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$GAME $1.99 had a nice accumulation day on Friday on above avg volume. There was a 6k issued today for shareholder vote on March 8th for the intended merger with Gamesquare Esports (GSQ.CN / GMSQF). Not seeing much if any social media buzz yet, likely a result of the impending deal. Jerry Jones is (GSQ.cn) and will be the largest shareholder of ($GAME) post merger. I can't see Jerry being muzzled for much longer.
This one is dirt cheap. Post merger based on ttm revs and based on issuance of shares to GSQ
P/S = 1.05
Sector P/S = 5.25
FV = $9.34 imo
Jerry Jones (Owner of Dallas Cowboys) is one of the largest shareholders of $GSQ and will be the same of $GAME post merger.
Sub $1...
That's where all the IBs want this to go. and with that minimal share structure, they will swallow all the available shares and sit & wait on that patent litigation. It may take years, it may get to delisting points, but that possible gamble on the potential payout from the betting app giants could net billions..Let the turd float, until they flush it!! Then load if you can..
Looking for higher on the reversal. Bullish
Not new but $GAME had some big swings & I flipped it twice the last 2 days.
Will be watching how it trades Thank you for the advise.
Funny...
You must be new to the GAME, straight P&D off those numbers, your $4.18 quote is a new bag. Saw the weBull & rHood crowd orchestrate a wonderful pump last night & this am, saw near $6 prints, and now the bag holders will gather to compare bags. Good Luck to You! Entire 15M O/S has been churned 1.25x over the last 24hrs- that tells you all you need to know.
$GAME 4.18 nice Earnings
Y 2021 Revenue of $37.2 million , up from $10.5 million in FY 2020, an increase of 253% YoY
FY Q4'2021 revenue of $11.8 million , up from $7.0 million in FY Q4'2020, an increase of 67% YoY, and up 22% from $9.6 million in FY Q3'2021
Cash position of $15.3 million with another $8.6 million in receivables as of fiscal year end
NEW YORK, NY / ACCESSWIRE / November 23, 2021 / Engine Gaming and Media, Inc. ( "Engine" or the "Company"); (NASDAQ:GAME)(TSXV:GAME), an esports/sports social gaming, commerce, and next-generation media solutions company, today announced results for its fourth quarter and fiscal year ended August 31, 2021 . All amounts are stated in US dollars unless otherwise indicated.
For the year ended August 31, 2021 , total revenue was $37.2 million , up from $10.5 million in FY 2020, an increase of 253% YoY. Total revenue for FY Q4'2021 was $11.8 million , up from $7.0 million in FY Q4'2020, an increase of 67% YoY, and 22% higher than sequential FY Q3'2021 of $9.6 million .
For the year ended August 31, 2021 , net loss was $40.7 million , an increase in net loss of $8.4 million from FY 2020 net loss of $32.3 million . Net loss for FY Q4'2021 was $13.5 million , an increase in net loss of $3.4 million from $10.1 million in FY Q4'2020. For the year ending August 31, 2021 , net loss included $18.5 million in non-cash expense (income), and $8.1 million in FY Q4'2021. Refer to the table below for itemized listing of these expenses.
The Company had cash of $15.3 million and $8.6 million in receivables as of August 31, 2021 . In addition, the Company had working capital surplus of $10.4 million after excluding non-cash warrant liability and legal proceedings provision.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166886373
Good Exit Belg..
GAME has really left many holding some bags, all the promise for so long ended up just being a dud. And the whole patent suit vs patent suit is a bit hilarious. Got to wonder if it's going under 4 into the 3s soon.. I think IQST will be fine, it's just been dormant and nothing seems to move the price of late. Whole OTC been in lag mode
Glad I sold this out on time KingsKnight!
Hopefully IQST does much better, otherwise I am dead!
How Low Will It Go fellas???
Hopefully you slick cats all jumped off this sinking ship on time.
Hope the kid Bondo & 1010 Henmaster all made it out safe from the burning building.
Holden, glad you wised up before lightning struck.
Will it see 3s???
LOL… pitiful.. wonder how 1010 is?
