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Rev'd Out!!
you may be correct, this ticker has reversed split many positions into oblivion. I guess I've been fortunate in that I was only around for the last r/s [1:15] there were previously a 1:5, and another 1:15. This ticker had 2 month long trading halts in Canada last year. Anyone coming in new to the ticker is probably looking through rose colored lenses & not acknowledging the history of shenanigans that have occurred. So it's a bit of keeping it real..if that's going wrong, well it's just all truth! You split adjust this ticker & 2 years ago it was trading at over $400 USD..give that a thought for a moment. That's $400 to $9 over 2 years.
In regards to NAS, it's a matter of looking at historical occurrences of successes, failures, and timelines to complete a actual listing. There are companies that can get it done rather quickly [ie Score Media/PyroGenesis/GreenPower] there are those that apply that never get approved & their price suffers, and then there are those in months to years wait and who knows if/when they will get it approved. NAS website does not allow you to see listing application progress, it's not to be public info. You will see it however when/if the time comes as a venue change or new issue/addition on FINRA [https://otce.finra.org/otce/dailyList]
As a previous poster stated on the board, a retrace may be occurring so that warrants can get exercised & more than likely they will beat it down towards the lower exercise price [$7.50]
My belief is this may be a 2x-3x at most if it ever runs, but they are surely bloating that share count. The share count doubled since the last R/S (Aug) So the market cap is rising as they keep adding shares, but the stock isn't moving. There are far better plays out there for more than that kind of potential return for the capital expenditure outlay! JMHO..
Heavy Holding Henry...
Good luck with the large holdings here, it's surely a wobbly investment at best. One thing for sure is that GAME is "creating" capital, as for the business, meh!! A $30M Rev Run rate annual with significant losses, and current $130M Market Cap. Upside at max I think is a $500M-750M Valuation using all the capital they created & all the shelfs they have set up. I suspect they will print shares like robbing a cash machine & maybe dangle a new acquisition or such with share issuances.
Weeks to NAS? riiight...Nas compliance certainly hasn't green lit them. They need the green light & then can decide when to officially debut on the NAS. IF...don't count on it, best hope the price isn't back to $7.50 in a few weeks.
App may be in the apple store, not sure. You got so many other majors in the space [DKNG/SCore/etc] WView is a failed product. WinView IP is interesting, and will probably cost Engine some big $ settlement in the long haul.
Market Cap Still Only $5.7M
Volume blowout on Friday, will be interesting to see if the momentum continues. Lot's of small things ahead as well, like getting current on OTC and such & independent director updates.
Going to be interesting to see as the price rises if volume will still be there. A lot of times the volume just disappears on these low SS issues [see ARAT].. GLTA!! Anyone got any other tickers like this with this sort of low SS and things on the event horizon??
Oh Henry!!
First off welcome to iHub, and this raggedy ticker. It will for sure test your patience & I will try to answer a few of these inquiries.
1. No the F10 is not the main thing in conjunction with Nas. That NAS application is nearing 1 year now. They're surely submitting to SEC with the anticipation that securities will be trading on the US exchange, but it's no guarantee. GAME/MLLLF often sails on troubled waters.
2. The duration to list on NAS, is at this point a crapshoot. Will it happen? Probably, they're raising too much capital & doing too many shelfs to think something is not going to happen. When? Think say 2022/3 and you won't be disappointed.
3. Mood of company,,,,hmmm! I hear IR is non responsive, and all the segments of GAME operate as subsidies, so one mood might be good (StreamHatchet)& another might be terrible (WinView)
4. Years ago, when WinView had an app up in the play store they had done some commercials with Blake Griffin, you can probably find those on youtube, it was not something that lit any fire. WinView for the most part is a failed "product", but it's Patent IP may be well worth something, and thus why there is a current lawsuit over it.
5. This forum is like a leper colony of people that somehow got stuck on this island of current damnation. There is another good board up on stockhouse in Canada under the GAME ticker, it too is a thriving leper colony. :)
I wish you well here..but this is a stalled Engine,..lotta other ways to make money with less capital expenditure than this! Good Luck, and welcome aboard the SS Rogers
Print Print Print...
Sure has been a lot of share increases over the last 6 months.
