TSXV:NYX.DB - Post by User
Comment by
stocksnbondson Sep 08, 2017 10:18am
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Post# 26671281
RE:RE:RE:RE:Update on organizing shareholders
RE:RE:RE:RE:Update on organizing shareholdersSorry jammo71, I call B.$. on that one. A simple PR to the market including shareholders with strategy and plans would help appease many investors.
How many of us knew publically that NYX was about to spend MILLIONS on a new OB platform ? If they were going to do so, which is pretty important I think we'd all agree, it should have been communicated. It's huge in terms of costs. It affects the balance sheet and the bottom line. The BOD must have approved management wishes (once again, Davey owns the BOD as chair). Timely and open communication are not forthcoming from this company. It's not too much to ask. A PR will not affect "time they are not spending running the company." It's a simple PR. Perhaps the new lawyer can create it with his HUGE compensation package. Don't you see something wrong with 1200+ people in this firm? That's before the 100 new OB software hires.
Sorry, I'm tired of excuses. Kinda want to see execution of results. At this point, given we have no strategy from the company, the only results I see that count are revenue growth (happening), cost containment (still not REAL progress) -- only debt restructuring -- does not equate to paying off debt, and finally and here's the big one...... PROFITABILITY.
Bottom line pure Profits = debt relief
Profits = increased SP via increased investor confidence.
Management should only retool/create software/games from profits reinvested into the firm.
Not from burning through current cash or savings through debt restructuring.
One very important line.... nothing criminal with inept management. Well, the jury is still out. I don't know the intent of management. I'm just worried -- very strange feeling in the pit of my stomach. Management has not shown to be shareholder friendly. Just the opposite. They use us to dilute shares when they need to raise cash. That's on our wallets. This is a reason most institutions bailed. Davey was not straight with them.
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