RE:ESIC has welcomed the Supreme Court Paspa decisionAlso, if you look at the chart of this stock you'd think the company is going bankrupt - but in fact its doing the exact opposite, strengthening its balance sheet and doing acquistions. Charts like this are usually because bad news has come out about a company, or the markets in general are crashing, neither of which is true in this case. Look at the last 12 months of news, nothing but positive developments.
Arizona546 wrote: Good article on how the recent US Supreme Court ruling will impact Esports wagering:
https://www.esportsinsider.com/2018/05/esic-has-welcomed-the-supreme-court-paspa-decision/
This has been a huge development in my opinion, especially given the proprietary systems/framework they have in this sector, as the Chief Technology Officer noted the other
day:
“While the system until know had been used only for in-game wagering, it was built with a much more robust application in mind, which is why we put such emphasis on making it secure.”
It makes this company a great take out target especially at these stock prices. Esports is really still an emerging market, and its growing very quickly. Paris will be the first city ever to include Esports into the Olympics. Some really great prospects with this company and with a current market cap of $25M CAD its really a gift in my opinion. Earlier this year management did a private placement @ 0.72/share and also issued a ton of options at this price. The people who bought the private placement (big investors) and management clearly saw something here, and the fact that this stock has been sold off to this level, just goes to show what a large role manipulation plays in these kind of stocks, and also the opportunities that can be created for investors that can withstand volatility and be patient.