This was initially a 7.6M O/S Company, It's doubled up. Lot of it may be capital raising. But this stock/company just offers zero excitement. It just cannot sustain any rallies. It's now even stranger as the US side is doing more volume than the Canadian. Exchange Rate is starting to really push the two prices apart. $12.50CAD=$10.OO USD.
Probably should have invested in these guys instead, lol!
Long Haul For Sure...
SLJB made reddit..lol
https://www.reddit.com/r/custodianships/comments/moxb9z/sljb/
Some interesting trade action today:
https://ih.advfn.com/stock-market/USOTC/sulja-bros-building-supp-pk-SLJB/trades
HUghBoat..
Give BBR.CA/NPEZF a look.
https://www.otcmarkets.com/stock/NPEZF/security
"Bam Bam Resources Corp. is engaged in the identification, review and acquisition of latter stage copper and copper/gold assets. The flagship project is the Majuba Hill copper gold project located 156 miles outside Reno, Nevada, USA. Management has been mandated to focus on safe, mining friendly jurisdictions and government regulations supportive of mining operations."
Big Volume...
10M & a nice spike..
If you want another one like this give HESV a lookover.
RicketS..
It's flying through on the OTC Expert Markets, so it's anybody's guess as to what's happening. But it's trading a bit & the OTC on
these bottom feeder sometimes go ballistic. Volume is not much though. Few bucks passing through the ticker.
Been going in the right direction for sure..
Another Month (April) and we should see where this rally in March really took us. Does it retrace, or continue to deliver. Hopefully some notable PRs occurs as well. Need the canadian issue to take out $14.75 CAD, that's the all time high since Engine formed. We shall see.
In for the Long Haul..
With the share structure, even as a clean shell it's worth more than just $2M. Don't think the wide B/A is going anywhere though. Some get lucky on those bottom feeder limit orders when it dips. Think this will move up much like another low O/S custo- ARAT. Volume tends to really dry up on the OTC as stocks hit $1, much less these low O/S tickers..We shall see!!
Jumped Aboard Here..
Interesting play, nice share structure(9M O/S) small $2M Market Cap. Quite a good shell play. $10M Cap and this gets to $1. Let's see it get pink current first!
Trades with that huge B/A, and sometimes lucky folks snag the daily lows [16c today, 15c yesterday]
BDGY, another of these tiny floaters shot up 245% today..small volume though. GLTA!
One Shell, Two Shell,
It appears, the company managing the SLJB shell [https://twitter.com/KrisaManagement/with_replies] is also engaged in managing another shell ticker AVVH. AVVH is Pink Current, as opposed to SLJB being under the hard to lift CE. But to compare it's quite interesting: AVVH has a MC 9x larger than SLJB, should SLJB reach equivalence it would trade at .04 to get to a 25M Market cap. SLJB has to me a way better share structure for a company to merge into. In the meantime, we wait, and wait some more!
A Good Read!!
https://www.sec.gov/Archives/edgar/data/0001714562/000149315221006829/formf-10.htm
This by my count is a second shelf, first was 200M, now 150M
Some interesting tidbits...New NYC Address, perhaps full office?.
And this in regards to WinView below. Happy reading & hopefully it gets this thing moving with some volume.
"WinView-
WinView is a Silicon Valley-based company, pioneering second-screen interactive TV. WinView is a leading skill-based sports prediction mobile games platform. WinView plans to leverage its extensive experience in pioneering real-time interactive television games played on the mobile second screen, its foundational patents and unique business model. The WinView app is an end-to-end two-screen TV synchronization platform for both television programming and commercials. The paid entry, skill-based WinView Games app uniquely enhances TV viewing enjoyment and rewards sports fans with prizes as they answer in-game questions while competing in real-time during live televised sports. WinView also holds the foundational patents on the synchronized second screen experience."
"Proprietary protection and intellectual property disputes
Protection of our trade secrets, copyrights, trademarks, domain names and other product rights are important to our success. We protect our intellectual property rights by relying on trademark protection, common law rights as well as contractual restrictions. However, many of our proprietary technologies are currently unpatented nor have we made any applications for such intellectual property registrations and we have no present intention to do so in the near future. As such, the current steps that it takes to protect our intellectual property, including contractual arrangements, may not be sufficient to prevent the misappropriation of our proprietary information or deter independent development of similar technologies by others.
