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Cryptologic The Crooks Going Down The Toilet! Cryptologic The Crooks De-Listed, Booted Off Toronto Stock Exchange Index.
CRYPTOLOGIC the crooks de-listed, booted off Toronto Stock Exchange Index.
The Cryptologic crooks are reeling from the biggest blow yet. Standard and Poor's has announced it will dump a number of poorly performing stocks from its benchmark Toronto Stock Exchange Index, and heading the list of issues to be booted out is Cryptologic Inc. (Toronto:CRY.TO - News).
This is in keeping with its promise to delete "small or thinly traded stocks that are difficult for funds to purchase." The news came after the markets closed Tuesday so expect further selling of Cryptologic junk stock.
In January, the index manager said it would "tighten the criteria for inclusion, toughening standards of market capitalization, liquidity, and share price and leaving some former big names out in the cold."
The delisting will make it even harder for Cryptologic to come back. The company is likely to be totally shunned by investors as a result. We warned our readers to get out fast for many months, if not years, and those who followed our advice at least saved some of their money.
Cryptologic's proud boast it sends out in press releases in the rubric "About Cryptologic" has rebounded in its face, and will come to haunt the company in years to come.
CryptoLogic, ranked #1 in the Profit 100 listing of Canada's fastest growing companies, continues to innovate and develop state-of-the-art Internet software applications for both the electronic commerce and Internet gaming industries.
Instead of being one of the fasting growing companies, it is now one of the fastest declining companies!
For the industry this has to be extremely good news. The sooner the crooks go down the toilet and the better for the industry and that is the right place for the “Mafia” of online gaming!
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