Post by
newdaydawning on Jul 17, 2017 5:01pm
EUO's three XRF businesses are worthless, so says the market
EUO is trading lower than cash on hand. That means the market assigns a big fat zero to Xenemetrix, Xwinsys, and Croptimal. IMHO, the three businesses are currently worth at least 10c/sh.
Comment by
Ringert on Jul 18, 2017 7:37am
I'd say the three subsidiaries have a negative worth since all they've shown to be are worthless money pits... And at this point EUO is probably trading right at cash level, so it's overpriced right now.
Comment by
Chutzpah on Jul 18, 2017 8:51am
Absolutely right. EUO has burned around 10M since announcement of SICPA deal back in November 2015 and the next 18 months if kept at same pace of cash "evaporation" will see it basically become near bankrupt.... at which point they could always sell the royalty back to SICPA at a discount and do a PP and have couple more years or so of f"kng around till retirement...
Comment by
Raptorman2013 on Jul 18, 2017 8:58am
Complete nonsense by the SH!T-SPA. Why is there a 351K bid on the tape? Why are you here day-in, day-out telling pure lies...? Because you are a paid basher...