TSXV:NYX.DB - Post by User
Comment by
stocksnbondson Jan 18, 2017 11:48am
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Post# 25722877
RE:RE:RE:Tax Loss Buyers
RE:RE:RE:Tax Loss BuyersNYX has no assets it can portion off to my knowledge. They have various gaming offices although those are now being redrawn and incorporated into various verticals as per the last Q3 CC. A takeover would only result in shareholders like us realizing a loss. Even if the takeover price is 250% more, it's still undervaluing the firm IMO. LSE takes months as you well know from the IT experience. New management would also take time to get going.
Don't mean to poo poo the ideas. I just think it's unconscionable that the senior management team led by Matt Davey does not do more for the SP. Spefically, court institutional investors by assuring them the company will be profitable. This requires two things...... increase in revenues -- taking place at a great rate.... likely 25% organic growth which is fabulous. Second, a decrease in costs, which to my knowledge is not taking place. Increases in debt and interest are ongoing. There is no plan for debt repayment. There currently is no plan for profitability to my knowledge. IF the recent debt increase is for packages, I can surely get behind that. I doubt it though as the firm is still hiring programmers, project management folks, quality control folks etc. This is in addition to our super-duper paid corporate lawyer. I was thinking a quarter million. Try 3 almost times as much plus options.
I doubt Matt sees what we see of feel what we feel. As I've said before, Matt + AYA + WH + Sportebetting PLC can take NYX private in a heartbeat. Give us a 150% premium so it looks good and they cannot get sued by shareholders (class action law) and they have a cash cow. Matt, I doubt is in our corner. If he cared, he'd listen to institutional shareholders like Jerome Haas. Jerome sold after Matt proceeded with a financing shortly after they had met and Jerome had asked for the financings to stop.
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