RE:RE:esports
the best thing to do is go to the company website and they tell you what they have done what they are trying to do and all their hosted and planned events. This company is clearly looking to create a local and international gaming atmosphere for all level of gamers as well as have others who love gaming to also participate as a spectator if they dont want to be a gamer. A lot of this company's success will depend on sponsors who will likely contribute to potentially donating the cash prizes as well as other things that go with it. The company from my recollection used an auto shop as its first stadium space but has plans to develop another one with more seating in the following Summer or Spring but again best to check out their website. No doubt there is a large gamble here and if monies is ever an issue the company will like raise it through equity financing which will be dilutive to the share value what can you do? Is this company going to go under? There is no indication of this not even due to covid and the reason the company has been looking for the pepper platform to be able to increase its reach not only when covid is here but also when it isnt so that they can hold more international tournaments with the platform looking after all the metrics. The thing I would be looking for is growth in revenue as well as an overall reduction in expenses along with successfully held tournaments along with growing lists of sponsors prize monies etc. The beauty of this whole thing is that the gaming industry is so huge and always need contributors to it so esports is a great way to be recognized of bragging rights and what not where one can potentially use them to apply for works with all those companies that are out there small and big alike. In fact, I would anticipate that there will be companies themselves involved with the tournaments where this can serve as a recruitment for highly suitable candidates. While this company is in its infancy a high risk it also has a fantastic future if things are done properly. In fact, BC more specifically Downtown Vancouver is a hot bed for many gaming and movie companies. At one time Pixar and other lesser known but companies working in the gaming and film markets. I see excellent potential here that is why I have rolled the dice with this and I like what I have read from the company website but as mentioned it is important to look at financial viability and reporting found on Sedar. Other than this this is non different than any start up small Cap which need to do whatever it takes to grow and it will all be about managing its resources properly to avoid over dilution if it hits that well then it will have to wait to strengthen revenue and consolidate at that point all of which are not immediately important...my big questions are is there a market for this? Does this have enough backing? If not is it moving to that? The Pepper will help alot as it will give far greater reach and will appeal to more sponsors and backers due to the increase of reach. Is it worth the price I dont know really hard to put values on start ups it is really any price people will perceive it's worth to be. When there is more revenue it is easier to put a value but when no not as much. Is it worth getting an esport stock I would say so but not are all created equally again this may fly or it may not. That said I dont put money into anything I dont feel will make me a return but I am always rolling the dice and moving accordingly as I go along...whether hold sell add etc. I like what I see and will have to wait to see how things continue to go. Companies become public to raise money for an idea and to see it grow and that is in fact where this is. The idea of esports and now building it out...I am not concerned about it having very little money in which as mentioned financing will continuously be done to operate but rather with is its revenue growing expense shrinking and is there a market...for the first two we will need more financials to see...as for growing yes the sector as a whole is projected to have healthy growth I forgot the numbers so I cant speak to them but this is something else you may wish to look at. I have a handful of shares depending on how things go over here and other holdings I may add but no doubt I will also take some profit out as I have already done so so with that I will most likely hold what I do have. I have a long vision for this stock I wont get into what I am doing but this stock fits what i enjoy and love to invest in and the rest I will move in accordance. Nutshell read as much as you can on the company website on the sector as a whole and on the financials. Hope this helps.