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Yo BETS people. Sorry been busy. Dang we got slapped around a little bit huh!? I still like the business. I'll catch up tonight. Good luck to all!
Eh imo that's nothing.. Still tiny
Anyone do the math on what the final float will be after convertibles are complete?
I like you haha. Needs to be liquid anyway, if they're gonna make it they're gonna make it. If not they won't. It's a penny stock for goodness sake. Personally, I like the business and their numbers.. I'm long
Do people like these guys go to prison? I'm not trying to be dramatic its a genuine question.. What's the point of what they did? Can't make business sense at least I don't see it.. So were they trading their own pump? Certainly if someone cared enough, I imagine you could sue them.. But then again is it really worth it?
Got your message green.. Sorry no PM. And yes I agree here I personally think the q that I saw looks rather promising, but as to be fair to the doctor.. He does have a very fair point in that if he feels current gaming revenue is so tied to their recent marketing activities that without huge cash outflow on such things customers will leave for other providers, and they can't get over the hump so to speak then yea it could potentially be a problem.. But as seen in the only Q I looked at, that (personally) doesn't seem to be the case since the outflow went down and inflow went up, not up in unison.. So fair point, but I disagree and don't see it as a problem.
Ok just looked..gaming revenue doubled year over year and sg&a expenses are back down. I'll take the time to look over it when I get home, but quite honestly that's the first line I went to for a reason. That's all I wanted to see was the sg&a back to manageable and gaming revenue up. Sorry I haven't kept up with the news so if there has been developments in the financing I don't know of I apologize in advance.. But doctor, to address your concerns in that post.. Expenses are down, revenues are up, and imo when/if that financing comes in they'll be able to get rid of all the bad debt if they want to. So as optimistic as someone can be about a company strapped for cash with 4M deficit, that's where I'm at. Remember it's a penny for a reason after all..
How can you say revenues aren't growing? Their revenue figure is non gaap, which admittedly is frustrating, but people are betting more, consistently, quarter over quarter. And who the heck doesn't buy revenue? There is literally an entire industry that facilitates the buying of revenue, aka marketing. I don't know one company in the world that doesn't buy revenue. From joes burger barn to the coca cola company. So that's a moot point to me, haven't checked anything new so I'll look to see if there's s new Q before talking about it haha
The loans, if I remember correctly, were almost all share backed and at due date could be paid with by stock. It wasn't a lien like situation (Ex. Your home with a mortgage).You think a tiny company is stupid enough to allow their company to simply be taken over upon default? Nope. The whole economy is debt based, you refinance, find new investors to consolidate old payables etc. etc. People(VC's) and Banks certainly aren't stupid, and know exactly what they're doing loaning money to companies like this, they default all the time. I've done this work before, although admittedly not at companies like this one
Sorry for not keeping up, but where are the shares in my scottrade from this thing? What happened after split?
No doubt. That's why I think the best course of action is get rid of the high interest stuff with the 5M if they get it. Convertibles aren't terrible in my opinion, sucks for us because it's an incredibly small float so every bit is felt right now, but the next round of financing will be big for this company to get their debt in a good place.
Definitely a concern, but not for longterm growth.. If the model was working its hard to think it would just "stop" one random quarter, more likely there were problems implementing what was working previously.
Bets jay check it out
I'll take the loss and sell for .0001 haha just to screw em
No one said with any degree of certainty that that was going to happen.
haha sweet, I can definitely do it then!
This.
A lot of the dilution came as a result of paying old loans that were due also. And convertibles given to consultants etc.
It certainly won't happen with the debt they're currently in, and relatively small user base. That being said, if they get the 5M pay off their high interest creditors, cut the expenses, and are cash positive all while increasing cash flow, then someone will take notice. Until that happens, the only goal should be doing those things regardless of potential takeover offers.