Copy that… garbage
And the game begins
Couldn’t help myself to get back in for 9k@$5.40009… Who knows, as least hopeful to get a few of my dollars back. A bit concerning that it has encroached on the 52 week low so close but I will hope for this support to hold
10,10… You still in this turd?
Thx, seems now I missed the boat but no expectations here of holding above 6. Was going to grab a few if it got down to right above 5.5. Maybe best for the bag ladies as if I enter it’s sure path is down. Going to have to sharpen the tech sword before more battles with unseen forces that push stock against me. In the past, cross referencing tech against loses alway seem a no brained that I should have exited long before my emotional attachment broke. Speaking of broken heart, 10,10? Would love to hear Tommy boys angle..
Bottoming Her Out!
Been keeping an eye, side eye that is on GAME. It's seemingly entering the channel of $5-7+ trade. There's a lot seemingly going on. There are more shares now 15.3M O/S, there's this new ATM cash machine they opened up today for up to $50M of At the money share sells to generate operating expense flows if need be out till 4/23. And, it seems that there are now options available on the ticker [https://www.optionistics.com/quotes/stock-option-chains/game]
In terms of the stock price, it has still been in a relative decline on the weekly. On the daily it looks like it wants to retest the sub 6 zone, which it seems to touch daily these days. The daily PSAR indicator actually has it in a 4 day uptrend off the previous lows. I'd be a bit worried as the volume tightens up. Saw it went under 100k volume on Fri, and today it touched about 150k. Either the interest is waning, or just less sellers and buyers care for it.
As for the charting...I would say to be capable trader. You have to know charting and particularly certain indicators:
RSI, MACD, Bollinger Bands, MAs, and PSAR. Just knowledge of how to use these indicators [on both daily & weekly] can alter ones odds drastically. Que up vids on youtube, it gets easy with repetition. https://school.stockcharts.com/doku.php ChartSchool!
[Daily v Weekly Below]
Well, Well, Well… With you off to the hills I had given up but figured I’d give it a shot today. Still no word from 10,10 I see.. Yess the bloodbath continues.. I was so impressed with your numbers I was hoping to get your opinion on the bottom here, $5.18 stands out of past and how the hell you came up with some of these numbers. I’m a little rusty at the ol tech angle but very interested of situational strategic angles. I noticed you went from daily to weekly? Maybe some helpful hints for an old friend or direction for self research… I have a few books on it but can never stay awake after a few pages. Crossed maybe with some sort of volume analysis? Maybe your just a wizard though and roll with just innate flow?
Hello Darkness, My Ole Friend
How are the Gameboys doing? Up, Up, Down, Down, Left, Right, Left, Right, A B?!?
Or is the code just Down Down Down Down Down Down?? Looks like BoondongleKiddo guessed
the journey into the 5s price mark correctly, albeit a week off. New Lows printing daily.
Tommy Boy got a fireside chat tomorrow, tune in & tune out!
Aloha from Kona… Sailing the seas of cheese.. Don’t go bud, we need your expertise on great angles :)
Red Alert!
What I expected occurred, down it went with earnings. Clearly, the market thought little of their numbers. From a quick day chart it pumped to $7+ & dumped into the red. Volume #'s slipping downwards.
Quick glance on the #'s ~40M run rate, losing $1/sh annually ($15M), where's this grand asset you speak of? And please don't say it's Hatchet, & is worth xyz,,clearly it's not valued by the market as such. Engine market cap sits at $96M.
Anyway hombre,,are you canuk? saw that "eh" stuck in there & thought oh this guy may have been roped into the game by the rbC/CiBc boys.. LOL. Anyway, I'm done with GAME. So enjoy the wait on it. Bagholders[$7-$14] will get even eventually..But this is headed into a channel lock zone [say $5-8, being generous with $8 even] and contrary to your assumption, the bottom is not IN!! Still Falling Bud! Good Luck to You & anyone who jumps on Board Game..Parcheesi/Monopoly/Chutes & Ladders/Life/Risk/Clue...GAME Over & Out! Deuces!
My only point was that you were expecting terrible #'s and the #'s were far better than you could have imagined eh? There is one valuable asset inside Engine.
Hey Kid Gloves..
