COUNTDOWN9 Feb 2011 12:29
continues.......we only have 13 trading days left ........so it will be make or break time from anytime now till 28th FEB.......my money is on successful outcome.........what are the likely outcomes?....
1. VYKE can confirm of TAKEOVER talks perhaps by BLS telecom like it has been suggested at around 5p
2. VYKE can come up with +ve numbers in their preliminary announcement.......they can be from several sources such as MY nigeria, VYKE UK, Apple IPHONE application and etc...
3. " The board of Vyke (the "Board") is pleased to announce that the bondholder and the lender have each agreed to an extension of the deadlines of the Payments to 28 February 2011 in order to conclude discussions which the Board believes should facilitate a long-term solution and ensure Vyke should have have a sustainable business model moving forward."
from the above it seems like if VYKE can convince the bonholders/lenders of sustainable business model for the future, then payments which are due shall be extended..........with recent changes on the board and new applications coming forward such as My Nigeria I believe the Board is moving in the right direction and remain i convinced deadline will be extended.......
4. I wouldn't be surprised if a MAJOR contract is announced or announcement of further develpements in new applications....
5. Announcement of a major placement....that can be at a discount/premium to current shareprice....
6. I would be surprised if VYKE turned around and said that they are changing their business model.....like many companys have done be4 them......i'e from telecom go into natural resources business.......now that would be interesting if they did that, like I said i doubt they would take that route......
Their are many possiblities the list can go on.....one thing i am almost sure of and that is a +ve solution will be found.....and VYKE will survive and live on to see another day........
I also, have always maintained element of RISK VYKE holds in that if it does not come with the goods it can go down and out............so ADYOR be4 investing....