Should we decide to register our intellectual property in one or more jurisdictions, it will be an expensive and time consuming process and there is no assurance that we will be successful in any or all of such jurisdictions. The absence of registered intellectual property rights, or the failure to obtain such registrations in the future, may result in us being unable to successfully prevent our competitors from imitating our solutions or using some or all of our processes. Even if patents and other registered intellectual property rights were to be issued to us, our intellectual property rights may not be sufficiently comprehensive to prevent our competitors from developing similar competitive products and technologies.
With our acquisition of WinView, we acquired WinView’s intellectual property portfolio. WinView’s patent portfolio is an important asset to us and our patent strategy with respect to the WinView patent portfolio is to pursue the broadest possible patent protection of its technologies in selected jurisdictions. Litigation may be necessary to enforce our intellectual property rights. Any litigation of this nature, regardless of outcome or merit, could result in substantial costs, adverse publicity or diversion of management and technical resources, any of which could adversely affect our business and operating results. Moreover, due to the differences in foreign patent, trademark, copyright and other laws concerning proprietary rights, our intellectual property may not receive the same degree of protection in foreign countries as it would in Canada or the United States. Our failure to possess, obtain or maintain adequate protection of our intellectual property rights for any reason could have a material adverse effect on our business, results of operations and financial condition.
We may also face allegations that we have infringed the trademarks, copyrights, patents and other intellectual property rights of third parties, including from our competitors and former employers of our personnel. Whether a product infringes a patent or other intellectual property right involves complex legal and factual issues, the determination of which is often uncertain. As the result of any court judgment or settlement, we may be obligated to cancel the launch of a new game or product offering, cease offering a game or certain features of a game, pay royalties or significant settlement costs, purchase licenses or modify our software and features, or develop substitutes. We have already had communication from trade mark trolls in this respect. At this time these actions are a nuisance rather than a quantifiable business risk.
In addition, we use open source software in our games and we expect to continue to use open source software in the future. From time to time, we may face claims from companies that incorporate open source software into their products, claiming ownership of, or demanding release of, the source code, the open source software and/or derivative works that were developed using such software, or otherwise seeking to enforce the terms of the applicable open source license. These claims could also result in litigation, require us to purchase a costly license or require us to devote additional research and development resources to change our games, any of which would have a negative effect on our business and operating results."
This has held Well,.,
For a ticker with not much going on it's kinda done well over the last month, which most OTCs cannot say. Zero volume days have been rare here.
That CE is quite hard to shake. Maybe by September LOL
Couldn't Guess MaineLob..
If you go here https://www.otcmarkets.com/market-activity/corporate-actions and then on the top drop down select "Venue Changes" you can back into all the OTC issues that have uplisted (there aren't many) from there you can search for when they applied via googs to get a sense of the timing. The easiest one to uplist are former NAS members that got delisted & are back on the NAS for more fun times. Second easiest are bonafide big co's ie Score Media SCR. All small rev co's seem to have a hard time on compliance to entry.
This used to be a resource on uplists-> https://pubcoceo.com/tag/otc-graduates/ but it's stopped being updated. We'll see what happens.
Another good resource https://www.otcmarkets.com/files/Choosing%20the%20Right%20Path%20-%20How%20to%20Maximize%20Your%20Market%20Strategy.pdf
JHo..
Been in here before all the fireworks when it was just GAME [Torque Only] Then came the craziness of the merge & the R/S. This really hasn't been a high performer. It's been stagnant for the most part. R/S wasn't pleasant or having 2, month long halts in one year in Canada.
The Canadian issue is probably more heavily traded & that's not saying much. It's a very odd situation. The suit, honestly having read it fully, is quite interesting. As an outsider, it would appear that there was some purposeful "miss-valuing & delaying" in monetizing the WinView true value & it would also appear that WinView & it's IP got jacked out from under the inventor & company founder. Engine broke eggs hoping to make omelettes & Lockton may have been the big egg & that IP may be quite valuable, so I can understand his efforts to get compensated correctly.
Strange stuff happens on the OTC, but I do suspect Rogers saw the value of the IP, this is the guy credited for the addition of tickers on TV screens. So, who knows what's the true plan of it all. But again, you have a significant position on it, so best to be aware of the full picture. Engine has raised so much capital, they probably should just settle the suit & move on [though I don't think Engine is named in the suit] There's also the dispute over allInSports, but that's another mess.
