Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Don Caldwell was the former Chairman before Jed. All of these guys have been invested in this thing since day 1 so it doesn't surprise me he has warrants like that.
NBD revenue double last year's. Fundamentals don't mean much to the stock price at this point. When listed on nasdaq, people will care that its trading for 1 times sales and growing at more than 200% per year. Oh yeah, I forgot to mention their revenue actually comes from esports, not online gambling like $GMBL. Invest in the business or the stock? #iykyk
Where did you see that? I am interested in those 3090 mining computers. I look at Minerstat to stay on top of how much the 3090's should be mining https://minerstat.com/hardware/nvidia-rtx-3090
500 PCs with 3090's should generate over $1.25M/year in mining revenue. I think their margins are high on the mining revenue, my guess would be 75%. Minerstat also lets you calculate energy expense. Adding $1m to cash flow for a company this size with a pretty small cash burn gets them close to break even.
I've seen warrants that have a discounted strike price, owned by institutions in the cap table for uplisting companies. What usually occurs is the warrant holders agree to a lockup of 3-6 months on their warrants, so the bankers can raise money at a higher price point and those investors don't have to worry about the warrants being immediately exercised and the stock being pressured lower.
It's also worth noting the 3 investors that were announced as providing these loans, have already given the company over $3m in convertible notes. If they thought the company was worth $1/share, why would they agree to an exercise price of $1? They are in the business of making money, and my assumption is that they think WINR is worth a lot more than $1, and that's why they accepted $1 exercise price.
The difference between WINR's deal and the recent GMBL deal you reference is that GMBL's deal was a unit deal (stock and a warrant with a $1 exercise pric), sold for $1. WINR's deal isn't an equity sale where these investors can just go dump the shares of common stock and keep the warrant. They received a total of 2,573 shares of stock as a commitment fee, and they have convertible notes, that will likely be repaid with proceeds from the NASDAQ listing raise. Regardless, we are talking about 137,500 warrants and 2,573 shares. Maybe they already sold their shares, since WINR did 2,879 shares of volume yesterday?
That's the most uninformed thing I've read on here in awhile.
$7m market cap, ATL, less than 3 times ttm revenue with revs growing over 300%. is this just a binary story of investors that bought for the uplist and are bailing without buyers because they have become impatient? I don't see many talking about the biz fundamentals and the sector on this thread.
Not according to the former CFO, Knicks Lau. He gave me the info over the phone earlier this year. 8 warrants and $92 to exercise and receive 1 share of WINR.
$92 strike price 1/8th warrants? I don't think there is a connection with the uplist hahaha
GMGI another Co. I follow applied in August of 2020 and still hasn't been approved. $180m market cap and profitable. Seems like your 4 to 6 weeks might apply to NEW IPOs, but doesn't apply to companies applying for UPlisting.
MCLD applied in January 2020 and just received NASDAQ uplisting approval 2 week ago. Keep talking your book.
https://www.globenewswire.com/en/news-release/2020/08/27/2084854/0/en/Golden-Matrix-Files-Application-for-Uplisting-to-NASDAQ-Capital-Market.html
https://seekingalpha.com/article/4313537-mcloud-technologies-investible-eye-catching-growth
$4 is minimum Nasdaq, $3 is NYSE minimum
Valid without a doubt Namah
If my math is correct "30 trading days" takes us back to 10/15 and we've traded 95,514 shares or 3,183 daily over that time period.
Great burn justnkz - seriously though, you will probably be our contrarian indicator. Make sure to let the board know when you exit your position, this way we know the uplist is happening that week.
Please go hit the $7.20 bid with your 400 shares so you can be out and stop the griping.
Looks like 4 different Insiders bought this week based on Form 4's. "There are many reasons insider sell, but only one reason insiders buy..."
You are already missing the aggressive seller?
Insiders have continued to increase their ownership. I don't see a single Form 4 transaction that was selling, other than a few thousand shares by a charitable foundation run by Kaplan, and the notes on the Form 4 say those were required to be sold to meet minimum distribution requirements for the charity. I would think insiders have better insight into the likelihood of the nasdaq listing than us smaller public investors.
