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IF there is no deal I am not worried short term since dilution hasn't happened to any degree in 3 years.
The email was more about what happens with the deal re possible dilution.
..
Let’s see if and what they will answer.
Looks like SGN is a safer bet for modest profits at the moment in case that 5billion number
materializes, because it would then mean 2-3c valuation for this stock.
Thanks for pointing that out. Sent email - doesn't add up.
Have a look at the last 10-K
https://www.otcmarkets.com/otcapi/company/financial-report/397140/content
Diluted there are 5,050,716,914 shares.Do you think the owners will gift the shareholders and SGN their company?
here's what it looks like to me:
I'm not sure where you are getting the 750m. currently 500m AS x .14 is $70m valued on fully diluted but again, there has been very little dilution in the last 3 years.
If no deal happens the estimated value of $156m would equate to roughly $3 a share currently. That estimate appears valid: The industry avg PS ratio for gambling companies is 1.46 so given Swifty's impressive $128m annual revenue - $156m is not too far off. Way way more than the current valuation of only $8m https://www.google.com/search?q=industry+average+PS+ratio+for+gambling+software+companies&oq=industry+average+PS+ratio+for+gambling+software+companies&gs_lcrp=EgZjaHJvbWUyBggAEEUYOTIKCAEQABiABBiiBDIKCAIQABiiBBiJBTIKCAMQABiiBBiJBdIBCTExMzU5ajFqMagCALACAQ&sourceid=chrome&ie=UTF-8
If the deal goes through everything changes. I'm not real familiar with how these things work but will give it a shot. Please correct anything you see that is wrong:
The DRCR shareholders are supposed to own roughly 92% of SGN in the end.
It seems that would mean SGN OS goes from roughly 17m to 17/.08 = roughly 212m shares over time after the preferred shares given to DRCR shareholders convert to common.
Since it is an all equity deal the value to DRCR shareholders will depend on the market. Being on NYSE should enable a fairer market valuation for DRCR shareholders than what they've gotten on the OTC so far. The combined estimated value of $170m would be a SGN price of .80 That's way up from the pre-announcement SGN price of .114 and still markedly higher than today's .24
This could be a monster company in the making. From the PR:
Thanks, The OS has barely changed in the last three years from the 50 million. So from what I’m seeing, there has been very little dilution.
I will be looking more closely at the terms of this deal. This part seemed very positive to me but I’m not sure how the numbers transfer over yet.
“The transaction is based on an assumed equity value of $14 million for Signing Day Sports and $156 million for Swifty.”
I guess you didn't check the fully diluted numbers.
Fully diluted this is a $750M stock.
Very interesting.
$128m revs, profitable, only 11m mcap, good ss, uplisting...good combination
This stock is blowing up on Twitter. I refuse to call it X anymore. No one calls it X without mentioning Twitter and I refuse to write formerly known as Twitter. It takes too long.
Yes, there are clear signs of manipulation, MM, they want to take more shares.
Not sure what the conversion is. But I think we get 90% of the shares of the new company. What share or Dollar amount does that equate to not sure.
Dirty MMs are short as $hit.
$DRCR
I think so too. In such cases, growth delays occur. SGN is up 400%!!! This merger will be fantastic for DRCR.
They will follow the sgn move in a couple of days
What percentage of shares will DRCR investors receive?
DRCR
Dear Cashmere Holding Company (PK)
0.189
0.0416 (28.22%)
Volume: 180,663
Day Range: 0.1651 - 0.19
Bid: 0.1611
Ask: 0.189
Last Trade Time: 9:43:31 AM EDT
Total Trades: 32
DRCR
Dear Cashmere Holding Company (PK)
0.15
0.00296 (2.01%)
Volume: 49,907
Day Range: 0.1387 - 0.15
Last Trade Time: 3:57:17 PM EDT
This may be the most undervalued stock in OTC. I keep adding when I can.
Uplisting coming along with the stock price!
Monk, how did you like the beta testing?
