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Bullboard - Stock Discussion Forum Fansunite Entertainment Inc T.FANS

Alternate Symbol(s):  FUNFF

FansUnite Entertainment Inc. is a Canada-based global sports entertainment and gaming company. The Company is focused on the regulated and lawful sports betting affiliate market, which includes customer acquisition, retention, support, and reactivation. The Company, through its subsidiary, American Affiliate Co LLC (AmAff), is focused on covering both retail and digital customer activation for... see more

TSX:FANS - Post Discussion

Fansunite Entertainment Inc > It is Private Placement
View:
Post by hrgoyal on Jun 22, 2021 7:00pm

It is Private Placement

If management was sure of stock price going to b $2 in a few days after passing Bill 218 & British license, why not to wait and raise fund at a much higher price?

Now company is selling its own shares at 90c and will get net 80c only after paying commission & other fee.

I have yet to see a company whose share will trade higher than PP price. Good luck
Comment by Doozer on Jun 22, 2021 9:20pm
I hear what you're saying that the stock may have run a bit more once the UK license came in, but personally I think it's already baked in.  Still, I want the license in hand so that margins on McBookie can improve at the end of this calendar year and other opportunities open up.  Even if this were the case today however, FANS would still be operating at a net loss right now ...more  
Comment by stocksnbonds458 on Jun 22, 2021 9:45pm
The smart money got out at $1.23, this is a disaster and there is little point in putting lipstick on a pig here. Longs have been played and this sucks huge. Good entry point? Today was the good exit point, too late now-will have to wait till the next manipulative pump-up
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