Simplicity Esports and Gaming Co (WINR)

[John_Vallay]

When a public company issues warrants, they issue it with a value that will be converted at the strike price. simplicity management had to issue warrants at $1.00 which means that is all that a fund manager would value the company at. In really really simple terms, simplicity management and warrant holders value the company at $1.00

Who would dinvest in an IPO at a price above 99 cents since there are $1 warrants outstanding.

Why would any fund manager invest in a company that has no light at the end of the tunnel for profitability and not one of Simplicity competitors has been successful. Take a look at GMBL and that has been a catastrophe. It was so bad that the capital raise they did was so bad only the investors that participated in the capital raise made money because they shorted the stock to give them a guarantee return on investment.

And why hasn't the IPO and uplist been done yet.

It is a dog with fleas
The dog is panting and will be out of water very shortly.

Investors that can short WINR will make money because even management thinks the stock is worth $1 a share.