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You’re spot on, StevieT. Tighter bid/ask spreads for the warrants particularly. There were times today when the warrant bid quantity was roughly 45K to 50K at a bid price of 20 cents. With the shares at $1.80, I see the warrants potentially dropping down to 14-18 cents perhaps at the low end of the trading trough, with seemingly a lot of support at 20 cents, given the positive press releases and the business plan starting to gain traction. Sentiment is vastly improved now when compared to those days in the past when very light volume would trounce the share price, day after day.
Nice gain for the shares today after yesterday’s monster move upward.
Warrants could be due for a pullback to the teens tomorrow if the stock price falls back 10%+. If the shares/warrants move higher, all the better. My plan going forward is to hold a core position in both shares/warrants and swing-trade the remainder.
Stunning that over 805,000 warrants traded today when there was no news from the company. Today’s action sets a major precedent. No late-day selloff with either the shares or warrants. Big quantities at the bid and often small quantities at the ask. Volatility can cut both ways so roller coaster intraday swings, should they happen, might offer excellent risk-return potential.
I bought WINR shares at 1.67 this afternoon. Want to be guaranteed an invitation to any future shareholder meeting (in Boca Raton presumably). My understanding is that warrant holders of publicly traded companies don’t receive such invitations. Only holders of the common stock.
And hearty congrats on your accumulation of all those warrants in advance of the big upward move (I still own a sizable position). Kinda reminds me of a “Top Gun” quote. “Gutsiest move...”...
To a high extent, the bid/ask prices for the shares and the warrants tightened considerably today.
Been following the stock and warrants closely since late 2018. Share price last at $1.75 (up 0.30) with volume at 9,487. Bid size of 3,300 at $1.75. Ask size of 100 at $1.79. Last trade at $1.79 now.
Staggering upward move in the warrants. Volume of 202.8K in the warrants, real-time. Bid/ask of 0.23/0.26. Share price at $1.55 (up 0.10) with volume of 2,737. What’s going on?! Company’s LinkedIn page was noting the April opening in Boca Roca when I looked at it last night.
My experience with various publicly traded companies is that they tend to wait until a week or two prior to the official opening date/time so that their press releases don’t have to be modified if the opening is delayed. We’re 10 days through April with another 3 weeks left in the month. If physical progress is being made on the Boca Raton store and they’re coordinating other matters behind the scenes, then ideally we’ll be seeing a PR within 2 weeks or so. Jed Kaplan might be the type of CEO who likes to bundle 5+ topics into one PR rather than issue a string of PRs focused on one topic apiece. Kaplan’s last PR from late March was an excellent one.
https://www.sec.gov/Archives/edgar/data/1708410/000161577419005291/s117143_8k.htm
Has Section 3.02 (Unregistered Sales of Equity Securities) of WINR’s 4/2/2019 SEC Form 8-K filing been discussed on this board?
States that on 3/27/2019 the company sold an aggregate of 812,500 units at a purchase price of $2.00 per unit to 11 accredited investors in exchange for receipt of $1,625,000. Each unit consists of one share of common stock and one 5-year warrant to purchase one share of common stock at a purchase price of $4.00.
Simplicity Esports and Gaming Company to Present at the NAB Show on April 8th, 2019 in Las Vegas
8:00 AM ET 4/5/19 | GlobeNewswire
Simplicity Esports and Gaming Company to Present at the NAB Show on April 8th, 2019 in Las Vegas
NEW YORK, April 05, 2019 (GLOBE NEWSWIRE) -- Simplicity Esports and Gaming Company (OTCQB: WINR) (the "Company"), announced that Steven Grossman, President of Simplicity Esports LLC, has been invited as a featured speaker at the Esports Experience exhibit within the NAB Show in Las Vegas on April 8(th) , 2019. Steven Grossman said, "I am honored to have the opportunity to speak at the NAB show. Simplicity is committed to bridging the digital divide in communities and utilizing our Esport Centers as conduits between youth and education at all levels from tween to collegiate. The NAB show will provide an opportunity for individuals to learn more about our vision and potential partnerships with universities located near our Esports Centers." The session title and abstract including Simplicity Esports is detailed below:
COLLEGE ESPORTS: COMPETITION, EDUCATION, LIFESTYLE
The current Collegiate Esports infrastructure is rapidly taking shape. As this dynamic landscape evolves two distinct organizations are deploying unique approaches to create fulfilling experiences for the
gaming community. Simplicity Esports and Gaming Company and Full Sail University intend to bring their distinct approaches into alignment as they develop multi-faceted synergies.
