Trophy Resources Inc (TRSI)

[AlanWeedspan]

TRSI NEW DD THREAD ON TWITTER

$TRSI NEW DD THREAD 👀

Exciting story developments. This shell could be connected in some way to Launch Entertainment, a Family Recreation co that generates over $680M/yr in revenues. This multi-part thread will attempt to put some of the pieces together. Everything is IMO.

— Alan Weedspan (@AlanWeedspan) September 27, 2021

This thread looks at some connections between the new CEO James Canouse and Launch Entertainment and Silver Oak Capital. All comments are IMO.

New CEO James Canouse is currently an owner of a Launch Park franchise in Georgia. Each Launch Park generates on average $2.5M annual revs according to the franchise dept.

On the same day James is announced as new CEO, Silver Oak Capital announces a multi-million dollar investment in Launch Entertainment for "rapid expansion across the U.S."

Launch Entertainment currently generates about $70M/yr in gross revenue with 29 locations across 13 states. With 150 parks across that U.S. that number approaches half a billion in yearly gross revenues.

As far as I'm concerned two things can happen to this shell and they're both wins. Either:
1) Launch Entertainment uses the shell for a public debut. This would be a home run for this shell as the company must be valued near or in excess of $100M.
or ...
2) James plans on building out numerous franchises. Every 10 franchises generates $25M in gross revenues. EBITDA almost at 30%!

With today's filings it is apparent we are heading back to Pink Current shortly. The directors have done everything perfectly and by the book to revive this clean, debt-free shell. Even though they understand public markets and have experience with multiple shells, they still hired consultants so that the work would be flawless and transparent. I'd like to think that they went to the expense to revive this shell after 13 years for a very good reason.