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Well I’m not so sure I would phrase it that way, I would say for some unknown reason because there is a reason we just don’t know what it is and it’s probably logical to the person selling.. but it sure is taking a beating.. The bed is only 6.04, Almost in the fives now
so in this year it’s gone from 22 to 6 1/2 which is Down about 70%
He’ll probably get a bunch more in the fives! then he can run for CEO I’ll vote for him !!
It looks like EI Is buying more shares in the sixes
What happens to stocks when they Uplist?
While a lot of fanfare may occur when a stock is newly listed on an exchange—especially on the NYSE—there isn't a new initial public offering (IPO). Instead, the stock simply goes from being traded through the OTC market to being traded on the exchange. Depending on the circumstances, the stock symbol may change.
Listing Standard No. 3Companies can be removed from the cash flowrequirement of Standard No. 2 if the average market capitalization over the past 12 months is at least $850 million, andrevenuesover the prior fiscal year are at least $90 million.
After getting delisted due to bankruptcy it may take a company a minimum of 180 days however there are exceptions and loopholes. I have successfully re-listed a company in 8 weeks after bankruptcy was discharged.
must meet at least one of the three requirement sets, as well as the main rules for all companies.
Listing Standard No. 1The company must have aggregate pre-tax earnings in the prior three years of at least $11 million, in the prior two years at least $2.2 million, and no one year in the prior three years can have a net loss.
Listing Standard No. 2The company must have a minimum aggregate cash flow of at least $27.5 million for the past three fiscal years, with no negative cash flow in any of those three years. In addition, its average market capitalization over the prior 12 months must be at least $550 million, and revenues in the previous fiscal year must be $110 million, minimum
NASDAQ won't allow just any company to be traded on its exchange. Only companies with a solid history and top-notch management behind them are considered. NASDAQ has three sets of listing requirements. Each company must meet at least one of the three requirement sets, as well as the main rules for all companies.
It generally takes 4-6 weeks to process a listing application. This time frame is variable and may be shortened considerably, if the application raises no issues and the company responds to staff comments.
Week 1. Company submits application for listing and NASDAQ listing Qualifications staff begins its review.
Week 2-3. Staff completes its preliminary review and prepares comment letter.Week 3-4. Company addresses any issues raised by staff.
Week 5-6. Staff completes their review and company is approved for listing
whatever is going on with the uplisting they could have come clean with us and let us know whatever problems there are and what they’re doing about it.. I think it’s absurd how long this has taken and there’s probably information they have that they could have shared with us..
I saw that EI but I’m wondering at this point will uplisting even do anything..???????
agree former, The only conclusion i see on the uplisting is they are just being dishonest about it.. As far as the share price goes it’s been in a downtrend for the last year since it hit 22.. I don’t think $5 is out of the question, Unless they can pull a rabbit out of the hat..
Boca Raton, Florida, June 11, 2021 (GLOBE NEWSWIRE) -- Simplicity Esports and Gaming Company (OTCQB:WINR) ("Simplicity Esports"), announced today that it will, in collaboration with Esports Entertainment Group subsidiary ggCircuit, begin using its gaming PCs to passively mine crypto currencies, such as Ethereum when the machines are idle.
Roman Franklin, CEO of Simplicity Esports, stated, "We continue to find innovative ways to leverage the largest footprint of esports gaming centers in the U.S. for increasing revenue. We plan to have the first PCs mining Ethereum as soon as next week, and plan to rollout this strategy at all new locations that we acquire or build, as long as it remains economically viable. The beauty of the ggCircuit program is that initiating and halting mining activity can be done with the push of a button. At current levels, we expect to generate $100 to $125 in Ethereum per month per PC by mining during idle periods on the machines, including overnight."
https://stocktwits.com/cctranscripts/message/342856313
looks like some news today, Mining cryptocurrency on the computers
would not take much to blow this up, not many shares available in the 11s, And there’s about 800 at 13 and above that would be chaos
well said I agree, I don’t think the revenue from the gaming stores is enough to take us too far..
EIC, was there any new information that we don’t know about?
agree on all!! thanks!