What the heck were you so hyped about for Monday?? Was it that you got a tip off that earnings were flopping Monday morning?
I'm not sure how my point of view changed today..but keep at it! Another red day brewing with diminished volume!!
KingsKnight,
Monday you will have a very different point of view. That's all I'm saying.
Kk
Let's see what Monday brings before you make that call.
Monday Won't Change A Thing!
Based on Facts- after my exit, it tanked 60c more so, I did not sell the low. And, as I said prior first week of August I expect to see new 52 week lows print.
I have let this hoe go free, and I am off to tend to the other hoes. She was a poor worker! Monday will be more dud action & diminished volume unless something significant occurs...Good luck.
Last I checked, I did not see shares in bulk available to short. You have data to prove otherwise?
KK, Again, agree on all fronts. You are very intelligent when it comes to this name. The conversion of the $15 strike warrants would take place if the stock was above $30 for a period of time. That's obviously a dud.
Any life in the stock right now has been met with large selling.
You can short the stock all day long, this I know.
Based on your opinion you may have just sold the low?
Make sure you are up early Monday. I think you'll be surprised.
..................
Game's Gambit..
My thoughts are if they can show an earnings that allows them to be seen for the first time to the public/retail market as more than just a patent troll, it may be its last shining beacon. They have shot & missed, the NAS debut- bust! Fin Media Pumps- bust, lawsuit filings- bust. If the earnings flop, they have zero catalysts on the horizon. What are shareholder to look forward to?
The NAS listing was a long awaited & hopeful start of the next stage. Instead we see what's happened. My expectation is the release takes it to new 52 week lows.
In regards to "broken financing" Engine did manage to get debt to equity conversions & sell shares for the private capital raises. Those buyers are now underwater, and I'm sure they have the pockets to withstand the wait. What they did fail miserably at are those warrants, which to my knowledge had auto conversions at $15/$30 if the price maintained. That would have been a significant capital raise but the likelihood seems highly diminished now. Will be interesting when this ticker becomes shortable & what then occurs. The short side has been minimal since the debut.
The upside here will now become like the frenzy Wednesday trading that occurred. Pump quick, sell hard. Retail will be looking to ease those bags..or heck some may be loading up & waiting for any bump. One thing for sure, you're not going to see the 1x-5x that the IBs in Canada touted to their peeps.
This will find it's trading channel/range, as the volume normalizes to average...GAME 4Now Over!..watch for the share printing press to be turned on, keep your eye on the O/S!..Good Luck & may the Kings bless you in This Duel......Fin!
KingsKnight,
So you believe a good earnings release makes a difference? There is so much for sale being its broken the $7.5 private mark. I dont think good revenue numbers will matter for quite some time. Too much for sale from the broken financing.
Appreciate your intelligence and I agree with all your thoughts. Except upside to the stock. The days of $7-$10 are long gone.
Art of War..
Patent warfare is such that you actually want your adversaries to go years, and make billions. The pursuit is to eventually say hey look how much money they made using our IP. The betting market growth will be exponential, more states will adopt. And betting & losing money on your phone will be as easy as betting & losing money on the stock market. Life is to be gamified at all costs!
I am not sure how aware most are about these deuling lawsuits, many traders jump into tickers without rhyme or reason these days. A hot tweet turn a stock into hot shit in minutes. But, many now are bagholders & will start to see the bigger picture. If GAME's first earnings release on NAS is a hot turd, then this company will be dubbed a patent troll, and that's a title they won't easily shake.
Lockton & WinView(old) did have these patents- they didn't seem to ever have the capital to chase the enforcement. If you look back, they were one of the first to have that sort of predictable game app, it never got legs but they for a while did have a product. The giants came in & they are not going anywhere. And now to defeat them it will be a long drawn out battle. With the takeout/merger of WinView the patents got bundled up & taken. They didn't need the creator anymore it would seem. I'm still kind of amazed it got taken from him. But money trumps many things in warfare.
