yes always a worry when newly listed. The numbers looks really...

yes always a worry when newly listed. The numbers looks really bad if they are saying now 200K Operating EBITDA (so real EBITDA is lower). If I look back they were $3.6M (and CAGR of 37%) then against a forecast of lets go low 4.2M.. And half that assume 1/2nd half are the same which is not really correct as second half probably stronger but given I assumed a slow grow compared to history all balances out. They would need to do 2.1M so they basically have a 90% Miss on PROFIT. Also moving from Growth to reduction using the same logic this means they are fallen at least 10% in revenue ?

I think Axsym looks like a good Aqusition however I would be fairly pissed if I was them given a very large chunk was in equity 3.2M of the 4.3M, and that was at 30% .. depending where things end that could be easily 1.6M in my view. On face value Axsym actually makes more money then the underlying business.

Once again just my view and I might have got something wrong, but not looking great.