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In my opinion
Someone (not saying you) who would read a post from the action network, that is owned by chernin group who has had their hand in dfs & online gambling since the beginning and makes their living from online sports gambling. If that person reads this post and actually believes it, is the same person who would read anything online and believe it. My advice to this person would be to read a balance sheet every now and then so that they don't get confused.
All these "igaming" companies trying to get to the money first. But I think gamblers will not trust a icasino and betting on video games. This leaves the door open for much corruption and control at the top which is the opposite of what sports gamblers like. A company like draftkings with past accusations of insider trading will not be on the top of the list of destination for the few , new to sports gambling consumers.
this is all just an opinion and not meant to attack anybody.
Ya lake street cap with the basic question we already have answer to and bob knows is coming before hand lol. If I have any doubts I just buy/sell, VTSI has my trust for now.
This question does need to be answered in this earnings call. Who they are and their purpose.
Where can I get ahold of the names? Can't find anything on this. IR?
The papi thing is funny to. Only total dorks say Papi. Anyways, looking forward to 15th.
Isnt this a good thing? it sounds like you and fish don't agree?
Anybody going to ask questions on the 12th? I have a few I would like to ask. Internal controls, Burlend ownership, step program, advisory board (who & what is it), what is saltz & Richardson bringing to the table.
The great entrepreneur Jason Robbins falls victim to poor internal controls lmao.
Lol this is funny man. Great post!
We will see, but I disagree.
"we didn't have good internal controls in place." This has got to be the best statement i've ever seen. Rich coming from a *illegal gambling company.
Of course. Ill be here in 5 days.
LOL robbins is such a clown. "In retrospect I should have known something like this could happen, and we didn't." How dumb does this guy think people are?
Yup that one. If you don't think this will continue to happen over and over again to raise money for terrible balance sheet with Draftkings you're foolish. How much $ does robbins need before he can finally flip a profit in a market that only has local competition?
Cant wait to see what a mess Robbins has made out of this earnings report.
Yes they had a net loss of 74 million in 2018.
yes, the most recent dilution recently being Diamond Eagle Aqusition Corp.
Insider trading incident where employees of Draftkings were able to play DFS. Imagine knowing which way the betting public is leaning. HUGE advantage, insanely corrupt.
It is unique in the since that you have already broken the laws to start the company and make money illegally. Then once they have the name and the money they use that dirty money to expand overseas.
Of course it is not right and corrupt. Imagine having a 5 year head start at the time this took place not because people didn't think it wouldn't succeed but because it was illegal. Daily Fantasy Sports wasn't unique and Jason robbins isn't some great entrepreneur, hes a criminal based on the definition. Then trying to merge with the only other company that would compete with you. Imagine if this had actually gone through, holy sh**
Your a chart guy and telling me to do research. lol
Worse then insider trading if you ask me. These people should be thrown in prison.
Losers mentality if you ask me.
The common man wouldn't accept putting money onto a website that claims to be honest but has insider trading incidents giving the common man virtually no chance of winning.
Sure lets discuss, double net loss in 2019 for a loss of -142 Million. Continues to raise money and dilute shareholder value. Been accused of multiple insider trading incidents. Takes the company over seas to try to save the company and not have to answer to American laws. Tried to partner with Fanduel to completely monopolize a market that isn't even legal yet. Imagine reading facts about a company and thinking its deranged or irrelevant lol.
My opinion.
The fall in dk is inevitable and like I said before I do not have shares or short in the company. Also like I said before, I do not like corrupt companies especially a company that preys on the common man/law abiding citizen. Robbins should be thrown in prison for breaking the laws he did and making a complete joke of our great capitalistic values. Seeing DK fail will be satisfaction for me which is why I am sticking around to see it.
This 100% is not directed to attack anyone holding shares in this company.
what is this advisory board I keep hearing about? I cant find anything on it? Who is on the advisory board? I need dets.
The fishhunter v twister beef is hot!! Facebook handles for the win. If your lieing your flying.
Fish goals for the company do not align with mine. How many shares do you have fish?
I do not think about this when i post because im not trying to manipulate the board. I just give my opinion and hope that others learn from it the same way I learn from other post.
As I said I don't day trade, my investment strategy is very simple. Good companies with good balance sheets, Draftkings is no where near either of those.
I think its funny how people on message boards think that what they say affects the stock. I personally am not speaking in code, and I have no idea who the guy is but he is right in my opinion, it does seem has his own agenda tho. The media so busy twisting peoples brains I can understand why people are confused.
