AGI 8.93% 76.5¢ ainsworth game technology limited

These comments (again) are utterly nonsensical. Taking...

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    These comments (again) are utterly nonsensical.

    Taking self-appointed credit for "calling it yesterday" is absurd - this is nothing more than mere coincidence.

    As far the remark, "you see, the smart money does not believe that Novomatic is EPS accretive for AGI" is equally nonsensical. Buzzwords such as "smart money" and "EPS accretive", are all great catchphrases (probably picked up from the Sky Business channel) but have nothing to do with the facts here as AGI did not acquire Novomatic as a business to integrate into AGI - the only circumstances in which the concept of accretion is relevant is when an acquisition is merged into an existing business - accretive acquisitions of assets or businesses add more value than the cost of the acquisition. AGI did not acquire Novomatic's business or assets - Novomatic has merely positioned itself as a 53% majority shareholder of AGIs business.

    Again, the licenses that AGI negotiated are licences with AGI. Novomatic is merely a shareholder of AGI so they actually have a significant interest in AGI's success as opposed to "bleed AGI by selling their own machines courtesy of an AGI license".

    Clearly, these comments are factually inaccurate and self-serving.

    On the positive side of the ledger, at least the author of these remarks is consistent.

    My intention here is to demonstrate how foolhardy these remarks are in the hope they do not adversity influence others.
 
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