When I mentioned "wait till they expire" I was joking. Once they've filed, the declaration of war has begun. Now it's about who has the better soldiers on the battle field & who can outlast who. [as an aside, NLST has been a banger of a stock from under 50c, and on the OTC you never know how high it will go]
Hmm, so GAME is at ~35M rev run rate, then 1.5x/sales would be ~52M Cap, which would be ~$3.7/sh...so yeah $4.. but at $4 who knows what the picture looks like there. One might say hey they have $20M in cash, well that cash best do some work if their earnings are a dud. So I do think a lot hinges on this release coming 1st week of August. If it gets the official "patent troll" stamp due to that, then it will find a trading range & just trade in channel. Right now you see it developing between ~$6-8, with volume tapering off weekly. When interest is lost, the volume will likely find it's way back under 100K/day. The CNBC/FoX pumps failed, but I am sure they will be revisited. At the same time, they could release a turd of an earnings & shoot up 25%, that's the markets we exist in. I will sit on the sidelines for the game.
Watch you gladiators battle it out for the $7,$8,$9,$10 goal lines...any bet takers on if it sees $10 again before 2022??
>>
"“According as circumstances are favorable, one should modify one's plans. “All warfare is based on deception”
I agree with you. Only point I was making was the 500 point drop killed the gap up that most likely would have followed the next days open and then the stock would have gone down the rest of the day.
Seems to me these patents are EXTREMELY valuable because they are foundational and David Lockton is a legendary inventor. I think the stock would have performed much better if Lockton hadn't signed the amended lawsuit the same night Game filed against DNKG. So I wonder if that was strategic on Locktons part?
When you mention patents expiring how come Netlist doesnt seem to have that issue?
If you look at Locktons patents that DKNG and Fanduel are supposedly infringing upon they are patents built on prior Lockton patents from circa 2005. Foudational.
So I always felt that if Lockton wasn't on the team then how would the patent portfolio continue to evolve and grow?
Appreciate your replies. Again, you are the most intelligent guy on these boards I've ever encountered.
So you are thinking $4(1.5x revs) you might buy back? Should be there this week. LOL
Round 1 Fight!!
Really if the GAME was truly on, the 500 pt gap down on the broad markets would not have buckled it.
The GAME got turned off that Wednesday evening, and really the morning was just the continuation & the beginning of the new slide down.
I did take time to read Lockton's suit, really good reading. Everyone should read this salacious tale!!
https://www.diamondmccarthy.com/wp-content/uploads/2021/07/2021-0058-07-08-21-First-Amended-Verified-Complaint.pdf
And if you read through GAME's SEC filings they certainly acknowledge the risk of the suit causing hindrance to the future pursuits ahead with it's IP protection filings.
How does it look that the patents they are suing on, they are being sued for essentially theft of intellectual property? There's a bit of goodwill that gets lost with patent trolls, but this is on a whole other level. The public markets generally frown on patent trollers -until they get a payout, then new chapters begin and the cash windfall rolls in-happy times. But with this suit, it would appear that whatever they recover may have to be parceled out to the owner/creator of the IP. Either way, those large companies will not settle for years & they have the capital to bleed Engine out. Maybe they get it to last so long in courts the patents expire LOL
Lockton will now get help with this lawsuit from the true giants [DKNG/Flutter/etc ] The enemy of thy enemy easily becomes friends. He truly is in the driver's seat, obviously they[GAME] seem to think the patents are worth money, and have for years now. This is not anything new, but there was a failure then to persue, and now after the grand larceny, it off to the courts on all fronts. You take a man's life work in that manner, there's little chance he'll come on board. Gonna have to pay the man, but he now has no reason to accept any payment when the future will dictate what it's worth in the courts..Just my thoughts, don't mean much.
Look, the lawyers will eventually get the pound of flesh. 2027, 2030,2035,...when they say go long, patent cases are just that. If they ever get GAME to bleed to a possible delisting,,I will be a buyer there, or maybe at 1.5x sales. These roads are long & winding. I wish you the best on it, but there are a lot of unhappy people in 2 countries on this ticker, and all thought & were told this was the best/next thing coming!!
Kingsknight, I agree on all points you made. You are well versed in the hype of this name. I couldn't have spelled it out better. I'm hoping its not $5 by Wednesday.
