RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Passport acquisition You're missing the point. The fact that Gateway signed an additional 16 locations on top of the 12 locations they signed last year reaffirms Passport as a viable business. Which means other Casinos will get onboard. So there is a huge potential by breaking into the US gaming market which is over 10 times as big as the Canadian market.
There is zero upside and a lot of downside risks (8m loss) if we do nothing.
12m rev is guaranteed and doesn't include Cocoon's revenue.
Cocoon with its 32 kiosks is projected to rake in 1.4m.
There is a huge potential for both Passport and Cocoon to expand in the coming year.
It's honestly the BEST option we have. Please don't make me repeat myself.
MAGA!!!
Franklinsing wrote: This seems like the only option going forward. I'm not buying the upside until they actually show some performace. The Gateway is already baked in to the projections. Taking shares after paying yourself 16M in assets seems like just upside if the stock does well. I would be interested in the cost basis of Passport. How much money was invested and historical financials. Need to understand the whole picture before we can just to any actual conclusions.