Harsh. I thought this would hit $40 before it could ever go back to $19. Man this price action is brutal.

Starting to think this might just go to zeros

If they’re trying to shake the tree here, they’re doing a hell of a job.

I’m on the verge of moving my chunk elsewhere. Many opportunities opening up with this pullback. Really thought this had a strong foothold in the online gaming space. Sonofa

If this were back on the Nasdaq, given this environment, all sorts of silly technical levels could get blasted thru simply on speculation and herd stimulus.

Either way, she’s moving thru key levels nicely

Alert:
Positive Preliminary results phase 1b in. COVI-MSC for treatment of ICU Covid-19 patients.

Hello Dolly!!!!!

Digity Doo!! Ending the day at the high of the day should create a very interesting morning open. No premarket activity in an OTC security so the bell ring will have some serious and I mean serious action. Can’t wait....

Feels like with these spac founders, it’s always on to the next big thing or new spac in search of another unicorn once their merger is complete.
Being a Tillman spac and Tillman company merger made me think things would be different here. I guess not. He’s not saying diddly other than what his new spacs are looking towards. Frustrating. I guess the forward looking fundamentals will have to be the driver of GNOG vs the anticipation of the completed merger. There are more visible players in this space. He/they needs to get to marketing and grabbing some market share as more and more states come online. Poor investor relations and guidance sure doesn’t help, and the stock sitting still while the market continues its move higher makes this feel like dead money. Shorts must be in control for the time being.

It’s a salty beverage

Because beginning tomorrow we are entering a socialist regime. You will only be allowed to smoke one joint per week. All freedoms will cease and you will be paid by our government to stay home and stream elitists flying into outer space on your 4K smart TV as it watches your every move.

It was a hypothetical all-in, I have other positions as heavy as this one. I phrased it that way because I started my position with 800 shares at 12 and change and am now sitting at over 10k shares avg nineteen and change. I rarely avg up but saw a hyper growth opportunity here in an undervalued company with a billionaire backer already running the business model with real revenues and peer based fundamental comps vs getting lucky enough to enter ideological based spac/mergers that have no revenues yet surge 500 to 1000% shortly after their mergers complete. So I’d say luck has something to do with it.

For whatever reason, GNOG feels heavy at 20 since the merger.

Picked the wrong spac to go all-in on. Damn the luck.

Precisely. Any positive update would create some interest and momentum

God forbid a publicly traded company communicates with its shareholders

There we go fellas. That’s more like it. A little coverage and some nice pin action today. Let’s rip.

Right. The dreaded slow bleed.

FOMO bro. World is covid free. China loves cheap coffee. Let’s rock.

Once the banks start putting price targets on her and institutions have their shares, this will play catch up, valuation wise, to others leading the online gaming space. Gotta believe Tillman has an inside track on being a leader in this market.

For my sake I hope not, but technically she’s not trading well, so who knows. Sometimes you wonder if the market sets it up this way to have the majority of the options expire and fail. There’s also the warrants that would be far less attractive to execute if the sp holds these levels for a considerable time.

I’m so loaded here further averaging down for me is risky, but if it gets to those levels, I might throw even more at it. It’s like weed to some degree. States need new revenue streams and legalizing gaming and weed seem like their best current options. The growth potential is tremendous if you’re a front runner.

Cheers.

Yeah this is a tough one. Good luck.

I’m going to try and see it thru. Not sure if the space is overcrowded or if their visibility is lagging with DraftKings, BetMGM, and Caesars so prominent. Regardless, seems like GNOG is undervalued here and there is far more room to the upside than down.

Rough man. Hard to figure. I was up 40k on LCA at one point. Averaged up...now down over 10. Don’t get it.

I saw the comment coming not the stock movement. It was sarcasm. I’ll take this action gladly tho.

Eating steak n lobsta.

About time this sleeping giant awoke. I starting to regret not climbing in bed with Chamath instead.

Lol. Saw that coming. Trading 101.

Throw in a growth multiple and peer P/E comps and you’re a step above most. Yeesh. I guess some people rely on CNBC and luck.

You sure it’s not family members put on the payroll to further fleece the coffers...

Thanks for the link. I’m open minded and will absolutely give it a read.

Sensible interpretation. Let’s follow the money. I nearly hit the sell button at open. Cheers.

Shorts attack opportunity correct? Dilution is typically a negative event, which supports their agenda. Let’s leave it at that. Sector is ripping. Curaleaf took a step back from the group. I have plenty of shares here. GLTY

You initiated the CEO jargon not me. I was simply pointing out, their timing and need to deflate the balloon during a run-up opportunity tied to political events was ill-received and is/was a clear detriment to their investors/shareholders. If they need cash that badly to fund operations, then there is far more downside. That’s an easy observation. If they are raising capital to fund growth, then they wouldn’t classify the funds as use towards corporate operations. If they are raising capital to issue bonuses and pad their pockets, well, there-in lies the greed. Again, the market reacts accordingly and it’s easy to see how this offering is being received.

Let me know when you’re up for comparing credentials. I’ve been the CEO of multiple private companies. Raising capital comes at a cost, private or public.

Doesn’t take a rocket scientist to see the pin action of the offering. Open your eyes.

Yep

They absolutely should have waited. They are showing their greed and putting out an offering on the heels of the Georgia democratic senate victory, knowing that was their window to take advantage of a sector surge. Shows management isn’t aligned with shareholders. Piss poor way to take the air out of this rally.

Loyal shareholder deserves a payout. Good Luck and cheers to 2021.

Yep. The term for use of general corporate purposes says it all.

Go Bucky!

Execution to market. Mass production ability. Promotion and lobbying. All things they’ll need to get their heads around. The best of inventions have sat on shelves collecting dust and have never seen the light of day due to poor vision and execution. Let 2021 be their year.

Certainly there will be some speed bumps along the way. I’d hate to see it get too messy. A new less greasy supply chain doesn’t hurt. Out with the old, in with the new I suppose. Takes time to restructure and get all the fat rats outs out of the cheese factory.

The market is hot. The sector is hot. GNOG is not....brutal.

This really has me baffled.

Continuing turmoil certainly isn’t going to bode well for investor confidence and the share price.

Or you could view that a company that’s forced to be transparent and is on probation so to speak will be on their best behavior moving forward. If they are willing to settle fines levied, they clearly have a desired path forward.

Losing the trust of investors and institutions does not mean an end all for opportunists lurk in dark corners. If there is money to be made, there will be buyers of the stock. If the fundamentals align with the growth potential, their will be buyers of the stock. The story remains the same. Luckin is currently undervalued due to their indiscretions, not because they are fundamentally unsound. Most companies cook the books because they are trying to cover up losses and theft. Luckin cooked the books to show accelerated growth in hopes of creating a higher valuation thus increasing the share price. There is a difference. Also, the company willingly disclosed the fraud and has taken many measures to correct the negative stigma of the management team and become more transparent moving forward.

I feel and have felt the exact same way since March/April. For me it was the fraudulent offset of expenses to mirror the fraudulent revenues, which simply was the fraudsters attempt to show more immediate and accelerated growth and not to show higher profit and liquidity, which clearly isn’t an issue based on their balance sheet and available cash. Further, fines and disciplinary actions now levied remove the majority of the risk moving forward.