About Simplicity Esports and Gaming Company:
Simplicity Esports and Gaming Company (OTCQB: WINR), Simplicity is an established brand in the esports industry with an engaged fan base competing in popular games across different genres, including PUBG, Gears of War, Smite, Guns of Boom, and multiple EA Sports titles. Additionally, the Simplicity stream team encompasses a unique group of casters, influencers, and personalities, all of whom connect to Simplicity's dedicated fan base. Simplicity also operates esports gaming centers providing the public the opportunity to experience and enjoy gaming and esports in a social setting, regardless of skill or experience.
About NAB Show
NAB Show, held April 6 - 11, 2019, in Las Vegas, NV, USA, is the world's largest and most comprehensive convention encompassing the convergence of media, entertainment and technology. With nearly 100,000 attendees from 165 countries and 1,700+ exhibitors, NAB Show is the ultimate marketplace for solutions that transcend traditional broadcasting and fuel the digital storytelling economy. From creation to consumption, across multiple platforms and countless nationalities, NAB Show is where global visionaries convene to bring content to life in new and exciting ways.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute "forward-looking statements". Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's definitive proxy statement filed with the SEC on September 19, 2018, as amended. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
CONTACT:
Simplicity Esports and Gaming Company
Roman Franklin
Roman@SimplicityEsports.com
855-345-9467
> Dow Jones Newswires
April 05, 2019 08:00 ET (12:00 GMT)
Anyone have an approximate current count for WINR shares outstanding? And WINRW warrants outstanding?
Precisely the same approach I have, boston127. Leverage?! Over 16-to-1 leverage (1.64 share price divided by 0.10 warrant price) with the warrants based on Friday’s close. I hold just under 40,000 warrants at present.
As an aside, the shares of mobile gaming firm Glu Mobile (GLUU) have risen from just over $2 circa Fall 2016 to $11.38 at today’s close. Broke out of a long basing pattern. Annual sales for 2018 rose about 19.5%, year over year. Once owned GLUU and did well with it but am not a present shareholder.
My sense is that the success of WINR shareholders and warrantholders (5 years remaining before expiry with a low $4.00 exercise price to boot) will be highly driven by Jed Kaplan’s entrepreneurship abilities. If the company gets profiled favorably in Barron’s or the WSJ downstream, the share price will likely have soared or shot the moon by then (food for thought: who are WINR’s natural competitors amongst publicly traded firms, now and moreover in the future? And what are the barriers to entry? In Warren Buffett speak, might WINR be able to create and sustain a “durable competitive advantage” in their niche?). WINR has only been around since December 2018 and the share price has been on one helluva roller coaster ride.
Not sure about the state of commercial real estate vacancies within the Florida market versus elsewhere, but it wouldn’t surprise me if WINR is negotiating favorable lease terms with their 5 pending Florida eSports Center sites.
Between the stock and/or the warrants, I’d imagine a number of us are well-positioned at this point. Very positive that they put together an investor presentation.
Warrants have nearly 11-to-1 leverage (2.04 share price divided by 0.19 ask price per warrant) at current levels. Interesting part of the WINR story was how the share price plummeted to $0.56 on generally low volume. The very small float is now helping shareholders and warrantholders on the upside move since the excellent press release was issued..
14-to-1 leverage with WINRW warrants, when using the metric of share price (last at $1.69) divided by warrant price (last at $0.12). Picked up just over 8,000 warrants on Friday (March 29th) at average price of ~$0.097 per warrant. Very low float and dynamic press release make this a most intriguing play. Kaplan gives me the impression that he’s very motivated to make their business plans successful. Franchising income is frosting on the cake if they can do it skillfully with strong franchisees.
Now that we’re in April, it’s less than 30 days before the company’s projected eSports center opening in Boxa Raton, FL.