I believe you are referencing IPO listing process, not the process to uplist from OTC
From my knowledge the exchanges want companies to keep discussions about the listing process private because there are typically multiple rounds of comments. I haven't seen any press releases for any companies that say "nasdaq commented on the application and wants to see more trading volume before granting listing approval". I think companies receive feedback and work to address the issues. Perhaps you are right though because the only thing management has said for months is that they have an open application to Nasdaq and there is no guarantee of receiving approval. IDK
Justnkz what do you think they are being dishonest about?
HAHAHAHA!!!
I wonder how big this CGC deal is? I checked out CGC's website and the cost of having cards graded varies between $15 and $125 each. If CGC has graded over 1 million cards in the last 15 months that's well over $1m a month in fees. The PR said Simplicity is now the largest network of Official Submission Centers for CGC. I imagine Simplicity gets a cut of the submission fees generated.
Yes it looks like it is a grant, but the CFO will have to come out of pocket to pay the tax bill for that $90,000 in taxable income since this is stock grants and not options or RSUs. She's probably paying $30,000 out of pocket in taxes on those shares, which still feels like a purchase to me!
Faze Clan public at $1B valuation - presentation shows $40m in annual revenue. 25 times revenue seems to be in line with SLGG, GMBL, and AESE. 25 times revenue for WINR is 4-5x today's price. Will be interesting to see how Faze impacts the market for WINR.
It means uplist to Nasdaq is still pending and it seems like they have registered shares underlying warrants so if and when the warrants are exercised it's for cash and not cashless
From the S-1:
"c) Cashless Exercise. In the event that there is no effective registration statement registering the Warrant Shares, or no current prospectus available for the resale of the Warrant Shares by the Holder, then this Warrant may also be exercised at the Holder’s election, in whole or in part, at such time by means of a “cashless exercise”
Great point about underwriters. Them having access to the green shoe also allows them to cover positions at prices we may never see as secondary market participants.
Surprise the Q is 3 days early. Rushing for Nasdaq?
$905k revenue for last quarter +350% over 2020
WOW that's a nice jump
If revenues are up another 300% it will likely be because of incremental increases from things like crypto. I don't see any press releases about acquisitions of anymore gaming centers and this quarterly report won't include revenue from the energy drink exclusivity deal or NFT sales yet. I don't really see how revenues could grow significantly without the addition of new streams of income like crypto. What revenue number would it take to get some attention from broader market before Nasdaq?
Quarterly Financial Report Due Next Friday (10/15) - Anyone looking for another 300% rev growth quarter? That would be $800k in topline and bring trailing twelve month revenue over $2 million, which means we are trading at 6 times trailing revenue and growing at 300% a year.
When I took over as mod it automatically deleted the intro. I tried to recreate/update what was there. Open to suggestions for what should be included.
I can't wait to see what happens with the ESTV deal.
You most certainly have done your homework. Do you think the stock trades with a similar valuation multiple as other esports names (SLGG, GMBL, AESE) once on Nasdaq?
Great insight - is this going to be one of those deals with limited coverage and we wake up one day and it's trading on Nasdaq?
Who is selling at this price? Forget this is an esports, NFT, crypto story. It's a growth stock trading at 6 times trailing revenue and growing at 300% a year.
As the 9th most tweeted about esports team in the world last year, there must be fans itching to buy NFTs. I might get involved in some of the bidding depending how crazy it is.
YOY rev growth 300%. Trading at 7X's rev seems cheap to me. There also seems to be multiple revenue streams with Brazil, gaming centers, and franchisees. My question is whether or not they can continue growing rev with the existing assets, or if they need to spend $100m like $SLGG to get to $3-4m/yr in revs? If they can't grow revs without a massive capital raise, this may take awhile to get interesting.
Thanks for the interesting article, I really like this company.
What's your estimate of potential gaming center revenue? Last week's PR they are more than tripling the size of their footprint of corporate owned gaming centers to at least 45 over the next 18 months.
Imagine what this company can do once it has some capital to work with besides the little pathetic notes they have been taking. The $10m from that S-1 sitting out there will likely buy them a considerable amount of revenue generating acquisitions.
AESE SLGG revenues are $2-3m. WINR is $1.1m and has been growing at 40% Q over Q. If that trends continues they will be doing $1m/quarter in 6 months. What makes AESE and SLGG "very established"? If the answer is Nasdaq listing, it seems WINR is moving in that direction. I lean towards impatience with this company, but it feels like one of those that will be running on all cylinders when I about to throw in the towel, so I hang on.