TSXV:NYX.DB - Post by User
Comment by
GobbleGobbleon Nov 17, 2016 6:50pm
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Post# 25478045
RE:RE:News
RE:RE:NewsI actually really like this move. In plain english for those who are not as financial savvy as others I hope this helps you translate this news release:
A holder(s) that has $1,000,000 of the $10,000,000 (or 10% of this debt) has agreed to swap debt for share at a price of $1.39 per share. What does this mean? It reduces the outstanding debt that NYX has to pay back and also reduces their interest expense burden. IMO this means that the holder of the $1,000,000 of debt saw the $1.39 share price as a steal and wanted to lock in this share price right now... meaning they likely expect the share price to be much higher in the future.
Also really like the extension as it won't destroy EPS on the next two quarterly reports.
Seems like the CFO is hard at work to correct the capital structure and make the company more attractive to investors.
All IMO.
Gobble