Simplicity Esports and Gaming Co (WINR)

[BigBanger2020]

Looks like they bought $1m in annual revenue buying a franchisor of 40 franchise locations for 90k restricted shares of stock back when the stock was trading under $12. Buying the largest gaming center footprint in the U.S. for restricted stock at a 1 times revenue valuation seems like a steal. These acquisitions they have been making recently look like they will really grow revenue. They go from only reporting a franchise royalty from those locations, which is probably less than 10% of sales, to reporting full sales. If they do $3m in revenue next year from their gaming centers, and another $1m from Flamengo League of Legends, $17m market cap will be way undervalued. I like stories where the fundamentals make sense and the technicals provide a strong setup. You may get your 10 bagger out of this one.