EBET Inc (EBET)

[Teddytropics]

Anyone been a shareholder as this unfolded with another company..?

And how did it play out..

Interesting to know..

Thanks..

[mugs57]

that was last straw for me! i sold this morning - good luck to all that stick with this in hopes for settlement! moving on to the next lottery ticket! NWBO

[DiamondCastle79]

Looks like a foreclosure sale/auction is underway.

https://www.prnewswire.com/news-releases/hilco-streambank-seeks-offers-for-certain-assets-related-to-ebet-inc-and-its-subsidiaries--technology-company-operating-online-gaming-brands-302187236.html

[infamous]

of course not. why would there be?

[Scott ruby]

Nothing at all .we just wait

[buddynika]

ANY NEWS YOU GUYS....

[infamous]

great. this board went from coinop pumping EVERY DAY EVERY NIGHT and got in all these cult believers(and i warned about this one so many times the red flags). everyone laughed at me. Well, it looks like I was right. noone pretty much posts here anymore. i cant beleive coin still has those stickies up there. for what?

[Scott ruby]

Let's just hope and pray

[mugs57]

nice to see over .10 today! maybe not all is lost for it to still be alive and kicking!

[Scott ruby]

Nice

[buddynika]

3 GREEN DAYS HUH>?

[infamous]

thats BS! no one had news the WHOLE time he pumped all night. now i know youre diluted

[Scott ruby]

Because no one has any news at this point

[Mackbooty]

Man go to sleep

[infamous]

I told you ALL what coinop was doing the last few months. Now why do you think he's done pumping now

[CoinOp]

Yeah a lot of crap stocks I came across over the past near 20 years playing around , but you know what some of those were big multi baggers to the upside too and paid off well at some points in their lifespan too! Sure now years later who cares they were prime movers in their time!

[Scott ruby]

I have to laugh that infamous saids everyone is following u and you are a cult .Everyone bought this stock hoping it would be amazing and looking at the lawsuit it looked like a no brainer hopefully it works out for everyone. I do believe that infamous is shorting the stock .Glad to see u write back and hopefully we will have amazing news soon .my questions now is why did they seal the last docket and when does docket 65 come out and why did they postpone the next court case to August when every court date was basically 2 weeks apart .Good luck to everyone let's get some good news

[CoinOp]

Well this has been up in the air since this lawsuit started and to have this lender pull this after they extended the date to June 2025 yes I am at a loss for words on what they did and why? The lawsuit is the main event and was/is showing a nice progress too, not much to do but see what comes next. We all know the high risk here and high reward possibilities.

No new info to post about so we shall see if anything comes out next.

Been down since a long time here as we all know too, so not much else I can do my only option is to wait and see. I need a reason to add now but not even worth selling for myself being down as the lawsuit is still on the table until we find out otherwise too.

We take these chances and we shall see in this wild market.

[infamous]

that was my point the WHOLE TIME> he was the cult leader here and i told everyone to look at his past post history on Ihub.
everything hes pumped either has gone to ZERO or is not tradable anymore. GO look at his history

[buddynika]

GREEN IS GOOD

[Scott ruby]

Yeah just interesting that he stopped posting .He was non stop

[JHO]

If he is not replying, he probably sold or at a loss of what to say.

[Scott ruby]

Hi don't understand since ebet has Gone down u stopped writing .question is anyone alive out there

[buddynika]

I do not know, it was a comment.....lol

[infamous]

Wth is THAT supposed to mean

[buddynika]

They claim the ebet in africa is licensed under our ebet

[infamous]

my guess is halting of the stock with no more market for it. It stated that RIGHT IN THE LAST 8K in like words

[infamous]

yea just like we heard about the 37mil in debt not extended. there should be other simiilar news soon . i agree

[buddynika]

I just think they need to tell us something, it has been so long, God i hope it is good.

[Scott ruby]

Good or bad what's ur feeling .and why do u think soon

[buddynika]

Should hear something soon.

