue will start to come with

[Psychward]

Definitely agree with you that both topline and bottom matter.  If you see YDX just as a digital agency, then maybe a 1x forward multiple is applied.  If you see them as a game publisher with extensive IP, then the markets value that (looking at small game publishers) 5-10x.  If you see them as esports, well then the market looks at 10x + forward sales.  Not saying I agree with

[Alpha007]

I argee the market has no problem trading a company well above it's intrinsic value, only problem is that this was trading at a ridiclous PE (Over 100) 10years ago when it was pumped and dumped so the company has no faith from the market until proven otherwise (With real audited revenue not deals)

[BigDohCAD]

Not really sure where you get 100x PE. Company hasnt really shown bottom line profits but on a forward PE bases, it was probably trading as high as 20x. Company has only been listed for like 5 yrs. Prior to that, it was a totally different business/Shell that did an RTO with YDX.  

[Alpha007]

Pretty simple calc...just look at past financials and price.....bottom line this was pumped and dumped years ago (Again just look at something rather then saying not really sure) and just because the company has changed its name and direction 10 times over the past 10 years doesnt mean you just ignore its history. That's why no asset managers or analysts have given light to this because they

[TheAppMan]

It's really not relevant what happened 'years ago'.  Companies need to pivot if they aren't going anywhere.  If you don't believe that management can do it, sell your shares, lick your wounds and move on.  If you believe that moving into esports is a good idea, then enjoy the lofty multiples that these companies are getting.

[BigDohCAD]

There are very very PMs covering small caps in canada, especially below 5m market caps. From the looks of it, it appears as if you don't understand how RTOs work....YDX has been around for a while but has not been public for 10 years. When they listed, they needed to have enough shareholders and a vehicle for a qualifying transaction so they found a shell company that met those requirements

[Alpha007]

Seems like more and more are not buying in and selling.

[BigDohCAD]

I sense there is some frustration from the marketplace but the company is grinding away with new partnerships and opportunities. If they find the right group to help support the story, the stock will likely fly as there aren't too many sellers.