Simplicity Esports and Gaming Co (WINR)

[DawgTrading]

$WINR Ok some light volume upward motion... start running biotch! July around the corner maybe the deal finally getting going.

[Jake731]

Never seen that before, but i see the ticker symbol.

[DawgTrading]

Does $WINR have anything to do with the Token WINR?

https://coinmarketcap.com/currencies/winr-protocol/

[DawgTrading]

$WINR I mean, if they are trying to expand this franchise, this one in Columbia SC has great reviews on Google.

Hopefully they are imagining more than just console arcade, and bringing in more/different type of game arcade gambling entertainment.

https://www.google.com/search?q=Playlivenation&oq=Playlivenation&aqs=chrome..69i57.2787j0j7&sourceid=chrome&ie=UTF-8#lrd=0x88f8a307c29f3643:0x2ae460c7f4ca1696,1,,,,

Lets see where the new management will take this, if they do the exchange.

https://divertedriver.com/blog/f/diverted-river-update-pinball-and-ax-throwing-is-just-the-start

https://www.facebook.com/PLAYliveColumbiana/reviews

[RKMKE]

I believe they need to let it breath.

[DawgTrading]

https://twitter.com/DawgTrading/status/1663952105327951875

[DawgTrading]

$WINR - SS looking solid.
https://twitter.com/DawgTrading/status/1661057505290493953

[Jake731]

Very interesting

[DawgTrading]

$WINR So it looks like July this agreement is happening. Older promissory note holders getting equity 5% for its consideration of merging with diverted river.

https://www.nasdaq.com/press-release/simplicity-esports-signs-agreement-to-convert-promissory-notes-into-5-common-stock

[Arnold25764]

This ever going to move up again?

[justnkz]

Boca Raton, Florida, March 31, 2023 (GLOBE NEWSWIRE) -- Simplicity Esports and Gaming Company (OTCQB:WINR) ("Simplicity Esports") entered into an exchange agreement with all of its convertible promissory note holders to convert certain of their notes into common stock that totals 5% of the issued and outstanding shares after the closing of the Diverted River exchange agreement.

Simplicity Esports also entered into an extension of the previously signed exchange agreement with Diverted River. Pursuant to the terms of the exchange agreement, as amended, Simplicity Esports agreed to acquire 100% of the membership interests of Diverted River in exchange for 75% of the issued and outstanding shares of Simplicity Esports' common stock. The parties agreed to close the transaction by July 14, 2023.

Roman Franklin, CEO of Simplicity Esports, stated, "I am delighted that we have secured an exchange agreement with our convertible noteholders to swap certain of their notes into 5% equity. I see tremendous potential with the Diverted River business and I think the 5% agreement with noteholders is a testament to their expectation of future value in the company. Diverted River's founders have laid a solid foundation upon which to grow Diverted River into a powerhouse public company servicing the technology needs of the broader $35 billion family entertainment center industry in the U.S. and abroad."

Following the closing, it is expected that Simplicity Esports' name will be changed to Diverted River Technology, Inc., and the business of Simplicity Esports will become that of Diverted River, an Entertainment Technology Organization (ETO) focused on a sustainable, high margin, recurring revenue business model that requires limited capital expenditures. It is also expected that Zack Johnson, Diverted River's CEO, will become CEO of the public company following the closing.

Mr. Johnson, CEO of Diverted River, added, "The noteholders agreeing to exchange over $6.1 million in debt into a 5% stake in our combined businesses is a major step toward closing our exchange agreement with Simplicity Esports. I look forward to working closely with Mr. Franklin and the Simplicity Esports Board of Directors to complete the remaining closing conditions and finalizing our transaction as quickly as possible."

The transaction is subject to standard closing conditions, including the repayment of certain debts and achieving a minimum amount of working capital.

AboutSimplicity Esports

[Arnold25764]

What's this mean more dilution coming?

[justnkz]

The agreement converts over $6.1 million in debt into 5% common stock ownership in the combined companies at closing of the Diverted River Technology, LLC (“Diverted River”) exchange agreement.

[justnkz]

$6m debt becomes 5% equity- Diverted River extension signed - Progress $WINR

[justnkz]

looks like 0 or Bk

[RKMKE]

Seems like they are diluting.

[Arnold25764]

Where this stock going to zero?

[Jake731]

Now under Grace Period.

[Arnold25764]

$WINR on close watch.

[TradeSmart.ai]

One slap to NHOD $WINR

[TradeSmart.ai]

Added more yesterday $WINR

[Jake731]

Churning well.

[rbb]

$WINR - moves easily...

[rbb]

$WINR - $.0329

[DawgTrading]

Bids coming in throughout the day.

[JJZander]

Boo

[aristotelisonassis]

New 8k out:

https://www.otcmarkets.com/filing/html?id=16359150&guid=x82-kaUf2kd-B3h

[DawgTrading]

Yup disappointed i mean holding some shares incase they let one go.

There are still people accumulating this from the looks of it.

[aristotelisonassis]

Wow. -34% so far. Great perfomance today. No news. Nothing.

[Jake731]

Good morning all.

[aristotelisonassis]

from Twitter:

Roman Franklin
@Roman_Franklin1
·
3. Okt. 2022
I’ve received numerous phone calls and direct messages asking about management and directors selling shares of $WINR. You can see from the SEC Form 4 filings that none of our Directors or Executives have ever sold a share of $WINR. #DivertedRiver #Mergers

[DawgTrading]

Get ready wave 2 ASCM on the anvil again.

[rbb]

$WINR - acting like news is coming....

[aristotelisonassis]

Needs more buying volume. Later today or tomorrow. Once we break 3cents it's on fire.

[DawgTrading]

Wave 2 coming when? This gets that PR it should shoot for the moon.

[DawgTrading]

Interestingly OS went lower... this is an odd ticker, and possibly could explode higher at any moment.

https://stock-scan.io/OSASGraph/WINR

https://twitter.com/stockscan01/status/1620579063608770565

[rbb]

WINR SECURITY DETAILS update yesterday... Float = unrestricted, so you're spot on!

Additional Securities
Share Structure
Market Cap Market Cap
431,559
01/31/2023
Authorized Shares
250,000,000
01/31/2023
Outstanding Shares
21,686,369
01/31/2023
Restricted
639,304
01/31/2023
Unrestricted
21,047,065
01/31/2023
Held at DTC
20,910,008
01/31/2023
Float
5,643,658
10/02/2022

[DawgTrading]

https://twitter.com/DawgTrading/status/1620796673520967680

[DawgTrading]

I wonder how many freely tradeable shares there are out there. If people hold this this could rocket much higher at this current float.

250,000,000 AS but 80% is going to diverted river in this deal.

200m to diverted, but only 21.x million in the freely tradeable float at the moment.

[rbb]

$WINR - $.025

[Jake731]

Good morning all.

[Nelson2]

Whooaaa where did all the volume come from? I am so deep in losses here my s—- don’t stink! :(

GLTA

[DawgTrading]

ASCM on the bid now... looking good.

[DawgTrading]

Looking ready... lets see if it can bring it.

[Jake731]

Hopefully within the first QTR

[DawgTrading]

Looking good here today, will we hear anything about merger tomorrow?

Id also like to see them file... but ill take merger news instead.

[Jake731]

Good morning all.

[DawgTrading]

GGSimplicity discord has been active as of late.

https://discord.com/channels/567527244184944683/589991122768494603

[DawgTrading]

https://twitter.com/DawgTrading/status/1617710110218014724

[DawgTrading]

https://twitter.com/DawgTrading/status/1615433406556274688