Hard to believe that the WINRW warrants could be bought today for under $0.10 apiece given that the shares last traded at $1.56 (and intraday as high as $1.75). Placed a limit order for nearly 8,000 warrants at 10 cents and they were all filled at $0.097. This was with a bid/ask spread of 0.08/0.12. Then I placed a small order for more warrants at 10 cents and it has yet to be filled. Availability of warrants at 10 cents or less might be drying up if the share price stays above $1.50 or makes a move for $2.00+. That was one helluva good press release that CEO Kaplan and the company issued. Now we get to see how they execute in the coming weeks and months.
First store location slated next month in Boca Raton, where CEO Jed Kaplan happens to live. All but certain he’ll be hands-on as they prepare for the grand opening. Interesting how the stock rose 80% at today’s close but the warrants barely moved (closing at 10 cents) by comparison.
Fantastic news! Great find! Normally such specific, upbeat news might make a stock such as WINR soar. Franchising income potential is very appealing. Would think that the share price rock bottom was reached yesterday.
https://www.sec.gov/Archives/edgar/data/1708410/000161577419004130/s116688_8ka.htm
Good to see they have a pulse.
Good points, namah. This eSports industry seems to have a lot going for it in the years ahead, be it boom times or recessions. One phenomenon that can happen with an exceptionally low float is the possibility that at some point they seek to take it private if the share price “gets no respect” (or too little respect?) versus what they feel the enterprise is truly worth. Understand they intend to be publicly traded for the foreseeable future. But should they get very frustrated with market cap valuation at some point, things could get very interesting. A dream scenario of mine? Mario Gabelli doing a Barron’s Round Table argument that WINR was a screaming buy.
Hey justnkz, I appreciate you and the other folks on this message board continuing to closely monitor WINR. The reshuffling of executive leadership (Kaplan wearing CEO and Acting CFO hats at same time starting in February) didn’t help the share price, IMHO. With Kaplan receiving 10,000 shares per month in lieu of salary, he’s presently drawing the equivalent of ~$108,000 run rate in annual compensation, subject to change. Presuming the company is not headed into a death spiral, I pretty much agree with you that the shares could go as low as $0.50. I’m thinking more like $0.60.
The WINRW warrants, with 5 years of remaining life, make for a potential “lotto ticket” at 10 cents, or less, per warrant ($4.00 exercise price and 5/22/2024 expiry; warrants could be redeemed if shares trade above $7.00 for a certain number of days). What makes the shares and warrants quite different from many companies is the unusually low float versus number of shares/warrants outstanding. What might happen with bid/ask amounts if volume soars on a major move higher?
Looks like the big stakeholders in WINR and WINRW are apparently holding tight, looking at the SEC disclosures. Average daily volume is a tiny trickle compared to 2-3 months ago. The saying “every dog has its day” used to be tossed around by stock market traders and observers decades ago. An example of a China-based company that went from under $1 (in December 2018) to as high as $4.96 hence is CIFS, to cite an out of favor “dog” that rebounded in a major way. A major upswing in sentiment could be key for WINR rebounding from the year-to-date mauling represented by the current share price.
WINR should still have substantial cash on hand. Q1 results (they really need to submit their filings on time to enhance investor confidence), when announced, should reveal more about their cash burn rates. Their Simplicity team seems to compete fairly well in tournaments. They have team members arriving and departing: turnover akin to what Kaplan sees with his Memphis (NBA) and Swansea City (FB) pro sports teams. Probably fair to say that holders of shares and/or warrants greatly want to hear much more from the company (from CEO Kaplan namely!) as to where they see the company headed. Their results to date and texture regarding plans and outlook. Hope they embrace the fact they’re a publicly traded “eSports pure play” company with seemingly very interested shareholders. Lastly, an Investor slideshow prepared by them would be helpful!
I’m not used to seeing such a free fall occur so quickly (within 3 months) and dramatically (percentage-wise) in a post-SPAC company’s share price.
Maybe some of us should ask Jed Kaplan, via his Twitter account, for his comments about this topic.
