Movin' on up!
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In the last couple of months
Someone or a small group have dropped anout $100,000 on this stock. I wonder why? That is a lot of money to invest in a company that puts out PR's on Twitter. First Foods couldn't be more low profile. I am interested in seeing what it is all about.
A question
About the software in ELYS. I am not sure if anyone knows but does Elys own its casino games or is that "rented"? I am pretty sure the company owns its poker rooms and bookmaking. This is a bit abstract but I am trying to get a feel for how it works.
Looks solid
I was really impressed with the year/year growth in the middle of a pandemic. The share price is holding up well today despite the 60% share increase. Once the share price stabilizes I will be able to set a good stop loss on. When the share price is volatile like this it can be tough to get it right.
You could make a strong case
For buying low priced stocks exclusively from a list such as this. I am going to have to do some simulated buys and see how it works out.
These are the times
With Penny stocks where you have to trust what you know and ride it out if you didn't sell earlier. I dumped about half of mine at a punishing (for me) loss but there was a good reason I bought this stock so I will wait and see what happens. If they can get through these headwinds I still think we are well-positioned overall.
One thing about this stock
Is that it can move a pretty good amount in a short period of time. In March we were in a free fall down to around a buck. It then turned around and went all the way back to just short of $4.00 if I remember correctly. It subsequently retreated again but I think there are a lot of eyes on this one, especially considering the very low float. As the blocks get bigger and the volume more consistent we will really take off. As a reminder, we were approaching a $100 million dollar market cap before this fiasco.
It would really help
If the insiders would buy a significant amount of shares. There is nothing positive occurring right now.
Nice foundation being established
I am guessing that a large majority of the float is either held by insiders, who have bought a lot over the past few years, or in the range of $2.00 to $2.50. If we can get back to $3.00 it will be a good signal for the market.
All signs pointing up
The beauty is that the low float coupled with the minimal convertible debt makes this stock very attractive. The best thing is that we are hitting the market just as the industry is opening up in North America. The skys the limit!
Great news!
The sooner we get approved and the installs made the sooner we can watch the business plan unfold.
This company is great about insider buying
Luca Pasquini, Michelle Ciavarella, and others have supported the share price or made substantial purchases over the last 5 years. The float is actually smaller than advertised due to the BOD buying so many retail shares. There is a lot to like with this company.
Me too
They could only find 500 shares at the end of the day @.24 today so they will have to start going higher soon.
Back to the bid @.24
I wonder if that 5k will get picked up today? Interesting.
Happy Thanksgiving!!!!!
Let's hope for a very profitable Friday
Nice post!
This shows just how the market is opening up and we are ready to go big!
I have been watching it for a while
The only reason I have this stock is that I bought it when it was Pender and instead of selling it I forgot about it. That account was just 401k stuff so I ignored it. About 15 years later I noticed they had done a r/s and then, a few years later, a forward split. This one time shell, with outrageous O/S and lawsuits, cleaned up to low O/S, no lawsuits, and little convertible debt.
One credit to Mr. Ciavarella. He had a falling out with Russ McMeekin where all sorts of nonsense happened with regard to the BOD and other issues. It looks like we see who was bullshitting in that one. Mcloud is hurting big time and ELYS is ascendant. Bravo!
Much of what you say I agree with
However, I have learned from many years of trading low priced stocks that when the float is held by retail investors it is illogical. You need strong institutional interest to smooth out the peaks and valleys and allow for an orderly market. I am looking for the share price to continue north. When the U.S. entry announcement comes we should see another nice bounce. To the moon!
Yep
What this can accomplish is setting a higher floor with movement up. I would love to see a $2.00 trading range hold up. That would be very promising.
It is a mystery to me
Something just seems way off. This should have been a Covid success story given the low entry and potential savings. Refineries, wind farms, power plants, etc. are running so they are doing maintenance. I can see a certain amount of capital expenditures being curtailed but this advertises immediate savings. They have been talking about smart buildings and so forth for years yet nothing. This company has a habit of making vague statements and lofty projections that don't seem to pan out. When was the last time they got a contract from a notable company?
