InvestorsHub Logo
Followers 17
Posts 899
Boards Moderated 0
Alias Born 08/04/2020

Re: Belg post# 236

Sunday, 02/07/2021 3:53:02 PM

Sunday, February 07, 2021 3:53:02 PM

Post# of 539
Capital Raises In Excess On Market Cap

I believe at this time they have more capital raised [via shelf prospectus/private placement/debt to equity swaps] of around $300M, while their market cap is around 70M or so. There's room for them to maneuver into something to add even more to their subsidiary type holdings. An acquisition may be on the horizon. Would like to see them have a good betting app in their holdings.

At 30M annual revenue, they are roughly trading at 2.5x Sales..which would seem cheap in the gaming sector.


'Belg'
As long as the capital raised is used for the business, there is no problem. It's a different story when the money is used to pay the managers...