Although I’d like a lot more information, so far what I see makes this look very undervalued even without the new stuff
DRCR
Dear Cashmere Holding Company (PK)
0.22
-0.007 (-3.08%)
Volume: 15,239
Day Range: 0.21958 - 0.23
Last Trade Time: 1:55:33 PM EDT
Yep, I've been slowly adding when I can. This looks like a sleeper, and when we uplist, it should move fast!
No way an auditors signs off on the financials without reviewing the transactions. They are also moving on with the merger uplist (by end of q3 per the filings)
ok, I did find some reviews so that helped (thought I had checked for that previously)..
@tedpeele Swifty gaming is not accessible in the USA so of course it won't work for you in the US
Predictions is in the UK mobile store. I was part of the beta testing in the USA when it was released.
I don't like to call something a scam when it isn't but what gives here? See my recent messages - nobody seems to have an answer.
thanks but that's where I started. As I said the predictions app appears to not exist yet and the gaming app blocked my IP I guess because I live in the USA.
It would be nice to see something that validates that they have real products that are in use - even a news article about them would be helpful.
..
Already have. I'm saying I can't find their products - if I can't, how can anyone else?
Check out their pr’s on OTCMarkets.com. This is one to watch in my opinion. Low float, great leadership.
Where is the info on the company?
Their Swifty website is woefully thin - where can I find out what their products actually are?
The Swifty predictions app isn't in the Apple Apps store and the gaming site gave me an IP address block.
For a company with over $100m in revenues, this is puzzling to me.
DRCR .182 Headed in the right direction.Looks pretty good to Me.Hope all is well !
https://www.barchart.com/stocks/quotes/DRCR/technical-chart?plot=CANDLE&volume=total&data=DO&density=X&pricesOn=1&asPctChange=0&logscale=1&indicators=BBANDS(20,2);SMA(13);PTP(50);SRSI(14,14);WILLR(14,40);ADX(14);ACCUM;MACD(12,26,9);RSI(14,100);SMA(50)&sym=DRCR&grid=1&height=500&studyheight=100
glta
Good morning Mick, DRCR .1750 Lets see what happens next week
glta
DRCR .1750 accumulation is moving up.Lets see some Dollars around here (:
https://www.barchart.com/stocks/quotes/DRCR/technical-chart?plot=CANDLE&volume=total&data=DO&density=X&pricesOn=1&asPctChange=0&logscale=1&indicators=BBANDS(20,2);SMA(13);PTP(50);SRSI(14,14);WILLR(14,40);ADX(14);ACCUM;MACD(12,26,9);RSI(14,100);SMA(50)&sym=DRCR&grid=1&height=500&studyheight=100
glta
DRCR
Dear Cashmere Holding Company (PK)
0.1665
0.0015 (0.91%)
Volume: 98,482
Day Range: 0.16175 - 0.171
Last Trade Time: 11:39:37 AM EDT
DRCR .1750 Looking good imo more to go
https://www.barchart.com/stocks/quotes/DRCR/technical-chart?plot=CANDLE&volume=total&data=DO&density=X&pricesOn=1&asPctChange=0&logscale=1&indicators=BBANDS(20,2);SMA(13);PTP(50);SRSI(14,14);WILLR(14,40);ADX(14);ACCUM;MACD(12,26,9);RSI(14,100);SMA(50)&sym=SPZI&grid=1&height=500&studyheight=100
glta
DRCR .156 Headed higher imo
https://www.barchart.com/stocks/quotes/DRCR/technical-chart?plot=CANDLE&volume=total&data=DO&density=X&pricesOn=1&asPctChange=0&logscale=1&indicators=BBANDS(20,2);SMA(13);PTP(50);SRSI(14,14);WILLR(14,40);ADX(14);ACCUM;MACD(12,26,9);RSI(14,100);SMA(50)&sym=DRCR&grid=1&height=500&studyheight=100
glta
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Boca Raton, FL 33432
26 Broadway Suite 934
New York, NY 10004
+971-58-589-406
info@swifty.global
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