GREY:FASDF - Post by User
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PrivateEquity1on Jun 08, 2015 6:17pm
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Post# 23808840
FWIW this is my take
FWIW this is my takeI have no connection to management and have not spoken to them.
But this combined entity even with a doubling of outstanding shares (if I understand the news release) is a daily fantasy sports co that is about 10 times the size of what DraftTeam was yesterday.
The value could come from a very good management team at Fantasy Aces. The end game for us investors is to get the SP up.
Another way to pose this question, is what does Fantasy Aces benefit from this? Like I said they were about 10 times larger than DT. An easy way to get listed?
In terms of better deals there are no other companies that have the management expertise of FA and the ability to pull of a deal. Only FanDuel or DraftKings could buy DT outright just to rid a potential competitor and I doubt they would pony up .16 per share.
Only one other company exists with decent user base and that is DraftDay owned by MGT. But MGT is a train wreck and looking to sell DD. Maybe FA/DTS buys DraftDay. Then we got something of value and a sizeable player in the industry.