The9 Limited (NCTY) Stock Soars On Asset Sale

The9 Limited NCTY Stock News

Reason #3: $69 Million Is A Lot Of Money

At the end of the day, this is a very high value transaction. Of course, there will be costs associated with the transaction, but $69 million isn’t the kind of money that just lands in your lap.

This is enough money to completely eliminate the senior secured debt, and while there won’t be very much left over, the remaining balance from the transaction will help to improve the company’s balance sheet.

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Final Thoughts

While there’s no denying the fact that NCTY has plenty of work left to do, the company has made a huge move in the right direction. All in all, the stock is quickly becoming one to watch.

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