Your right it doesn't, but it means the new guy running the show cares about abiding by the law number one, and two that it's important to let investors know what's going on. Most people, rightfully so, wouldn't touch a company with no legit information. The primary goal here is to create liquidity, a culture of reliability, and the ability to have access to capital. The access to capital part piggy-backs on the liquidity part in regards to issuing shares at higher levels, and the access to bank funds, bond issuance, and private placement relies on all of those things, most notably reliability of management to be on top of what's happening, and handling their business which hasn't been the case the past year. And also that they're able to pay them back, which they can't do if they're paying 50,000$ in fines and the lawyers etc. while they're trying to make a company profitable.
Interesting, they may be happy with the structure of their deals giving consulting services and the residual income from maintenance and development. That being said if any of those companies, especially this public one were to start looking really good, I feel like a larger company would take them out.. Since paddy power is public it would be an easier transition than for a private to buy BETS though.
You're the man, good luck everyone
Sure thing ! I'll update tomorrow
Anyone have info on boylessport? Bets could be an easy buyout target for cheap.. Even if they don't want it SP is so cheap if they have a sizable user base I imagine one of the big guys would just scoop them up rather than deal with the headache of little bro seani
I guess the irony is bets is sub penny hahaha
Is there an attempt to do so? Who is that guy..? Was he with the company before they bought seanimac, or did they hire him?
I'm not gonna say I know hundreds of people who would've ran this company better, but I know hundreds of people who could've run this company better, and so do you.
If I remember right they budgeted 600k for web development, but more than a year later they're blaming ~100+% quarter increases in 'costs associated with creation of website'. I'm no computer guy but in today's world, the coding and security for a small gambling website can't cost more than .6-1.5M all in and some residual security/bug fixing costs of course.
I encourage yall to really dig in the statements gives you a great insight that a lot of these wannabe Wolf of Wallstreeters on I hub have no idea exists. You really can find potential in penny land.. Sub penny is a joke but there are quality small caps that BETS is on the cusp of I found it when it was in the teens. I'll ask yall questions about BETS, and yall feel free to ask me the banking analyst stuff I'll be more than happy to give my insight when I have time
I remember the teen days. I flipped this once from like 12 to 14 a looong time ago. Then I looked into it and loved it. That's back when they were getting dangerously close to profitability.
I don't really keep up with the day to day here, so can someone attempt to explain what the heck is going on with fins / why they aren't current? Like what happened?
Who's that? Someone who claims to runs BETS?
here's an update to the numbers at the bottom-
I found in the 10q that their pm is 5.6% for anyone who read my last post.
150k salaries
200k website maintenance
200k marketing
100k other office stuff (i.e. insurance, computers, whatever)
100k consulting/lawyers
=750,000/yr in expenses
This is a small small shop right now, no reason in the world to have 1M in expenses in 1 quarter.
with PM at 5.6%, they would need 13,392,857 in wagers placed to cover that 750,000.
They’ve made 781,000 gaming profits on 11,580,000 rev in the first 18 months of operations. Theres no reason in the world they can’t be cash flow positive next year if they pay down the high interest debt with the 5M in financing and get out of the hole, plus the new dude seem to be on top of things now.
If they are still growing 30%/qrter by the end of next year:
[(2/3)11,580,000](1.3)^4= rev should be 22,049,092 (maybe more from marketing activities maybe less from decreased growth)
22,050,782 * (.056%PM) = 1,234,749
Expenses without high interest rates on all of their loans and decreased expenses associated with website development should be back down to the 500k range.
my simple math model has put us at 1,234,749-750,000= 484,749 bottom line
484,749 EBIT = 350,000 in the end
350,000 on 60M shares is .0058 EPS
.0058 * 28.4 P/E = .165 price target EOY 2015
BOOOOOM. BETS.
I mean, I'm not going to lie, their financials are not the best by any means. I'm an analyst at a bb bank, mess around here for fun.. It's pretty nuts looking at a lot of these pennies and thinking my goodness, who in the world was running this thing. You don't really realize until you look at big company fins all day and then come back to this. They are getting cash at high I% rates, at least they're getting money...here's my thing, how on earth do you, as an executive of a company that is in dire need of capital, allow your filings to become delinquent? You need liquidity in your stock number one, and two, you don't have 50,000 dollars to pay in civil fees to the SEC.. blows my mind how something like that can happen.
