A huge amount of the Metrics sale price paid off the debt. IF Metrics wasnt sold they would have gone bankrupt. I think they got about 12 times turnover/?? and all that goodwill paid off the MASSIVE DEBT THEY HAD. Its no good complaining about not having metrics. If metrics was still here, the debt would be here to - at much increased interest rates. ALso if I remember correctly the profit Metrics made was the same as the interest on the debt.
HOPEFULLY MYX grows Nextstellis and can coax other manufacturers to allow MYX to market their products via their sales force. This is where MYX is at the moment. Metrics was a minnow and coulnt compete with the big players - it had to be sold.
MYX Price at posting:
$4.72 Sentiment: Buy Disclosure: Held
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