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Anyone following AESE stock (eSports play)?
It has AESEW warrants too. Just came across it.
Crossing my fingers that we’ll get news that WINR and WINRW will be resisted on the NASDAQ.
Interesting article on gaming: “Gaming the Future”
https://www.washingtonpost.com/brand-studio/hpe/gaming-the-future/?sr_campaign=gaming&sr_content=twitter&sr_lift=true&sr_medium=social&sr_source=washingtonpost
Jed Kaplan’s connections in the NBA (Memphis) and soccer worlds (both UK and USA) could get very interesting, as I read his Twitter timeline more often. Biggest criticism of WINR that I continue to hear is twofold: the chart and the volume. Took guts to build a position in the shares/warrants back in March when their prices were at rock bottom and investor morale was poor. My hunch is that those who didn’t catch the first upward wave in the stock (rebound in price to $2.20 or so) might be aggressive buyers in pushing the share price up to $4-5, or so, in the next wave.
With the all-stock PLAYlive Nation acquisition (44 locations) at such favorable terms to WINR, I get the sense that PLAYlive Nation ownership believes that their stake in WINR shares will be valued exponentially higher than ~$2.00/share in the years to come.
That’s superb branding with that job posting.
In just a few more days, the DeLand store opens and that will make it 46 stores. Management’s goal was 50+ stores within the first 12 months?
Yesterday’s action in the shares and the warrants (201K in volume) hint at 100K+ trading volumes for both the shares and the warrants in the weeks ahead. Cheers to all of us who got in early on WINR/WINRW and stayed the course since early in the year.
Shares just traded at 2.20. Strong bid size at 2.14.
Warrants last at 0.485.
Great to see.
I’m still holding tight with my 27.5K warrants. The shares could jump 50% to the low 3s, let’s say, and the warrants might rise modestly by comparison.
Good point, Namah. Assuming the $4.00 exercise price becomes official, it wouldn’t surprise me if they temporarily lowered the exercise price a second time to raise cash and reduce the number of publicly traded WINRW warrants (several years until the Ws expire) outstanding.
Nice to see the bid/ask tighten on the WINR shares. Wouldn’t surprise me if at some point they dropped the warrant exercise price down to $3.25-3.50, let’s say, for a brief period. Might enable them to raise cash sooner rather than later.
My bad. It’s 44 stores.
Let’s say $2/share x 750,000 shares approximates the acquisition. Divide that $1,500,000 amount by 144 stores. Cost per store? Just $10,416.
Agree. Getting re-listed on the NASDAQ would help the company’s visibility.
I’ve gotten plenty of vehement feedback from certain folks that they want nothing to do with WINR stock. They think the chart and lack of volume are atrocious to them, even after yesterday’s news. I get the sense that boston127 has it right that upward moves, if they happen, will occur in steps with some sellers exiting trades after finally getting back to break-even. Good opportunities ahead for patient longs to build positions.
The news of the Fortnite prize of $3 million to the 16 year old winner, coupled with the timing of WINR’s press release today? Awesome! WINR gets a lot of scale moving forward. I still hear the complaint of “zero volume” from some folks about WINR, even after informing them of this morning’s press release.
I’m holding over 27,400 warrants. Quite a headline on WINR!
Was reading where the parent organization of Counter Logic Gaming is The Madison Square Garden Company (symbol: MSG). MSG owns the Knicks (NBA) and Rangers (NHL) sports teams, amongst their numerous holdings.
From Wikipedia: Counter Logic Gaming is an American esports organization headquartered in Los Angeles, California. It was founded in April 2010 by George "HotshotGG" Georgallidis and Alexander "Vodoo" Beutel as a League of Legends team, and has since branched out into other games.
Challenging to trade the shares and warrants given the wide bid/ask spreads, here and there, coupled with the at-times mediocre volume. If the 1,600 shares at the $1.85 ask get taken out, we might see $2.00+ for the close today. That’s a very sizable percentage reduction in shares outstanding for WINR. And with its industry peers having much higher market caps (ex: SLGG) this might be a “coiled spring” here.
After seeing this very uplifting news, I was the buyer of 2,368 warrants at 37 cents. Put in a limit order to buy that quantity at 38 cents. Entire order was filled in one trade at 37 cents.
Shares last at $1.85, up 0.25 (+15.6%). We’re two months away from the next store opening. Nice reviews of the Boca store on Facebook.
Don’t have a link at the ready. At Etrade, they posted a GlobeNewswire press release at 2:04pm that stated “Simplicity ESports and Gaming Company Announces Retirement of 2,603,343 Shares of Common Stock”.
He’s a hands-on CEO:
We are seeking qualified team members for our current and future LAN centers. Vast esports and retail experience are a must. Resume required - send to: jkaplan@simplicityesports.com pic.twitter.com/2MCIEdcyl4
— Simplicity Esports (@GGSimplicity) June 1, 2019
I’ve pointed out WINR to some folks and their critiques seem to center on “zero volume” or what they perceive to be a very short corporate history and other aspects they find unpalatable. Yes, volume has been mediocre numerous days of late. Yet in early 2019 there were a couple instances when daily volume was north of ~750,000 shares. It takes some cojones to be buying WINR and WINRW this early in the game, so to speak. I’m placing my bets on Jed Kaplan and his leadership team to make things happen for us stakeholders in a very positive way.