I found in last years 10q that their pm is 5.6% for anyone who read my last post.
I really thought that they would be cash positive mid year, but they racked up some big bills. It's no big deal to be in debt, especially as a startup, but the stupid stuff like 50k in fees is what drives me crazy.
BETS will be ok, I'm ready to see these next fins come out and see if they fixed some problems.. if you think about it honestly they should, right now, have about:
150k salaries
200k website maintenance
500k marketing
100k other office stuff (i.e. insurance, computers, whatever)
100k consulting/lawyers
=1,0050,000/yr in expenses
This is a small small shop right now, no reason in the world to have 1M in expenses in 1 quarter.
with PM at 5.6%, they would need 18,750,000 in wagers placed to cover that 1,050,000.
They’ve made 781,000 gaming profits in the first 18 months of operations. Theres no reason in the world they can’t be cash flow positive next year if they pay down the high interest debt with the 5M in financing and get out of the hole, plus they seem to be on top of things now.
Like I said just 300k profit in a year and the stock is valued at .142.
Paddy Power trades at 28.4 P/E... With 60M float, making 300k profit or half a penny eps you could say BETS would be correctly valued if not undervalued because of growth opportunities at a whopping .142... Over 1,000% from here.
300k on over 10M revenue is essentially nothing and would be a disappointment to most I'm sure. A 3% pm on what is now 8% vigs is incredibly conservative. Once they get cf positive, you're looking at well over .14 a share. 6% pm on 20M rev which isn't far away is .02 cents a share eps on 60M shares multiplied by industry P/E of 28.4 is .568.
I'm going through some hypotheticals to show yall just how close this is to being able to legitimately be a 10-50-100 bagger. I'm not trying to pump I'm really not, they simply have a good platform and a lot of growth potential when they run into some capital which is supposedly coming with audited fins.
Anyway GLTA BETS
Yall have got to take an honest look at BETS, most likely current next week. Increasing revenue over 30% each quarter since inception, spent 500k~ in advertising, amounts wagered coming in over $3,000,000 a quarter now. Launched in 2013, it's an online casino, obviously any startup takes time to be cash positive, but imo there is a lot of good signs from all of the q's coming out. And guess what it's ONLY A PENNY. I hate to hype stuff up because most penny stocks suck and have no hope, but at least give this one a good look, it's hard to lose if you're a casino with no brick and mortar costs. Think about it.. Good luck!
Thank god they aren't related, that occidental financial is a blood bath. Hoping for news soon, been crossing my fingers since feb on this one
Doubled rev doubled net loss for 6 months, but cut net loss in half for the 3 month.. Interesting numbers to say the least
From John Langston on the BETS board.
TOP REASONS TO BUY Seaniemac International (BETS) Now
Seaniemac (BETS) revenues and profits are skyrocketing, increasing month over month and quarter over quarter yet they are now trading at historic lows.
With over 1 million visitors to our blog and thousands of visitors daily, Sierra World Equity Review will be giving massive multiple day targeted audience exposure to Seaniemac International (BETS), they are under the radar trading now at historic lows.
Here is why Sierra's Publisher has initiated a position in Seaniemac International (BETS) with information taken from Seaniemac International (BETS) SEC filings, official press releases, The Offshore Gaming Association and a Seeking Alpha write up. Please see links below:
Latest update: October 6th 2014 - In a shareholder update the CEO of Seaniemac International (BETS) stated "...we have added 13,955 registered customers, generated turnover revenue of $11,580,888 and gross profit of $781,000. (In US dollars)." He continued "In Ireland we have seen our business grow month after month and quarter after quarter. 2014 turnover is up 600% over 2013 with 3 months still left in the year."
The CEO also stated this positive news "We have reached agreement in principal for up to $5 million in financing on terms that give the company complete control of the timing and draw down of funds...We believe with access to capital we can accelerate our already strong growth in Ireland." AND this "We have reach agreement in principal on a joint venture with a substantial US based group that we think has the potential to drive large European customers to our platform.."
