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Talc Moan

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Talc Moan

Re: None

Friday, 10/07/2022 7:18:25 AM

Friday, October 07, 2022 7:18:25 AM

Post# of 8183
The DKNG deal is a massive debt burden. Which will bring a short term pop to the stock as you see happening but once financials are released and the terms of the deal releases you will see. This company is not profitable. Fun to play DFS sure. The Advertising Cash burn is going to be extremely costly and a Capital raise will be needed in 2023.

Cheap money is gone and finding ways to raise another 500 million to 1 billion is going to be extremely expensive and dilutive. Don’t be surprised if their cash on hand falls below 1 billion by years end.
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