RE: Out3 Oct 2019 15:12
MrEMC2,
Thanks. Best to learn from it for your next investment and good luck with them.
Always best to read both bull and bear points and form your own opinion. There are posters who portray themselves as accountants, solicitors etc and suggest that they have inside information. Have you noticed a lot of the bullish blnx/rthm posters have disappeared and new ones appear.
The way trmr and rthm merged is highly questionable, especially with the statement that they hadn't looked at rthm's full books and operational details.
My posts are all there to see...
When the largest advertiser, P&G, warned the ad tech industry in 2017, to clean up then that was a warning the industry had to heed, do or die... That was when the Industry Challenges started to mount up...
Another privacy Industry Challenge, CCPA, will become effective from 1st January, 3 months time...
The following is from interims, last week, and backup the warnings about rthm, their operations and Industry Challenges:
The profit warning from the company themselves, is there in black and white - as expected...
" This coupled with the weakness in the Performance division year on year means that the Board believe the Company will be marginally behind full year expectations on profitability for 2019. "
The closing of rthm's operations - rthm operations not so good then? -
"Several of RhythmOne's products have been discontinued alongside its demand-side platform ("DSP"). The development of RhythmOne's data management platform ("DMP) has also been taken in-house. This initiative created an operational challenge for management, however they believe the decision will markedly benefit the company in the medium-term. The reduced development, maintenance and data centre costs form part of the wider initiative to streamline the Company's operations."
Industry Challenges continues to affect trmr - As expected..
"The performance-based division has continued to be impacted in 2019 by the well-documented headwinds which have affected both topline revenue and profitability. "
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