Simplicity Esports and Gaming Co (WINR)

[kdm57]

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?