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Dog/pony show is what's been missing IMO, if that's what it takes to bring more eyes on the company. i don't see anyone from WINR management pumping the stock. The fundamental story speaks for itself when compared to the other publicly traded esports companies like SLGG and AESE. It might be different for traders, but long term holders, like myself don't really care about liquidity issues on OTC. Then again, I'm not looking to scalp 20 or 30% from WINR. Namah converted me to be more patient for a much bigger move.
Are you actually short? Impossible to do so with my brokerage account. It makes me wonder if shorting can only be done by market makers on this stock?
AESE cash burn was probably multiples of WINR too! WINR doesn't seem far from cash flow positive as these gaming centers reopen. Flamengo Esports sponsorships could surprise too. Imagine if WINR hits cash flow positive in its first Q as a Nasdaq company!?!
If trend continues $WINR does $600k this Q which would be 40% growth quarter over quarter as has been the case the last 3 quarters.
Eventually the uplist should happen - management definitely haven't promoted the stock well or at all imo, but they did take a pre-revenue company in 2019 and in 2 years have built a real business with dozens of gaming centers, a league of legends franchise, and 40% revenue growth Q over Q for the last year. I can't find exactly how much of the company management owns, but i think it's significant based on other posts
CFO gets bonus if K filed by July. I would say they are pushing to get the K out very early. I don't think it's actually due until 8/31.
What's your price target for 12 months?
Are these guys going to uplist? $SLGG just reported yesterday $700k revenue and $5m cash burn with a $100m market cap.
$WINR reported 60% of that revenue number ($430k), with 10% of the cash burn ($480k), and has 1/5th the market cap ($17m). UPLIST UPLIST UPLIST
The business execution seems too good for that to happen, but who really knows
Already setting revenue records at limited capacity. Sounds like additional upside for revenue growth without further acquisitions. Good news
Hard to build position with a 12 handle - where are the sellers?
Someone wants to build a position in WINR
Recent volume/price action may give them what they need for uplist. I think NASDAQ requires a certain minimum trading volume that I'm sure they have met by trading about 75,000 shares in the last 20 trading days.
Ticktock, ticktock, ticktock, ticktock, ticktock - I'm patient when I expect massive moves
I think this is just the tip of the iceberg. More legitimacy and mainstream adoption is coming.
Looks like $WINR is bucking the sector trend - less liquidity, but interesting study. Where does $GMBL find a floor technically?
Why does it sometimes trade at a lower market cap than the takeover offer?
I wonder how many of the corporate stores were open the entire quarter? I don't seem to be able to find that in the Q. Anyone else see that info? It looks like at least 6 of the corporate stores are out here on the west coast in California and Washington. There is no way those stores were fully operational and maybe not open at all during that quarter, that could make the revenue number even more significant.
I think their Q is due today. Maybe there will insight about Nasdaq. Either way, I'm looking forward to seeing how revenue fared compared to last quarter.
Think they can raise enough for Nasdaq this way and cancel the current S-1 that includes a warrant?
They don't seem to know how to promote the stock or even publish regular press releases telling us how their business is doing
The volatility is back!!!
Expecting another competing buyout bid to come in? The latest doesn't seem to properly value their esports assets.
Looks like a great acquisition
I wonder if the insider buying will pick back up at this level?
Imagine if $WINR starts capturing content from all the game playing that occurs in their gaming centers. I think this could become a significant library of content, for which they could sell advertisements, much like $SLGG
I wonder what it takes for WINR volume to get closer to WINRW volume? Is the limited volume in WINR bc of the low float?
I think the warrants are a $92 exercise price aren't they? $11.50 times 8.
I'm not sure how insiders would be manipulating like that? Sounds more like market makers, but I don't have a ton of knowledge in that arena. I bet the Reddit group could figure out what happened. ha! GL
Can WINR be traded on Robinhood yet? Is the bid for a round lot of at least 100 shares?
Looks like they cleaned up their convertible debt with the latest filing. Variable pricing convertible note was refinanced with a fixed price conversion at $11.50. Seems to me that an institutional investor isn't going to give them a $1.7m note with a convertible price of $11.50 unless they think the stock is going higher, and trading volume is going to increase significantly. I also don't see any mention of a registration statement to make the shares free trading. If I understand it correctly, it seems that when their debt converts at $11.50 they will be restricted shares for 6 months. Any thoughts Namah? You seem to have a firm handle on this company.
I can't find trace of IR with Simplicity. It doesn't seem like they are doing any promotion at all. No IR firm, no current presentations on EDGAR. Makes me wonder what would happen to volume/liquidity if they were doing standard IR and promoting the company and story to investors that aren't currently aware? Any thoughts from those of you that have been following the company longer than me?
Same rev as $SLGG 25% of market cap. Isn't $WINR revenue going to blow up with all the acquisitions they completed this quarter? Their League of Legends team is undefeated in Brazil and looks like they will go to Worlds. $WINR cash burn is tiny compared to $AESE $GMBL and others, which translates to less dilution.
Has anyone compared $WINR to $SLGG & $GMBL? Historical revenue growth and future projections seem to be much more attractive with $WINR, especially with the recent acquisitions of almost a dozen gaming centers. $SLGG market cap is $60m. $GMBL market cap is $100m. $WINR market cap is $17m.
Namah what's your 3 month price target after this consolidation?
Agreed, the stock has lagged NIO and XPEV too much. It's catch up time.
The acquisitions of established gaming centers should grow revenue even in the current COVID environment IMO. The percentage rent leases are also for the gaming centers they are acquiring. They also have the esports teams like Flamengo Esports that is likely experiencing steady growth recently. This month they announced a sponsorship for Redragon worth over $180,000. 2021 revenue should be multiples of what it was in 2020.
NASDAQ listing means Brazilians can buy stock to invest in Flamengo Esports, Simplicity's subsidiary that owns the League of Legends franchise. They have a ton of fans and followers on social media in Brazil. That could be a massive wave of buying once NASDAQ happens.
It's encouraging to see the price action today. Decent volume and resiliency is indicative of establishing a new floor until charging forward again.