All good stuff. I’m back over 30,000 in warrants held. WINR’s market cap remains a small fraction of its industry peers (SLGG market cap is $68M or so, for instance).
I get the sense that Jed Kaplan will move to get WINR and WINRW re-listed on the NASDAQ in the second half of 2019. Expect it would be a boon for higher visibility for the company. And perhaps tighter bid/ask spreads if average daily volume picks up notably.
Also applying a “core position” mentality. And buying more WINRW warrants.
Will be several years before “time decay” becomes a factor for the WINR warrants (May 2024 expiry).
A I once read where the late Sir John Templeton liked to buy stocks that he perceived as having a grey cloud temporarily hanging over them. Share price beaten up yet having a potential bright future once they successfully got over some hurdles. The Templeton mindset was to welcome such opportunities (Mario Gabelli has a lot of that Templeton mentality too). Look at where SBUX shares were in March 2009: about $8 at the very low. Today? About $160, when accounting for a 2-for-1 split. The plunge of WINR to $0.56 and WINRW to $0.05 is behind us. Successes within the ESports industry, to include industry peers, make WINR shares appear all the more attractive as time moves on.
If the thesis of WINR/WINRW bulls plays out and at some point the shares and warrants go parabolic on crazy volume, those who stayed the course will be rewarded. Interesting how dips to the low to mid 30 cent range are being countered by moves to the upper 30 cents range and into the 40s. My present mindset is that I have to give this story a chance to play out. That’s why I plan to hold ~25,000+ warrants with the hope, fingers crossed, it will be worth six figures some day. A full 60 months of life remaining on the warrants ($4.00 exercise price) until May 2024 expiration. Fantastic warrant terms along with an A+++ sector (ESports) as a backdrop story for catalysts.
Maybe Kaplan is a “walk softly and carry a big stick” (Teddy Roosevelt quote) guy. His PRs are not fluff. The monster press release that moved the share price from $0.56 to over $2.00 strikes me as a prelude to what the company is capable of announcing downstream when investors might least expect it.
Holding about 25,000 WINRW warrants. Compelling news from the company might send the share price and warrants much higher. Appears that the enthusiastic/aggressive buying action in the warrants points towards parties looking to make 500-1000%+ profits if the share price climbs exponentially from current levels.
Super League Gaming (SLGG) up 11.5% on their press release issued today.
https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/super-league-gaming-partnership-netlevel-120200215.html
Could be significant accumulation/distribution with the shares given the ramped-up volume with price stuck in the mid 1.70s.
Some good information about warrants here:
https://www.turnaroundletter.com/stock-profit-warrants
ESports club at Youngstown State University (Ohio) profiled in this article.
https://www.thejambar.com/esports-has-emerged/
Superb feedback, StevieT! That Jed and Steve were there speaks volumes. What would be great downstream? Investor conference calls. And analyst coverage. No rush.
A university newspaper in South Florida is one of the newspapers I contacted about the Boca Raton opening.
We just concluded a helluva great week for WINR shares and WINRW warrants. The warrants traded as high as $0.3648 on Friday (April 26th). Starting to see much more traction in the share price.
My trading strategy? Buying the stock and warrants in tranches (portions), especially on fallbacks. Presently holding more than 30,000 warrants. Booking some profits on shares and warrants here and there. I’m taking CEO Jed Kaplan’s word that he’s going to pursue a re-listing on the NASDAQ downstream, which might lift the share price nicely if a re-listing becomes reality. Could see a 15-20%+ spike in the share price on that news alone, IMHO, presuming it comes to pass.
Have now alerted several newspapers in southern Florida to the Simplicity Esports’ Boca Raton opening.
I sent the newspaper an email today (awaiting a reply). So there might be some lag time in their response, if they choose to pursue contacting Simplicity ESports and arranging for a reporter to visit them at the facility. Free publicity and awareness for the community/others if it happens. Plus it never hurts to get a reporter’s independent hands-on perspectives. Let them perform the legwork and tell the story.
I contacted a newspaper in the Boca Raton area and asked them if they could send over a reporter to do an article on the Boca Raton opening.
I’m trading both the warrants and the stock. Not putting all my eggs in one basket. Keeping some powder dry too.
With the Boca Raton store set to open by April 30th (next Tuesday), my take is that some buyers want the leverage of the warrants (stock price divided by warrant price is now about 5-to-1, real-time; had been as high as ~16-to-1 when the share price was mauled) heading into next week in the event the share price soars.
https://www.linkedin.com/jobs/view/head-coach-esports-at-keiser-university-1186005850/
Saw where Keiser University in Fort Lauderdale (their main campus) put out an advertisement for Head ESports Coach a month ago. A sign of the times.
The delisting from the NASDAQ to the OTCQX tanked the shares in a huge way. It also seemed to crush sentiment in the very short term. Days and weeks where buyers were scarce and sometimes non-existent. Moreover, this was during a period when the vast majority of stocks were recovering sharply, percentage-wise, from the market bottom around December 24th of 2018.
The immediate effect of the delisting was WINR trading from the low to mid $2 range, pre-delisting, down to ~$1.50-1.75 shortly afterwards. Followed by the dreadful swoon all the way down to 56 cents at the very bottom. How much would a re-listing on the NASDAQ be worth in the way of share price appreciation? We shall see...