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Dips & Rips..
I guess until they get current, there are going to be these days where you see price swings of ~25%, with short volume upticks to follow. The patient folks will not worry too much as these flips & flops occur. OTC is surely in a backlog jam at this point. Maybe more chaos will ensue due to their backlog than needed. We shall see. Recommend folks also check out FCIC for a possible upward climb.
Biggest Volume Day Since 4/27!
Certainly getting more traction, would have expected a bigger uptick with this kind of volume, but it's had a robust week already.
Almost all trades went off above $1.60, really interesting how this is moving without much buzz/info. May see $2 before week out!
*seems a coordinated trade effort begins at 12:30pm every day*
Market Cap Redux..
It's interesting how the market cap on CSOC has reacted to
the share reduction that occurred on 7/2 & 7/23.
On 7/1 when the O/S count was 2.3B the Cap stood at $170M
On 7/2 the O/S reduced to 731M, the Cap dropped to $58M
On 7/23 the O/S reduced to 585M, the Cap now sits at $26.5M
So from 7/1 to 7/26, the Market Cap has eroded ~85%..This certainly isn't the intended result of share reductions. Not McLuvin' It At the moment!
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!
Thank SS..
That's interesting. So all these years CLAD was trading in limbo with an incomplete merge hanging over it? That's an insane B/A, but it seems CLAD hasn't traded much over the last 5 years.
This FCIC shell is one of the cleanest, I hope they can deliver something that's transparent. So far, there's been really nothing released out of the new management. Still the price action & volume today, and really since the 4/27 awakening has been good. We shall see where it goes. Market cap at $5.9M
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!!
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?
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!
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”
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!!
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!!
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.
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.
HammerTime..
Will be fun to see the scarcity in shares when it's current. Volume has dried up, still it will not take much to move this into all time highs...Not worried, wish I could afford more.
MajikMike..
SLJB is and has always been for near 2 decades now shrouded in mystery & BlackPete majik. It's performed amazing feats and has had both feet in the grave now maybe 3 times. I have lost count. I am not sure if Scoobs & friends will find out the key clue that wraps up this mystery in the stated time. We might unveil a real ghost come Sept. Be Well
McdonaldMike Friday, 07/23/21 09:53:24 AM
I like your expressions!
As long as it can get sorted before September end and avoid the mysterious fate of the grey/expert markets it will be okay.
Impatient Flock Here...
Relax a bit, the price will snap back. Think all this effort would be put forth & then they don't get current>?
Smart money is loading up on the cheap prices, low volume but not many large blocks to buy. ETH >2k will help too!
Grab some MJWL for some more rapid movements if you want!
Good To See...
Hey SSp,,it's good to see others on the board here contributing. Been talking to myself for a bit LOL. Definitely, an interesting link you proposed there. With this share structure & float I suspect a "higher class" of entity will be merging in. And this one you linked seems to have a ton going on. The price today hit an all time high of $1.50 on a flurry of late afternoon trades. Maybe helped by your prior post. The DD here has been limited, but with it being a QB ticker & devoid of all the hassles of most other merger plays & with that limited share count, there could be some significant moves ahead. Market cap hit $5.1M today. Maybe we get an actual PR one day.
Blown Game..
It seems most are playing GAME now for the "it can't get any worst" pick.
They see the chart & think it has to get better. What I see is GAME shooting their shot and missing. The FanDuel filing, moved nothing. The volume is tapering & they are going into a buzzsaw with that earnings. Market saying this is a sub $8 stock, and nothing on the horizon that's got pop potential. This is a TROLL and nothing more. If those earnings are really atrocious, look out below. 52 week low is $5.18. Alot of traders have lost a lot of money here, and many bagholding!! not a good vibe. Many Canadians hurting on it too
HoJ,
yeah EGOC has rocked out. Passed you it on the 14th, sub penny.
Updated OTC Share Info..
1.1M Float...The day this moves 50-100k volume will be a boom!
http://ih.advfn.com/stock-market/USOTC/fccc-qb-FCIC/historical/more-historical-data
Market Cap Movement...
It's interesting how the market cap on CSOC has reacted to
the share reduction that occurred on 7/2.
On 7/1 when the O/S count was 2.3B the Cap stood at $170M
On 7/2 the O/S reduced to 731M, the Cap dropped to $58M
now 7/19, with the reduced O/S & recent price drop, the Cap sits at $39M
So, CSOC Market Cap has dropped 77% from 7/1 to 7/19.
One would have anticipated the share reduction to have a more significant impact to the price if the valuation at $170M was warranted.
Going to be interesting where this finds a midpoint between those ranges. GLTA..
Jho, Back On Board the SS Rogers!!
Wow, figured the graveyard lost a body when you folded shop! But you have resurrected like a zombie in the game..some may say, a spawn or a respawn.
I do wish you the best on that position. I didn't like what I saw out of the trading today. It was a nice run from the 7 low to $7.80, but there was zero buy side pressure to keep it going & it gave back all of it to close red again. There's going to be 10 to 13 or so trading days prior to the earnings release. GAME will show it's colors over them. If we see more down days, or sideways days, and volume starts to drop, there could be a wreckoning! There's nothing but negative pressure on it at the moment, until that momentum lifts, it's not going to look good. You have to figure there's quite a bit of bag holding here. I wonder if we lost Ten Ten, Over & Out???
Well Now, 1 Month In. Heartaches & Pains
No Gains currently. Had to pull up a weekly, to visualize how this has gone. It's not pretty. 1 Month into its NAS debut, it would appear GAME is not ready for the big leagues. Felt today was a critical point, if it could establish some upward movement off the lows yesterday. Instead, it did a new low today at $7. Hasn't been this low since week of Dec 21 2020 when it was as low as $6.80. The "rally" off the $7 low was not convincing, and this remains a falling knife. Careful if you catch it, remember 1st week of August is going to be a major catalyst!! I suspect next week it will breach the lower BB Band & test some lows in the 6s!
Quite True My Good Fellow...
7 months to get a CE removed, yeah something isn't right here.
The trend will either end, and something occurs. Or the trend continues and this gets delisted off OTC come Sept. It's worth nothing if there's no market. We shall see. This has come back from the dead once, maybe it needs to die again to come back again LOL, no worries either way
Freaky Friday...
Let's see if it again hits red tomorrow. Another dip & it's in the 6s.
Sustained bleeding will make the big holders question a weekend hold. If a few big hands fold up for greener pastures, down she goes. We shall see. Important day ahead, it bounced off the 7.02 bottom and closed at 7.26.
The Twits are saying it can't get any worse..lol. They too new to this $_hit :)