RE:What's all the Hubba Ballou about?A few responses point by point:
- They are now at 15 tables up from an initial 7.
- How do you figure they don't have enough cash? They have $4.5m cash on the balance sheet.
- No they have not parterned with anyone yet that is correct. But you are betting on managements ability to execute here. Both executives (Darcy and Guido) have extensive experience in the industry and the model is a good one for landing operators. It costs nothing for an operator to license if this product is better than the competition.
I think the point you are missing is that DFS /= Playgon. This is a new company that was acquired in the transaction a few months back. The technology is top notch and that is what investors are betting on here. Don't see how they would have been able to raise the $5m if it wasn't.
Keep in mind we are what, 3, 3.5 months into Playgon being listed? We're in the top of the first inning right now. There should be a lot on the horizon. You don't double your capacity based on hopes of landing more contracts.
With the selling seemingly gone, expect to see guys jump back in at these levels. Saw Questtrade and Anonymous dumping the last week+, that looks to be gone now. Expecting a move back to $0.40 should they announce more news