InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,431.60
(
-0.04%
)
US TECH 100
19,168.00
(
0.52%
)
Dow Jones
38,589.16
(
-0.15%
)
Brent Oil
82.21
(
-0.09%
)
Bitcoin
66,703.16
(
0.77%
)
Post# of 8183
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

Talc Moan

Send PM Follow Ignore
Followers 1478
Posts 89318
Boards Moderated 1
Alias Born 06/16/2008

Talc Moan

Re: None

Friday, 07/29/2022 3:54:33 PM

Friday, July 29, 2022 3:54:33 PM

Post# of 8183
Now if you take that into account. Their Cash Burn rate.

If you project outwards with Inflation and raising Credit Cart Debt and plummeting Savings rate you could get a very bad type of perfect storm for DraftKings. Where their Cash Burn Rate combined with less incoming players and bad investments in NFT and if GNOG does not pay off could spell a dire need to do an offering at a very bad time.

Only time will tell and next week shall give us a glimpse into what is really going on.

Just to put things in perspective GNOG was a all stock deal.


June 2021 Cash on Hand 2.6 Billion

March 2022 Cash on Hand 1.7 billion

Etc etc.
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Detailed Quote
Recent DKNG News
More DKNG News
InvestorsHub NewsWire

ECGI Holdings Announces LOI to Acquire Pacific Saddlery to Capitalize on $12.72 Billion Market Potential • ECGI • Jun 13, 2024 9:50 AM

Fifty 1 Labs, Inc. Announces Major Strategic Advancements and Shareholder Updates • CAFI • Jun 13, 2024 8:45 AM

Snakes & Lattes Opens Pop-Up Location at The Wellington Market in Toronto: A New Destination for Fun and Games - Thanks 'The Well', PepsiCo, Indie Pale House & All Sponsors & Partners for Their Commitment & Assistance Throughout The Process • FUNN • Jun 13, 2024 8:18 AM

HealthLynked Introduces Innovative Online Medical Record Request Form Using DocuSign • HLYK • Jun 12, 2024 8:00 AM

Ubiquitech Software Corp (OTC:UBQU) Posts $624,585 Quarterly Revenue - Largest Quarter Since 2018 • UBQU • Jun 11, 2024 10:13 AM

Element79 Gold Corp Files for OTCQB Uplisting, Provides Financial Update • ELEM • Jun 11, 2024 9:25 AM

Start posting your company's news
Only $200 per official company press release!