What's all the Hubba Ballou about?Did a little digging on what all the Hubba Ballou is about? Why does this company have a market cap of ~$48m?
-Recent news - Double current table capacity? from what? 1 to 2 tables it doesn't say
- " they already have the money" the balance sheet would indicate otherwise
- they didn't open a New Studio, they re-opened the one they have had for the past 3 years according to the financials
- they have not partnered with one operator for its live dealer product in the past 3 years, however they did have a brief relationship with Playboy which ended abruptly.
- recent announced MOU is with a reseller for it's new and improved live dealer product, remains to be seen if this relationship generates any operators using it. According to the financials they have a similar agreement with SG digital for it's DFS product but has not been able to generate one client from that relationship in the past 4 years and wrote off the software in 2018
A little homework is suggested before you rush to buy this stock, IMHO