[infamous]

ANY semi experienced trader knows that if there was even 1 iota of chance that a company would do well from a lawsuit, the stock pps wouldn't be going BACKWARDS. yea from .38 to .06. And the red flags are right in everyone's faces....
Ebet owes MORE than $37,000,000.00 to lenders. They owe most likely millions of dollars to the lawyers. Coinop was originally pumping that even if they get 40mil from a settlement, the math would be 40mil divided by 15mil os or a pps of around 2..60. Well guess what! Its not going to work out now, cause the 37mil and imo like 5mil to 10mil for lawyers have to go to them FIRST. that puts the stock at 0 in that case. Another problem AGAIN is that insiders don't own shares(and there was a REASON for that). Imo, if theres any overage from the settlement, they will pocket the cash and will not be applied to company sustainability imo. Imo its been their plan all along....PAY OFF DEBT and get paid if possible

[Scott ruby]

Question when is docket 65 coming out .also I saw now August14 a date in September and October it looks like everything got pushed back 3 months because they added neo games into the suit .Do u have any info

[infamous]

Ebet has done nothing but destroy all investors. They care NOTHING about common shareholders. Why do you think they own NO shares!

[Scott ruby]

Thank you for your positivity we all appreciate hearing your words of wisdom

[infamous]

im holding a vote as to when either the next horrible news release is or they cease trading on the stock....
My vote is July3 seeing that july 4 is the holiday and EBET LOVES to put out bad news right before one.

[Neffets Luap]

@CoinOp. You are right that this stock will provide the occasional rise and fall to make some quick profits.....but that's all it's going to do for a while, IMO. Revenues in sharp decline in decline, still operating at large loss = no cash, massive debt obligations and limited borrowing capability...they are forced to significantly dilute current shareholders as their line of credit limitation looms.
I'm still watching this one....but not pulling trigger until sub $0.05 for a day or two....then I'll hope for a nice run...and then GET OUT quick!.....lol.
We'll see if my crystal ball has a crack in it or not.

[infamous]

IMO if they get anything, it will be in the 30 to 50mil area. this barely pays for the debt and lawyers. IMO if there is even 10 mil overage the execs will pocket it and the company will still be closed.

[buddynika]

If the lawsuit is 150 million or more, we are golden.

[infamous]

ebet owes more than 37 millions to the lenders and probably a few million to the lawyers. what do you think will be left? this may even stop trading way before that. who knows

[Scott ruby]

Let's pray I am good luck and be happy

[mugs57]

you might be right otherwise we would be selling for .0001! and its actually going up this morning.

[Scott ruby]

I feel they are shaking out the week and a deal is in place .if not we will lose and move on and learn a good lesson .at this point we need to stay positive not listen to all the noise and hope we get the news we are waiting for

[mugs57]

way to keep the glass half full! my concern is that if somehow Arista is involved with the lender - great way to get rid of lawsuit and that is why there hasn't been that much volume after every positive court decision. still don't understand why EBET would agree to the june 17th date moving forward. blows my mind what is going on!

[infamous]

I've been telling you all this since the stock was .26 and here we are at .08! If yu want to follow your cult leader coin-op then enjoy. Yu best check his post history! Every stock he pumps either goes to zero or becomes untradable

[Mackbooty]

Fyi.....
Lender will renegotiate..
Will lose alot of $$$$$, if not..
Those lawyers are on it.

[infamous]

yes its pretty clear they lose money and therefore have no money to pay them.
If the company has just filed an 8-K stating that they will cease operations due to foreclosure, the impact on the stock's trading status will depend on several factors, including regulatory actions and market conditions.

1. **Trading Suspension:** The stock might face a trading suspension by regulatory authorities like the SEC if they believe the cessation of operations materially affects the company's ability to meet its obligations as a publicly traded company.

2. **Market Reaction:** Even if the stock is not suspended, the market reaction to such news is likely to be extremely negative. The stock price could plummet as investors react to the news of the foreclosure and cessation of operations.

3. **Broker Actions:** Some brokers might also restrict trading of the stock due to the increased risk and volatility associated with such announcements.

4. **OTC Markets Rules:** The OTC Markets may have specific rules regarding the trading of distressed securities. If the company remains compliant with these rules, the stock might still trade, but with significant volatility and potentially at much lower prices.

In summary, while the stock may still trade the next day, it will likely do so under very adverse conditions, and there is a possibility of a trading suspension or severe restrictions being imposed.

[OzzyS85]

Wonder how this is gonna pan out?

[Vitamin310]

“The Company does not have sufficient funds to repay the Lender and does not have any commitments for additional funds.”

8K posted on 6/18/24

[mugs57]

if that was a MM shake the tree - all the coconuts fell out!!! go $EBET. buying more tomorrow if still under .10