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Monday, May 13, 2024 12:45:08 AM
1. Filings out the week of the 15th showing inventory up at least 500k due to James jersey acquisition. Jersey retail est. 5 million. Someone gave up a 5 mil jersey for 500-600k of value in shares WHY?
2. Cancellation of 500 million shares in process. Possibly an additional 1.5 B converted to preferred per CEO. Float of 910 million, with 400M DTC shares.
3. In control of a Jordan jersey worth 20 million retail.
4. Merger with RGU, (realgameused) CEO's private company. RGU is well known in the industry. I have seen multiple high end memorabilia appraised by RGU. Micheal Jackson's glove as an example. This was listed on a competitor's site. Already has large auction sites under contract. Could already be profitable.
5. CEO has mentioned non-dilutive financing as a solution for the NFL licenses.
6. NFL memorabilia licenses, possible 2 this year per CEO.
7. Explosive revenues and profits in a very hot sector (memorabilia)
8. Ceo has talked about adding more assets with his restricted shares. Assets acquired for .10 on the dollar for restricted shares is always good. Example the James jersey.
9. Sector has been consolidating over the last 6 months. MDCE is in a perfect position for merger or acquisition, with no debt and restricted shares owned by the CEO.
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