In conclusion the CEO stated that "While there is no assurance that either of these agreements will be finalized we will push to complete them rapidly after our filing of the 10-k and 10-qs.....We will continue to work aggressively to build shareholder value in the weeks and months ahead and I look forward to more updates in the days ahead."
Four days later on October 10th 2014 the 10-k was filed, now is the time to buy Seaniemac International (BETS) while it is trading at historic lows and before it breaks out as new partnership and good financing is locked in. Remember month over month, quarter over quarter its revenues are skyrocketing, it is just a matter of time before the share price corrects itself!
Highlights:
Seaniemac (BETS) is an Irish gaming company. It owns and operates www.SeanieMac.com an online sports and casino wagering web-based platform serving gamblers directly under the brand name SeanieMac.com.
Seaniemac (BETS) revenues and profits are skyrocketing, increasing month over month and quarter over quarter yet they are now trading at historic lows.
Seaniemac (BETS) is poised for explosive growth. According to the respected Irish Examiner, the Irish online gambling market was estimated to be $3.2 billion in 2012. It was just $1.7 billion in 2011. So in just one year, the Irish online gambling market increased by 88 percent. Expectations are that the market could reach $6.5 billion in 2015 and $9.8 billion by 2020. Investors looking to make an early investment in a promising gambling company poised to capture a significant percentage of a niche market should strongly look at SeanieMac.
Seaniemac (BETS) has an exclusive partnership deal that will see the company become the official betting partner of Ireland's leading tabloid newspaper, The Irish Daily Mirror, cementing its Irish online gambling market niche. Essentially they are in on the ground floor, remember with the Irish online gambling sector projected to reach $6.5 billion in 2015 and just under $10 billion in 2020 it looks like blue skies are ahead for Seaniemac (BETS).
Seaniemac (BETS) with revenues projected to increase to over $20 million within 2 years analysis has the price target at over $1 a share.
As of October 9th 2014: Seaniemac (BETS) has a great share structure of only approximately 64 million shares outstanding with the tradable float being only 30 million shares which means the share price could rise very quickly!
Seaniemac (BETS) Investors should also be aware that SeanieMac has the full support of the McEniff family. In Ireland, the name McEniff is almost royalty. In the U.S., names such as Trump, Hyatt, and Wynn make everyone do a double take. In Ireland, the name McEniff has the same impact; Sean McEniff is a shareholder in SeanieMac. Sean McEniff is an accomplished entrepreneur with a 30-year successful track record in the hospitality and sports industries. 10 of those years were spent as a competitive athlete in Ireland's Gaelic Athletic Association Gaelic Games. Sean McEniff is also the son of Brian McEniff, the founder of Brian McEniff Hotels. With name power like that, it's hard to think that SeanieMac won't succeed.
News, Information and Links on Seaniemac (BETS)
July 1st 2014 Seaniemac (BETS) announced that the 2nd quarter ending June 30th 2014 revenues increased 32 percent over the 1st quarter of the year. Gross profit in the 1st quarter was approximately $208,882 (EUR 151,009) vs $167,901 (EUR 123,457), an increase of 23 percent.
May 15th 2014 Seaniemac (BETS) announced that the 1st quarter ending March 31st 2014 revenues increased 37 percent over the 4th quarter of 2013 and that gross profits increased by 15 percent. First quarter amounts staked were approximately $2,742,866 (EUR 2,016,814) as compared to the 4th quarter amounts staked $1,991,759 (EUR 1,464,529), an increase of 37% percent from the previous quarter. Gross profit in the first quarter was approximately $167,901 (EUR 123,457) vs. $145,800 (EUR 108,111), an increase of 15 percent.
March 31st 2014 Seaniemac (BETS) announced it had exclusive sponsorship of the "EUR 50,000 The SeanieMac.com Mares Handicap Steeplechase," The race was on the biggest day in the Irish racing calendar and was be shown live on national TV throughout Ireland and the UK and attracted record crowds to the racecourse and huge exposure for Seaniemac (BETS).
