Q: Hi Peter, I've held EGLX since 2021 in my RRSP and my cost is 3.91 ( haha good for me) it's hard to let it go especially because it's in my RRSP. Is there even a chance of a slight recovery, takeover, if so what could they offer for it, or is it time to bite the bullet and sell. Thanks
5i Research Answer:
Anything is possible, but considering the size of the company a merger is probably more likely than a buyout. It now has $23M debt and cash flow is negative. Control is in the market and we are sure shareholders would take just about anything. 25c might be a merger price target, but we are just guessing here.