Elys BMG Corp inc (ELYS)

[grantastic]

Only 'shallow analysis' was needed to correctly conclude this was a doomed investment.

Buying into a software company that tells you up-front "We cannot make profits until we've been operating for 7 years" is ridiculously foolish.

Sometimes the "complex analysis" is just a way to trick yourself into throwing away money on a transparently bad idea.

Not exactly a deep analysis by looking at 2 qtrs over a 15month period and therefore concluding it sucks.

Elys has always said they are in investment phase which was a 3-5yr plan starting from the repeal of PASPA. We are just coming to the conclusion of that 5 year period, so would not expect to see any profits until year 6 or 7.