I'd be curious to know your thoughts on the Lockton suit, being you are the most intelligent person on these boards I've ever chatted with. And how much that actually hurts investors perception of the patent suit and patent portfolio. DKNG and Flutter's next moves?
Jeffrey Parkers patents are tops in their class and what makes it such a standout to me is he is the guy orchestrating the suits. Most trolls dont have the inventor front and center like Parker. What does engine lose not having Lockton on board?
Thanks
So the only point you left out was the 500 point market gap down the morning after the stock popped to $14.
Bear Trap...
So here's the thing on the action that happened that Wednesday when they released the filing vs DKNG news- social platforms picked it up & it became a hot ticker. With no DD, many retail traders in frenzy & with online pump touting it, got the stock rocking and pushed it up 25% to over $14 with about 1M volume flowthrough. Most had about 2 hours in this frenzy zone to act. Quickly, the erosion began and a classic trap was laid where some smart IBs [get to that later] dumped to retail at inflated prices. The ticker has not breathed air since.
The IBs are investment banks, with GAME share structure the way it is where all the shares are freely available, it's clear that the banks/hedgies are the ones holding most of the available shares. This was not retail with capacity for have those kind of share holds. So they likely are in control & retail will be at the mercy of their moves for the duration. That after hours frenzy created a great bear trap, many bag holders on the retail side with entries at $11-14(all the way to $7 are bags) This stock has not been kind to retail holders for years. There were multiple trading halts in Canada for months, 3 reverse splits, a year long NAS review to uplist, and the crash on launch. But for a couple of hours yeah, the exit door opened. There are many that at the advice of IBs in Canada went large last year on this ticker, it was well touted in circles & a rosy bloom was apparently ahead. They dangled the carrot & many horses nibbled. Those folks are now wondering when they'll ever see their money back in the green. The next 2 weeks will be critical for this ticker!!
KingsKnight, Very refreshing. You know the game for sure. I agree patents take a very very long time. And I agree with your move. Im just a bit surprised you didnt sell on the DKNG suit? Being you know it was going to be years and the stock acted like crap. By the way what is the abbreviation IB? Thx
That's correct Sir!
Correct, no more mod here, so I left the iBox as it was, no more updating there.
Will leave that to another passer by. Trade was flat, higher returns available elsewhere.
Actually, I know quite a bit about the assets. I also am quite aware of what happens to patent trolls on public markets. While they may have value, IBs love to tank them to the ground & pick them up extremely cheap. They of course have the capacity to wait 5-10 years for an asset holding to pay off. Look at the NLST/CROC/etc patents suits,they are well into 10/15 years. It's only now NLST is getting it's reckoning, 10 years into the process. Go back & look at the TiVo case, how long that took. Thing is TiVo had a truly viable market share & business. Engine, really has to show themselves as being able to be a rev grower, but with 14M O/S, this may lose $1-3/sh on earnings. Plus the cost of revs are quite high. Look, the market wants this lower. The IBs/funds wants this lower. It matters not what you or I want/ed here.
As for StreamHatchet, data powerhouse for sure. but that really doesn't matter at the moment does it??This is now under $100M cap. This will take it's sweet time to give holders $10 again. The bullets have been shot. KingsDuel! BagHolders Unite till hands turn dust to diamonds !!glta.
Nice trade KingsKnight. So no more moderating here?
So I guess there wont be anymore postings! lol
No one left.
I always thought you knew a good amount about Engine media.
Guess you really don't know much about Engines true asset value.
Do you know the value of Stream hatchet? Probably more then the entire co currently trades at. Good luck.
End GAME...
Well I had to go back & peep my first post on this board. Glad to say this Game has reached it's end & I'm done here.
Folded up shop & I will be on my way.
This went down exactly as I had posted & once again a new low was established...What a hoot that a year or so ago this was still at sub $7, and here it is again. I wish you fellas the best. Traders are chasing GAME now for the bleeding knife,,I wish them the best with that. 1st week of August will dictate a lot about the future of GAME. Those earnings best not spell PATENT TROLL else this stock will be branded as just that.
Scary shit with no filings… Game? Ever going to stop? Every time I look at it it’s down more
Garbage..? I was scared of it before as it is defunct lol.. I’m up a bit and getting out
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