The Review.29 Jan 2018 14:22
I think it would be well for all those connected to MMX to consider in a sober and objective way the value in continuing the review process.To my mind it would be the exception ,if after eleven months of negotiation we didn�t end up with a watered down version of what was first envisaged at the beginning of the process.
Management have excelled at increasing tld sales and have lead this company into its maiden profit however,One must ask what they would have been achieved without a ball and chain around their legs.Would we be seeing Chinese character domains flying of the shelf rather than halted? Would we have another tld being prepared for launch? Would we have had RNS details on failed auction revenue? Etc.Is our operational progress being slowed because of the review? I ask the question.
As for MMX as an investment ,the focus is on the outcome of the review and not on the business and as a result we see a single figure share price.
I take the view that this review is damaging on all fronts.Toby Hall describes the process as �frustrating� Why ? They came to us .Let� interested parties� meet our terms or close to them or be invited to return in a year or so when the business is more mature ,and then they can pay a higher price.Lets have the courage to say ,enough is enough and move on as a stand alone ,profitable business with a bright future.
I call on management to end the review process unless it can be concluded in a week or so.