Sycamore Entertainment Group Inc (SEGI)

[Nistel]

Ouch..

This is getting reverse split vibes all over it if he still wants to move to a higher exchance (if ever). I am dropping my idea to buy back in trips. Too risky. Except for periodical paperwork to stay listed, hardly anything is achieved since the Segi app was first introduced. Not even the Canadian ban lifted if I understand well.
Edward paid for broadcasting events, instead of making money of it. Sounds like the wrong business plan.

Multimillions in direct liabilities without any revenues. Ugly.

Also this:

On December 11, 2020 the Company entered into a contractual agreement to sponsor a vehicle for Chip Ganassi Racing in the Extreme E series. The contract called for payments of $17,400,000 from 2020 to 2023. As of March 31, 2022 the Company has made payments on this contract of $5,300,000 and is currently behind on the agreed upon payment schedule which called for payments of $8,700,000 by December 31, 2021.

On March 31, 2021 the Company entered into a contractual agreement to sponsor a vehicle for Chip Ganassi Racing in the Indycar series. The contract called for payments of $10,170,000 in 2021 to cover sponsorship for the 2021 and 2022 racing season. As of March 31, 2022 the Company has made payments on this contract of $100,000 and is currently behind on the agreed upon payment schedule.