Any thoughts as to why WINR shares have been mauled so badly, this early in its post-SPAC life? Understand the effects from the delisting (from NASDAQ to OTCQX). But beyond that, there are reports of eSports teams being valued in the tens of millions of dollars, from what I’ve read. In the meantime, WINR last traded at $1.18, a penny above its 52-week low. All remains quiet from the company regarding any PRs or seemingly their willingness to host an investor conference call. Jed Kaplan (CEO) strikes me as a guy who has been communicative and engaged with fans of sports teams (including going outside social media swim lanes to meet fans) in which he’s a partial owner.
WINR needs its IR folks to try to get the company’s name in lights, like the 3 stocks mentioned in this article.
https://investorplace.com/2019/02/3-esports-stocks-to-benefit-from-the-boom-sgim/?cp=IPIE&ct=20190226&cc=eletter&auth=nonbuyer
What intrigues me about WINR and WINRW warrants are the very low float and perhaps the potential for being taken private if the OTCQX/NASDAQ don’t give it a decent market cap over time. As much as the shares and warrants have been beaten up, the major bullish bets placed by multiple investors give me hope that far better days are eventually ahead. Billionaire investor Mario Gabelli (a whiz at assessing undervalued situations) used to talk about stocks that were worth more dead (liquidated) than alive. I’d love to see him opine on the eSports equities. WINR’s valuation versus privately held eSports entities, over time, might help the bullish case for WINR provided it performs well.
Do you know the date when the WINRW warrants expire?
I’m taken aback at how the share price and warrant price have been crushed thus far. Absence of news and daily share volume has plummeted. Yet WINRW warrants volume has been heavy at times and it appears from recent SEC filings that certain players have been amassing large positions. The market cap for WINR has been around just $8 million lately in a fast-growing and intriguing eSports niche. Hope that Jed Kaplan and leadership start regular communication with shareholders.
Expect we'll hear news in August of Townsville (AUS) opening date
Share price was spending weeks in the $2.50s and $2.60s (even into the $2.80s very briefly) and now it's been pounded down to as low as $2.02 today on ~79K in volume (real-time). Their Q1 sales were about $5.5M and now the market cap is below $13M. Need to see the Q2/2014 results to get a better sense of how the sales and financials look, along with the outlook.
A lot of news with HOTR of late. They now have 4 stores in Australia (with 60% ownership) with a 5th store (Townsville) in place soon. Latest investor presentation speaks to new stores in South Africa (Q3 of 2014 planned) and Brazil ("early 2015" for a Rio store). Overall they have 25 different locations for all the brands they own (Just Fresh, American Roadside Burger, Spoon, Hooters, etc.). Would expect a higher share price for this stock. There can be wild swings at times with the bid/ask and volume. Still like the HOTR story and their business plan. Buying on dips here and there.
Chanticleer acquires 60% ownership of TMIX Management Australia, Hooters franchisee in Australia
From briefing dot com at 9:03AM Eastern Time on 7/1/2014:
Co announces that it has acquired 60% ownership of TMIX Management Australia, Hooters franchisee in Australia, and its Hooters restaurants in Parramatta and Penrith, both suburbs of Sydney. The co also recently announced it increased its ownership stake in Hooters restaurant in Campbelltown, Australia from 49% to 60% and agreed to increase its ownership stake to 60% in the two new stores under construction in Townsville and Surfers Paradise. In addition, Chanticleer acquired 100% of the gaming revenue from gaming licenses currently located in the Darling Harbour, Sydney, area until full repayment of the Debt, and 60% of the revenue for the lifetime of the gaming operations. Obtaining gaming license is difficult and requires adherence to strict guidelines. The Company has 25 gaming licenses, of which 15 machines are currently in operation and generating positive cash flow.
Gold Coast (AUS) to open around mid-July.
VIP Party for Gold Coast store is set for July 11th as per the Hooters Australia page on Facebook. I understand that the Townsville (AUS) store will open sometime in August. Updated June 26th presentation on Chanticleer's website states that their first store (Rio) in Brazil is expected to open in early 2015. Next South African store to open in the 2nd half of 2014. Share price is showing good traction in the 2.50s to 2.70s, with an intraday high of 2.84 on Friday (June 27th). After a silent June, expect we'll see some press releases in the next 2 months. Perhaps they'll release Q2 earnings by mid-August. Expect the market will forgive the reporting losses provided that revenue growth stays very robust and new stores report strong sales.