Could Potentially Be Troubling For Sure.
This is the case, https://www.prnewswire.com/news-releases/tom-rogers-chairman-of-engine-media-holdings-and-former-chairman-of-winview-inc-and-other-directors-sued-over-breach-of-fiduciary-duty-301214356.html
Now the alarming part is that WinView holds the patents, but Lockton is the owner in name & its likely seeking to establish what is the value of the patents in this new age of gambling & sports betting. It has potential to definitely be a huge disruption if you consider what's at stake. Potentially, every betting app may be using WinViews patents & if Engine does not value it correctly you could see why a suit may be needed on the part of the patent holder & former WinView shareholders. By some regards it may look like a fleecing. The patents may be worth billions.
MaineLob...
Honestly, I have learned not to peg too much on uplists. It's a grand desire to see something flourish, but I have seen too often
uplists that never materialize(CYDY, many others), or ones that end up in limbo for ages (MLLLF) or others that do uplist (TOMZ)& are total busts on new exchanges.
There are companies with much higher revenue run rates, that just don't flourish on the larger markets (see TOMZ). With GMGI the sector is hot for sure, so one can hope for the best. The small share structure will be a gift and a curse on the NAS. Volume here is quite low save for a few days. I think a poster here (Jericho man I think) said they didn't use a IB to get the uplist initially which would have afforded some share price support, perhaps maybe it will be there now.
The first 500% here for many was probably from being in way early, now getting the next 100% may be a challenge. We'll see where it goes, but definitely it's a wait & see. So in truth, I'm not counting on the NAS, if it happens cool, if not they still have to build the business revenues up more over time. Until then this will trade at its financing levels $5-$6. Historically, an uplist is a super rare event (30 or less annually) So let's see it happen first. JMHO
jHODl...
This ticker will test your patience lol.
I have lost that enthusiasm on this, as someone new stepping intoit now probably has. The prospect certainly is there, but at this point the Canadian issue is the pack leader. It's likely a pure play on the part of institutions, very few shareholder with sizable positions after the RS in August. In truth the stock has not done much & we're in a bit of big dormancy for profits on small caps both here on the OTC & on the Canadian exchanges.
They've raised a good bit of capital, big shelf prospectus on the table, have a small share structure, legendary executive management [not too much on the C levels] free likely CNBC exposure if/when time comes. $30M annual rev rate with most of that being AD revs. I really hope their WinView patent portfolio has or will have recapture value in the gaming/gambling sector. It's been so long since they filed for NAS that I really can't say it's going to happen near term. It's been close to a year. Still think it could run without NAS, but do hope they get the uplist eventually. Good luck, you have a sizable lot at stake on this MilF, hope she delivers
Volume Action For Week [3/15 - 3/19]
Volume for the week decreased to 6.8M shares, price high achieved .005, low .0031, close .0048
This is the first major slump in volume in 8 weeks. Overall, it's holding well. Will get interesting if
this breaks 30-40M Weekly Volume, but it could be that the share supply isn't there for that possibility!
Best Tactic For Those Under CTO..
Terrible spot to be in , but best thing to consider is "gifting" the shares via transfer to someone on the USA side with a brokerage account if it is possible. At worst, they'll be able to sell with a true capital gain recognition of the full price of the sale, and be taxed on it accordingly.
The slight unfortunateness of this tactic is the "holder/seller" account will have these as a zero dollar cost basis.
Highly doubt a CTO is ever going to get lifted, the custodians are purely looking to get these companies fit to trade/merge on the USA side. Would be a terrible fate if this prints millions & those under CTO can only take a writeoff. JMHO, GLTA
Logic for RS/FS
This is a smart tactic some companies use. It serves two purposes.
1. Eliminates all small share lot holders. Ie if you held 499 shares, you are now no longer a holder on the initial RS.
2. Manages to cancel shares off the share structure. All the sub 499 share holders lose their shares and they are eliminated from the share count.
upon the FS, those with strong initial holdings, are again made whole.
So 500 shs ->1 Sh [RS] ->500 shs [FS]
https://www.finweb.com/investing/the-reasoning-behind-the-reverseforward-stock-split.html