Lost the volume
And the share price retreated. Still a good day so far but did look much better about 3 hours ago.
This will blow away
September 9th when we traded 9 million shares. Up 75%!!! I am glad I made that 5k
purchase a few days ago. Obviously I now wish it was a lot more but it looks good 2 me!!!
This is sad to see
This company and its tech are a winner but Covid just devastated this company. It has put the investment ahead of the revenues with the promise of growth imminent. Covid killed all that. Also, there was a blinking light with the Building IQ fiasco. They managed to get fleeced for $500,000 and seemingly with no recourse.
As for Russ, this is the second time he has been torpedoed by a once in a century issue. He was running Progressive Gaming and it was growing fast until the financial crisis of 2006/2007. That event buried them. I suspect that this company will survive but as far as the current shareholders....I am bearish.
Great day!
The next couple of months are going to be pivotal for this company. In for a penny, in for a pound.
The board
The BOD is looking more and more like gambling industry members and less business people. You can see the evolution of the company from that perspective.
A couple of thoughts I have is that I wonder what the opportunities in Italy are for picking up some smaller operators. Their market is an interesting one and seems to be ripe for consolidation.
Also, let's say FanDuel wanted to acquire ELYS. Would the value be the current stock price or the value to FanDuel? Clearly the more bets it processes and the more features come into play the more value ELYS would bring.
If one of you guys wants
You could make another intro. I am sure you could do a better job than I at that. The one that is currently there I made a couple of years ago. GLTA!!!!!
Check out 09-09-2020
This stock traded over 13 million shares in one day with a float half that size. I assumed it had to do with certifications and a whole lot of day trading. But this stock has had some strange stuff going on.
The insiders
Have been buying shares for years. All of the original Newgioco people have really put their money where their mouth is.
Institutional investment
One thing for sure when the vast majority of your shares are sold to retail buyers it will be erratic. What we need is institutional interest. Once that happens the price will stabilize and rise consistently.
Recent purchases
These buys are taking place at the beginning and end of the day. Somebody is accumulating and picking up shares at a quarter. I wonder why?
A cursory glance at the 10-q
Looks really good to me. Year over year revenue increase, debt is down, small amount of convertible debt, assets are up....all in the teeth of a pandemic. I really don't know how you could expect a lot more from a company of this size given the headwinds. The next 4 to 8 quarters could be really profitable for those that can stay the course.
My sentiments exactly
That was a good catch
It slipped right past me. Like any growing company there are ups and downs. I am confident they have the ability for massive growth. It is now just a matter of getting this damn coronavirus issue handled. The vaccines will start rolling in about 3 weeks with worldwide availability by mid-year. We have the money to survive this until things return to normal.
Filing?
Wasn't it supposed to be yesterday? One thing I am not crazy about is the inability to complete a filing in a timely manner. Is the call still happening tonight?
Unusual activity
On Twitter? WTH can that be for a gambling company from Italy?
They are fine
As long as they don't go back to an ongoing concern qualification. They have money to pay expenses, low convertible debt, and a favorable share structure. I await the 10-q.
I can tell you for sure
That nobody is doing anything but losing money at this level. The vast majority of shares have a cost basis of $3 to $4 (post split) a share. Insiders have bought hundreds of thousands of shares on the open market over the last few years at these prices, not including the Gold Street Capital purchases. I feel confident that those running the company are looking at the share price very closely.
I have been around for a bit
And I can say with confidence that a purchase anywhere near this level is very safe. This company just got on to the NASDAQ. I doubt they would let all that work go and get delisted.
This stock
Has been around since the 90's. It was Pender, Empire Global, etc. It seems that Mr. Ciavarella got involved with the Newgioco people and put that private company in the shell creating the beginnings of what we have today. I could be off a bit on the timeline but the essence is correct.