New investor presentation uploaded 6/18/2014 to the Chanticleer Holdings website
Some interesting talking points (such as slide 21: "Taking America Abroad Works") along with updates on the company's expansion plans:
http://content.stockpr.com/chanticleerholdings/media/c33b3d044e744b8512a15182cff563d0.pdf
Expect we'll see a flurry of press releases within the next 2-3 months regarding the pending July/August openings of the 2 Australian stores (Townsville and Gold Coast) along with what lies ahead for the Brazil (Rio store opening) and South Africa (opening of the 6th store) markets. I discovered there's a "Hooters Australia" page on Facebook worth monitoring for updated news.
Looks like the tide has turned...HOTR last at $2.54, up $0.35
Over 38.5K in volume, real-time, and apparently all trades at the ask price. Hope we hear news in the coming weeks about the pending store openings in Brazil and Australia.
I'm not seeing where the interview was archived at the URL below or on Chanticleer's website. I took some notes if you have questions.
Date: Wednesday, May 21, 2014
Start Time: 7:30am EDT | 6:05pm CDT (U.S.)
Network: Clear Channel
Station: DFW 1190AM KFXR
Show: The Traders Network
Host: Michael Yorba
Live iHeart Radio Stream: http://www.iheart.com/live/4276/?autoplay=true
Radio interview this morning with HOTR's CEO...
Listened to the Mike Pruitt (Chanticleer CEO) Clear Channel Business Talk Radio interview on a Dallas radio channel this morning. Lasted about 30 minutes. HOTR had about $9M in 2013 revenue and Q1/2014 revenue came in at over $5.5M. Pruitt mentioned Poland as an area of interest for a future Hooter's store. A lot of discussion about the South Africa, Hungary, UK, Australia, Brazil (first store will be in Rio) and USA (Pacific Northwest) Hooter's stores and their expansion strategies (overseas approach of finding good partners with proven track records and throrough in-country knowledge (as part of their due diligence process).
Also was discussion of the Spoon Kitchen (Pruitt is very upbeat about the "fast casual" potential, which they will pursue, and the abilities of Spoon's highly regarded chef, who was profiled in Texas Monthly), Just Fresh, and American Roadside Burger stores. Pruitt emphasized that HOTR is a holding company so it is not just a Hooter's story. He mentioned how Chanticleer Holdings was originally formed and a lot of details that are covered in press releases. A very high level of Hooter's name recognition in South Africa, he noted. The interview didn't touch on bottom-line financial performance (net income or loss). The discussion was largely focused on Pruitt's vision for HOTR and their 2014 goals for opening new stores and growing the business both in the USA and overseas. No discussion about the share price. Pruitt did mention the stock symbol and the company's website.
I get the sense there will be no shortage of press releases in 2014. Decided to buy HOTR shares yesterday after the big swoon in share price from the 52-week high all the way down to the $1.92 52-week low. HOTR has invested in infrastructure (personnel from the headquarters staff are conducting training at the two Pacific Northwest stores, both on the culinary side and training the Hooter's Girls servers) as I listened to the CEO's comments. Share price appears to have stabilized somewhat in the low $2 area for now. Not a stock for the faint of heart. Recommend all HOTR longs listen to this radio interview.
There's a growing number of folks who own 100,000+ of the TWSRF warrants from what I see on the Yahoo Finance message boards for TSEM and TWSRF. Beyond the $2.78 strike price it's all blue sky!
Go to the TWSRF interactive chart at bigcharts dot com and you'll see a buying frenzy that started around 3 cents in February and has continued pretty much unabated.
One day (2/22/10) had 1,312,700 warrants traded and several days were well into the hundreds of thousands in volume (such as 588K warrants traded on 2/16/10). This could be one of the better warrant stories of the past decade. These warrants have a ton of room to run if the shares soar above the $2.78 strike.
http://bigcharts.marketwatch.com/interchart/interchart.asp?symb=twsrf&time=&freq=
We're almost 20% of the way there (to $1.00) with the warrant. What's so great about the warrant is that you can buy 1.8 shares at $2.78 per share. Those terms are awesome when TSEM climbs above the $2.78 strike.