Post by
gunzod on Aug 16, 2016 5:59pm
re date to discuss 2nd qtr
NYX also announced:
Game 360 Earnout.
The co. announced today that it had issued 1,223,370 NYX ordinary shares @ 2.06 price representing 50% of the earnout pament where the final purchase price was 4.7 million pounds incl the upfront pymt made in may 2015 representing 6.4 X adjusted EBITDA for 2015. the remaining 50% or 1.7 mllion pounds will be paid in cash in the 3rd qtr. of this fiscal year from the existing cash on hand.
Comment by
curiousbuild on Aug 16, 2016 6:07pm
good to see earnings day has been set and company didn't issue those shares at 1.60 level.. The picture will be much clear after earnings and MD&A, I will wait to take full position till then.. CB