RE:RE:RE:RE:?
The warrant issue has definitly put short term pressure on the stock -- by mid May that should be gone and we may drift towards 9.75. Interesting to note that large bids from recent large buyers have been sitting around $10 for some time. I suspect that is where the stand will be taken to mop up the warrant conversion sellers.
As for what could propel this to much higher levels -- there is a lot going on here. First of all the Nasdaq uplist is important - will give us more visibility in the US market. My understanding is that the company has aligned with some US investment banks already to take them around to their clients and introduce the story and opportunity.
The CEO is a great M&A person - look at his track record in this company and his previous companies...I suspect that armed with the recent $30+million they raised the company will do at least one tuck in aquisition to build revenue and scale (not sure which division). An example of a recent great deal is the Newsweek deal that was announced that relates to Stream Hatchet - data collection and aggregation.
I suspect we will hear more about past relationships expanding - like hosting tournaments, running egaming tournaments and eventually applying betting on games of skill which will open up a whole new era for the company.
This one will require patience over the coming 4-6 weeks. The whole sector got smacked recently (look at all the gaming and betting companies) and is very very slowly recovering. Stay at home entertainment is a theme that is not vanishing any time soon -- its only getting bigger. While i have no confidence in the short term (4 weeks) I have lots of confidence in the long term for this company.
Thats my opinion and thought - - obviously its up to each of us to come to their own conclusion. I for one will buy what I can if it does get to 10 or below. GLTA