RE:RE:Seeking Alpha Article on EnthusiastA buyout would make sense from Amazon or Apple or really anyone these days. 1 Billion would bring current share price to around $10.00 per share- give or take a few. That's not enough. Look what happened to Twitch after Amazon bought it for just shy of 1 Billion. Now it's worth just shy of 4 Billion. So for fun, if ownership proposed a buyout/shareswap etc big boys, what do you think they would set share price at if the anticipated trajectory growth continues? ( which it will)
I certainly see a triple from here once listed on Nasdaq, and I can see that in under 2 years.
It will be interestinfg to see what Biden campain payed for advertising in the Q4 results. That could be a template to foresgadowing future revenue posibilities in so many different arenas.
I will throw my hat in the ring: 12.00 US per share buyout on the low end and 20.00 US per share on the high for any proposed takeover within 104 weeks from today. Look at the numbers on this one. The audience growth is stagering for such an unknown group.
On the other hand, they may want to run the show and grow this themselves into something much much bigger than even they imagined. I could see that. This one could be a beast. Of course it could fail as well, but for now I feel we are in mega beast mode. GLTA and enjoy the ride. I suspect we may get some good news bepore the end of 2020. Lord knows we all need a lift these days!
In the meantime I am doing just as the fellow who wrote that very consise "thesis" lol on the potential EGLX. That was awesome and resonated with me because I have never kept buying a stock "up". I chip away at least 1-2 times a week and add this one and am averaging up. I will admit- I am obssesed with this story. Luckily my average cost is still reasonable but once my average price crosses into the 3.00-4.00 range I will be be completely overweighted in this play. Hell- I already am. I am breaking my own rules here but for now I am still sleeping at night.
Cheers and Happy Holidays..