February 10th 2014 Seaniemac (BETS) announced a 20% increase in the amount waged between January 2014 and December 2013. Amounts staked in January 2014 (the first month of quarter ending March 31, 2014) were up 220% versus October 2013 (the first month of the quarter ended December 31, 2013), which had amounts staked of $447,155 (EUR 331,226).
January 7th 2014 Seaniemac (BETS) announced a 95 percent increase in 4th quarter gross profits versus the 3rd quarter for 2013. The 4th quarter amounts staked were approximately $1,991,759 (EUR1464,529) as compared to the 3rd quarter amounts staked $1,155,291.80 (EUR888,686), an increase of 72% percent from the previous quarter. Gross profit grew to $162,577 (EUR119, 542) in the 4th quarter as compared to $83,021 (EUR63, 863) in the 3rd quarter, an increase of 95 percent from the previous quarter.
December 17th 2014 Seaniemac (BETS) announced it has finalized an exclusive partnership deal that will see SeanieMac become the official betting partner of Ireland's leading tabloid newspaper The Irish Daily Mirror. The partnership will see The Irish Daily Mirror promote SeanieMac through their newspaper and very popular website http://www.irishmirror.ie. SeanieMac will offer The Irish Mirror's readers' added value bonuses and great competitions such as trips to Las Vegas and a share in a leading race horse trained by the champion trainer Willie Mullins. SeanieMac plans to add many more partners in 2014 and expects these affiliates to have a major impact on our financial volume turnover in 2014.
Seaniemac (BETS) impressive website
http://www.seaniemac.com
The Offshore Gaming Association
http://www.osga.com/online_gaming_articles.php?Gambling-Stocks-Why-SeanieMac-Looks-Good-13339#.U9lcyvldXCs
Seeking Alpha Seaniemac (BETS) article
http://seekingalpha.com/article/1935801-seaniemac-a-pure-play-online-gambling-company
With over 1 million visitors to our blog and thousands of visitors daily, Sierra World Equity Review will be giving massive multiple day targeted audience exposure to Seaniemac International (BETS), trading now at historic lows.
does anyone know who their accounts payable in the amount of around 2M is to? I'm looking at the financials and am pretty confused as to where they are going wrong.. I realize it's from 2013, but if they are making 800k from gaming profits, then where is that money going? I guess we"ll need the new fins to answer that, but any insight would be appreciated. If you make almost a million dollars in a year, and run an online company with hardly any expenses, then I would think there would we a substantial decrease in debt. Another question is this: In the past they haven't ever posted revenue numbers because their "revenue" is non gaap. That's fine, but why is there a 40k in revenue on the financial statement? Where is that coming from? I need a full report to even begin to decipher their (now year old) statements. Good luck to all
BETS is apparently from their fins a very successful company. can't say that about many companies down in this price range. I really think it's a combination of no exposure, not available to Americans, and lack of audited fins
Well there you go, I'm not arguing that the stock may or may not suck from a management standpoint, I'm just saying that from the 5M shares the 8 range is accurate math wise
Just got home and it closed at 8, how many more need to be sold of the 5M?
And that's your opinion, that's what makes the market. Look it's a low floater. Has less shares out than the VAST majority of pennies. I really don't think 5M will do incredible damage longterm.
5M at a current levels is what ~50k, in the scheme of things not too big of a deal. Performance will drive the volume to pick Em up and nothing else.
If we were correctly valued on Monday, which I question, and there's what ~40M float (I don't know real number) dropping 5M in the hat should have dropped the stock 12.5% or to .00875 from .01 given they've all been liquidated. Again I'm using rounded numbers for sake of clarity, but .00875 & .0089 where I got filled are (in penny land) essentially the same. Future cash flows drive a stock, and because there have been no terrible events only continued cash flow growth (or so they say) is why I bought the stock. So I don't know if you comment was genuine or you want to buy it lower, but I am interested in why quantitatively, you think I bought WAY too soon.