There Is Something Clearly Wrong HereAnd it may well be that the CEO will be forced out. Let me explain quite some time back i was involved in a company called IBC Advanced Alloys that was a had a alloys division they would supply which made 17 to 25 or so million annually and a casting mold non machine parts division that would supply people like Lockheed Martin but the contracts were not big as Lockheed had numerous suppliers one of which was Materion and the one in which IBC split contracts with.
Within the alloys sector there were numerous providers one of which was Niocorp and of course people talk about others in the field as to who the "so called competition was" the company not making a lot on the split materials side was working hard to improve it as their alloys side was shrinking.
IBCs earnings for a good chunk was decent enough but their sp was not at all reflecting it and as over here i was saying this is way too far off something wrong is happening. And so it carried on with the constant downward manipulation where neither the CEO or Investors relations said very much until they were in no other position but forced out finally acknowledging there was a competitot screwing around with the company share price but they assured people not to worry however in the end they did what they could to avoid further disruption which was let new management come in and do their part and negotiate a smooth transition. Funny enough a close friend of my extended family i was told by him (family friend) he was involved in brokering the deal when the parties were in Hawaii if i understand that part correctly. The CEOs son as it turns out was on the same baseball team as my extended families close friend. If you want to know the extended familes friend i will give you his last name Varshney he and his Dad have Varshney Capitals and have been actively involved with lots of juniors including Carmanah Solar and the son Mogo not sure if he still is with Mogo.
Guess who turned out to be the share ruining competitor? Niocorp!!! They literally got control of the company at a quarter but it was a seamless transition nit otherwise effectung those at retail but it cleaned out old management.
I am not saying this is exactly the case here but if it so happens that the CEO is axed due to being voted out because of ongoing bad share value or steps down whatever well there is a possibility that it was a similar type of takeover that happened at IBC Advanced Alloys but there is clearly simething wrong here and maybe as what happened at IBC it was kept mostly contained until the truth came out maybe that is going on here as well. Bottom line Playtech has controlling power. When any company has 25 percent of the shares that is huge.
I dont have any clue what is going on but it sure seems to smell and being played out like IBC Advanced Alloys but again maybe i am totally off. Regardless no reason whatsoever with shares in the shiate hole like this i do expect way better values after the next financials providing they at least beat q1 2023. If it handily beats it then that should ve reflected because whatever is going on here doesnt stink it reaks like shiate no excuse whatsoever so there is something going on and my guess again whether i am totally off or not has to be with more control of the company and i will not be surprised if the CEO gets canned if that happens it is smelling like this to me. Time will tell.