"Wise men learn more from fools than fools from the wise"
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The warrants are for a full share yes. If you buy a unit, you get one share and 1/3 of a warrant.
There is great DD on the numbers here guys. Basically, we have surpassed forecasted revs for 2020 in just 6 months, and we basically will hit forecasted 2021 revs this year and that is without ANY expansion into Michigan or Penn. There will be a huge push for tax revenues for online gambling for the entire country over next year too. COVID has crushed tax base.
Why is this only trading 3x projected 2021 sales?!?!?!?!?!
Let DKNG keep increasing its market value, will just help us in valuation when merger complete.
People still on sidelines because this deal isn't completed yet.
To me, it would all depend on the terms. It would need to be a clear "win" in our books to do it, since ACB does have a bad market reputation and is still struggling for turnaround mode.
If the deal died due to management trying to line their pockets as stated in the article, then kill it. We don't need golden goose parachute type people around.
As per all financial metrics, APHA is severely undervalued when compared to its peers, no doubt.
GoSing, are you worried that the ACB merger will be frowned upon by Wall St., as APHA has way better financials than ACB?
Or will synergies and deal take care of that?
Agreed. I can tell you for sure that all the big players play on Golden Nugget Online, as they show any payout larger than 3,000 and there are a ton of them a day. Big $$$$$$$$$$$$$$$ flows in, and the June data that was presented here proves it.
Sadly to say, I have played ALL the sites and almost all the games. The live dealer option is very cool. The cards look a little funky but its all legit. I happened to hit a progressive jackpot on the site, and the $$$$$$ was in my bank account in less than a week.
These are HUGE numbers. LCA/GNOG controls 30% of NJ market. If this translates into all the other states they will be going into, this will rise parabolically.
From experience, the Golden Nugget online platform blows all the others away. Best games, best looking site, easiest to navigate.
Cnbc was talking after hours about online gambling is a huge market to be in....talked about draftkings but LCA probably rode coattails. This is going much higher imo.
They have already stated that the deal should happen in the 3rd quarter, so not much waiting will be needed here.
With Covid, the numbers will only grow higher as people will be scared to go to casinos and just gamble inside their houses.
Also, Golden Nugget platform in NJ is by far the best. Talking from experience.
All the cannabis companies are contracting while we are expanding?!?!?! Sounds like good news for APHA as they continue to gobble up market share.
I think we found a nice higher floor. Stock is trading nicely lately, with the whole market considered.
There is only one choice in this space if you are looking for strong balance sheet AND profitable.............. APHA.
Good consolidation here. Let's increase market share % and this will zoom on next earnings numbers.
Shorting and marijuana is not in play yet.
We wouldn't be bought. We would be the buyer. Maybe we will take the scrap assets of Green Growth in bankruptcy court.
FastMny, you are correct.
Plus, analysts have been posting that CGC's loss is APHA's gain of market share.
This will continue to trend upwards I believe..........
Taking a hit with CGC numbers. BUT....if sales in Canada are up, and CGC and others are down, that must mean sales are going elsewhere, like APHA.
CGC bad numbers I believe is a good thing for APHA knowing that sales are up in Canada.
Need more upside volume for hard squeeze. Let's see if apha acquires us company soon.
APHA had a green day today on the Canadian market too
What percent of float is each of them currently short?
let's break through this channel.
acb on massive short squeeze...eventually apha may get same boost.
This sector just can't get any love. Sick to watch this fall by the wayside.
This has underperformed the bounce in futures. These fund managers need to be trading their portfolio better.
By converting its debt, I know long term good but did they just destroy any chance of stock recovering in midterm?!?!?!?!?
Oil will obviously have to trend significantly higher and the managers of the fund need to do a good job trading the futures buying low and selling high.
Found my answer. We are trading at about NAV.
Anyone read the S-3 today!!!!! EXACTLY WHAT I THOUGHT....
The United States Oil Fund, LP (“USO”) is an exchange traded fund organized as a limited partnership that issues shares that trade on the NYSE Arca stock exchange (“NYSE Arca”). USO’s investment objective is to track a benchmark of short-term oil futures contracts. USO pays its general partner, United States Commodity Funds LLC (“USCF”), a limited liability company, a management fee and incurs operating costs. Both USO and USCF are located at 1850 Mt. Diablo Boulevard, Suite 640, Walnut Creek, California 94596. The telephone number for both USO and USCF is 510.522.9600. In order for a hypothetical investment in shares to break even over the next 12 months, assuming a selling price of $33.92 per share (the net asset value as of March 31, 2020, adjusted to give effect to a reverse share split of 1-for-8 executed on April 28, 2020), the investment would have to generate a 0.787% or $0.267 return, rounded to $0.27.
The NAV as of March 30 was $33.92!!!
The trend has been up now too!!!
That is when the price of oil is dropping though. I get that. But when prices keep rising, they are selling high on the month, then buying low if price still rises.
This has not moved as much as the oil futures. I would think this is trading at a big discount to NAV. I would hope it would report my belief.
Also, the pre-split options aren't moving either. Any thoughts on that? I have long LEAPS and they are not moving up.
All in the tone my boy, all in the tone. I fully understand message boards, no need to explain.
Hopefully, next catalyst will be that the shelf offering is done and there is no need for immediate additional financing. That should be the next PR.
If you feel this way, why the hell do you own "lots of shares"?
Not that your banter effects anything, but you claim you have a "large" position of a company that you hate???!?!?!
That makes a TON of sense and really boosts your credibility.
Nice.
Ignore.
Something needs to get this going for a sustained bounce..........