If you think the dust has settled, think again. I’m going to do my best “Carnac the Magnificent” impression (look it up for those under 50) and predict what’s going to happen…
- Sale of digital banking division goes through
- Most of the proceeds of the sale go to paying down debt and staving off bankruptcy
- Stock ticks up just enough (maybe $15 - $16 range)
- Product continues to plug the holes in the software
- They announce a few partnerships
- Stock price stays in a place that tantalizes but never really satisfies investor analysts
- In another 3 months (probably before the end of Q3) more layoffs occur
- Some time in Q4, a buyer emerges for what remains.
- Come 2025, Voyix is bought and is absorbed into company not for its tech, but for its client list.
For those of you who are still hanging on, ask yourself if you’re critical to that path of making the company just attractive enough to be bought. If not, you’re likely part of the larger plan to slim down the company.
Let’s be clear - this is a fire sale. The layoffs are a part of a negotiation with the market to get company into a place where it can be sold and the shareholders can recoup their investment.