Toby Hall ,Update .17 Sep 2019 16:37
Good afternoon all.I prefer to communicate with TH after a set of financial results,however,I have been wanting to gain a better understanding on .Luxe and it is for that reason that I contacted him,resulting in our phone call and an expanded subject matter ,necessarily,limited by the financials due in a couple of weeks.
.Luxe.
Although,making a good contribution to revenues,.luxe is still in the early stages and still considered an R&D property demonstrating good progress.Currently,it is in the pilot phase of testing the multi-chain solution with a wallet and exchange partner ( As a crypto user ,I believe this is the critical key to unlocking the potential that .luxe offers) ,keeping MMX at the forefront in this emerging growth area.Im greatly encouraged at this point in .luxe development ,after feeling that we were not achieving the potential that it offers.A lot of work is being done here.
Buyback
I come to this subject with little interest in seeing it progress,much preferring to save the cash towards a dividend ,however it has dominated the B.B. in recent weeks.
Unfortunately,TH did not want to be drawn to deeply into the subject but ,”it’s clear that it has triggered additional institutional interest from other quarters that is significantly greater than the quantum of the buyback” and we know this started at the time of SJLs sale..I am satisfied that there is a clear strategy and perpose behind it without knowing the exact mechanics
Adultblock
The Adultblock offering is a vastly superior product to its predecessor and in a world where greater security is required ,TH has identified and steered this property through to ICAAN approval and prepared it ready for our partners to market .The customer feedback is positive and the first partners are now starting to introduce the product to their customers.Toby is pleased and encouraged by the progress and looking forward to partners gearing up sales activity through to the end of the year..Unlike a tld launch,this is not a one off moment,it forms a part of a much larger brand protection plan. I liked the sound of that.
Ntldstas and company valuation
Although Ntldstats has been our guide to performance it is becoming less accurate as a measure of total performance,all the more so post Adultblock.still useful but not the bible it once was.
Much has been made in recent times of the vulnerability of MMX to a low ball offer ,given its SP.
I addressed this point. TH was clear that the SP has no bearing on what a potential acquirer might pay.Any offer for the company would be based on the quality of the business and not any current market value.The simple fact is that any offer would have to be accepted by investors and “low ball offers” would be and would be known by bigger fish to be a waste of time..We have in the past discussed the factors that come into play,synergies ,predictability of annuity income ,future and present potential etc
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