Replies to post #51953 on Meridian Holdings Inc (MRDN)

[BRITT2575]

No, lmao! They bought a company for $10.6M and part cash part shares. It also bumped their revenues up from $10-12m per a year to $40M+ yearly. Any experienced investor knows this is a GOOD thing as this sector is based off of revenues for valuation. Now the two co founders of Raffle Kings have a lot of skin in the game with around 330K shares a piece! They received them at $8 share price and EF HUTTON institutional just paid $7.00

Shareholders would have to be dumb as a bag of rocks to sell down there. This is a buy here at low $7s all day long for most, including myself.

Have a good day sir.