Fantasy Aces Daily Fantasy Sports Corp FASDF

valid questions from an interested outsider

[markcuban]

I used this company's website form last night to ask some questions I would have liked answered after yesterday's news. I was expecting to get a reply from someone from the management team. Instead, I was given a reply of some guy named Etienne M. A Google check shows he's an amateur tennis player?? Anyway, he just said to call. From past experiences, I don't like dealing with IR guys at all and would rather pose these questions to current investors instead: 1) They had almost $4 million at the end of September. Why the need for financing so soon? Did they really burn through that money in only 4 months? 2) If their burn rate is $1 million/month, what will doing a $1.25 million finance do, keep them open until Spring Training? 3) Who is this strategic marketing partner? Why was no name mentioned in the news release? Is Fantasy Aces in such dire financial constraints that this was the best arrangement they could come up with? Shareholders seem to be getting bent over in this deal with the obscene dilution. A name should have been disclosed. 4) Why didn't they propose a private placement when the share price was stronger? Poor forward thinking by management? Incompetence? Thanks to all replies.

[lscfa]

email the CEO..... He has replied to me several [e-mail]

[Floridas2000]

What is he saying?  I recently bought on advice but I'm curious what his plans are and if he's looking to either a) be bought out or b) does he know of a possible deal that will validate this PP.  The CEO is obviously a smart guy and he's made businesses work in the past but maybe he didn't have a full grasp on the challenges he's facing.  What does he want to do

[rugulator1]

Great questions.  Ive brought the same questions and concerns to light on this bullboard for months now.  They have a very poor IR and Market Liquidity Program.   Managment does not understand how to run a PUBCO.  Its like they have no market knowledge  whatsoever.  They have no stock strategy.  The 1.25 million is to pad their pockets , just like the RTO deal

[lscfa]

I can only offer educated guesses. 1) They had almost $4 million at the end of September. Why the need for financing so soon? Did they really burn through that money in only 4 months? At September 30, current assets less current liabilities was $3.19 million. One risk that was articulated by FAN, not FAS, is unfilled seats at guaranteed payout pools. There is a learning curve required to

[markcuban]

Appreciate your reply. I would answer that question by saying, yes, raise more money! How? Simple. It's been done before by other companies. Announce a share buyback for up to X amount of dollars to get the share price to even a respectable $0.05. Then, immediately announce a private placement at $0.05 or higher. Take the current situation as an example. There are about 3,500,000 shares on

[rugulator1]

Interesting idea...but im sure 20-30 mil shares will hit the market between 3-4c now that MGMT has proved to be absolutely incompetent.