I don't day trade, I stay long term so for me its simple. Don't be fooled BALANCE SHEETS STILL MATTER.
Now this guy 100% is short. Anyways, cant imagine anyone would actually play/trust an online casino to give them a fair shake. "igaming" companies going to have to do better than this.
But he is right. Don't be fooled, MAKE BALANCE SHEETS GREAT AGAIN.
agreed
This is no surprise. The aerospace and defense sector has taken no hit from this pandemic like I said it wouldn't.
I recall you telling me I shouldn't compare vtsi to axon.
In my opinion.
If you think you have an honest chance in dfs, you don't.
We have laws to protect the consumer, draftkings is changing everything which is why they are continuing to get free publicity because this changes everything with how the elite class/business will be able to move in the future. There have been no regulations on a company like Draftkings to this point to protect the consumer because online gambling has always been illegal up until 2020. I know they say investing isn't personal, but I cant support that. Draftkings day will come to face the music just like all corruption eventually gets exposed.
This is my opinion. Not an attack on anyone invested in this company. Conrgats on the gains.
I knew they had gone public the day of because I got a text from friend about it I shrugged it off and thought nothing of it. I didn't check this board. I then have been watching davey day trader of barstool on the reg in which it is known that he has massive chunk of penn. I did some research on penn and find out they are partnering with dk, which knowing the online gambling market I think is a terrible move for Penn. So I came to the penn ihub board to voice my opinion which naturally brought me to the dk board.
Its all on the table.
I guess im the first person to come late to a stock message board.
The only reason I came on here is because its all over the news about draftkings going public. I don't stay around the dk message board waiting for the perfect time to bash them. The stock is doing well which naturally drew my attention so I came to the message board to see others opinion and give mine.
You cant just call someone who has a different opinion than you a hater. That conversation goes no where.
I am not hating on anyone who made money in this stock. If I recall I came on here to bash what a bad company it is and instantly was told by multiple people they were going to block me. It is your money, invest it how you like. I do not like dk one bit or what they stand for. This is a terrible company built on corruption. My opinion is that just like any company that continues to lose money, especially at the rate dk is. Will not succeed in the future. When you have no competition in the market due to gambling laws and you still cant turn a profit, I don't see it happening once others come in to compete.
If anything I am giving you all a heads up, its your money. But I will say I have been around dfs since 2009, Was a draftkings vip (free entries to tournaments, sent to multiple games whenever I asked), been to multiple live finals, Know the industry very well and the corruption within. I can only share my experience with the company, and from what I experienced I don't see this company lasting long.
This stock is solely trading high on media hype and charts. This isn't dfs this is the market.
Wait until these earnings reports start coming and it will bring you all back to reality.
Draftkings started as an online gambling company which at the time was illegal in the united states up until 2020. But they did not address them self as a "gambling" company but rather a "gaming" company. They had a net loss of 142 million in 2019 after having a net loss of 76 mill in 2018. Draftkings has been accused of multiple things such as insider trading, fraud, negligence, and false advertising.
These are facts not opinions. So when I say robbins is laughing his way to the bank. I would say that it isn't an attack on robbins or anyone on this message board.
That's great good to hear because nothing has changed with the company since then except draftkings doubling its net loss again. lol.
chart guys lol. Not in dk or short just hate the company, ceo and everything they stand for.
The earnings report on the 15th should be hilarious. for all the chart guys who don't care about balance sheets thanks for giving the rest of us value.
lol funny. I keep getting told I short stocks. Only companies I would short today are tesla and draftkings . I wouldn't short the cruise industry, way to much value.
Draftkings had a net loss of $142 million in 2019, kind of incredible. Ill give robbins one thing, he makes great business maneuvers to get himself rich. The win at any and all cost mindset like trump and bezos.
The amount of lawsuits draftkings has already had to face is incredible. I find it hard to believe that anybody would want to partner with this company finding the fact that MLB just caught their own lawsuit for being affiliated with them.
lmao. You guys know nothing about draftkings it is hilarious.
Daily fantasy sports will be dead once online gambling legalization is complete in this country because its not honest. Fact remains nobody trust draftkings, there will finally be some competition because of these law changes and nobody will use DK anymore. It is the oldest story in time. The fact you cant see that is the same reason draftkings will take your investment money just like they took your sports gambling money.
I don't hold dk shares. I hold mgm shares, a real gambling company that can succeed by obeying the guidelines of this country. Maybe do some research and see what a balance sheet should look like.