Yeah I saw that before and it’s only a 25 min presentation..I’m not expecting that little dog and pony show to do much...
well we’ve almost got 500 shares traded so the show must be going really good! stock is starting to show some strength could explode any second...
Yeah I’ve been adding some down here in the 10 area, but I’m not positive that this is going to hold.. 12 held for a while but I think too many people got frustrated and slowly start selling..To me the best bottoms are sharp plunge on heavy volume.. I think if it goes below 10 we could see seven or eight.. that would be pretty ugly..
thanks for the info Namah, might give some people a better perspective of WINR, nothing has been able to move this stock up for quite a while..and GME @ $250/share they can buy a lot of things..
yes same here, warrants are holding up better.. but it looks really bad, probably nine‘s coming pretty soon then eights which will increase the volume..Either need some really good news or plunge down into single digits and maybe bottom out
Anyone think this will be going in the single digits?
The 5 day & 30 day charts look bad, too about about this stock, could have been something, could have been a contender ! Just sad
Pretty amazing the CEO puts out interesting text and somebody decides to dump stock...
On May 24, 2021, Simplicity Esports and Gaming Company (“Simplicity Esports”) issued announcing that it intends to continue the expansion of its corporate owned esports gaming center footprint through the buildout of at least 30 new esports gaming centers over the next 18 to 24 months. A copy of this press release is attached hereto as Exhibit 99.1 and incorporated herein by reference. The information contained in the website is not a part of this Current Report on Form 8-K.
Thanks for the info:
Name Shares Date Reported
FRANKLIN ROMAN NEHEMIAH 123,133 Apr 05, 2021
HERRMANN WILLIAM H. JR. 47,309 Dec 27, 2018
K2 PRINCIPAL FUND, L.P. N/A Mar 27, 2019
KAPLAN JED PHILIP 265,705 Apr 05, 2021
Is this what they mean by “watch what we do next” ? A dog and pony show?
Well it’s been dead for a long time and not Worth watching day today..So I’m hoping they have something new going on that will put a little spark into this thing
Well I don’t know what that means either, Watch what we do next, but it sounds like they’re trying maybe they got something good going? So I threw my 100 shares in, and then somebody else followed it up with 100 shares so let’s have everybody throw in for 100 shares today and see if we can get over 1000!!!
Yeah you could be right, I don’t know all the technicalities of it but i’m pretty much disgusted with the whole thing I’m just tired of it..
I’m pretty sure we all agree with you, but it just seems like it’s taking forever to uplist, If they can qualify, who knows?
Well I’ll take your word for it! But you’re right who knows? I know they want it to be a big success so I just hope they can do it..
That’s For sure, what I am worried about is it after all this time and uncertainty that if they do get an up list That nobody’s going to care..And we will still be doing 600 shares a day maximum..
Thanks much, this is starting to be like some kind of mental torture! Lol
So Namah, what’s going on here? Is the uplist coming?
Yeah EIC, it’s just not quite that simple .. if anybody tried to get a good size stake in shares they would Push that stock to $50-$100 and then no more 20 million market cap
I think you’re right Namah, so that would mean people don’t either understand it or they don’t believe it.. so there’s a little more volume today but not much..
The corporate owned gaming center revenues combined with royalties and fees from franchisee owned locations set a record in March and again in April.
Boca Raton, Florida, May 10, 2021 (GLOBE NEWSWIRE) -- Simplicity Esports and Gaming Company (OTCQB:WINR) (“Simplicity Esports”), announced that its esports gaming centers experienced record revenue in the month of March and again in the month of April. Simplicity Esports now owns a total of 15 gaming centers, of which nine are operating with 25% to 75% capacity limitations. 11 of 18 franchise gaming center locations have reopened and are operating at various capacities.
Roman Franklin, CEO of Simplicity Esports, stated, “We recently announced a record quarter for revenue for the period ended February 28, 2021. That trend has continued into March and April. We plan to continue with strategic gaming center acquisitions, as well as construction of new locations, throughout 2021. Assuming no new material COVID-19 restrictions, I believe corporate-owned gaming center profitability is achievable in the near term, as all of our corporate locations have percentage rent lease agreements with the respective landlords