RE:RE:RE:RE:Future ProspectsWord to the wise...SOL's position is not large anymore....look closer at their filings and maybe even call them. My guess is they own 150-250k shares by now.....they and the principals there have been blowing out paper for over a year now -- that is their M.O. --- also, take a look at GAME balance sheet. They converted almost all the debentures into equity and almost no loans outstanding. That relationship has been severed and ended -- this is a NEW company...thankfully.
hellz wrote: I think some of those same sharks will profit exponentially when GAME gets moving.
If I recall correctly [think it was posted onto the board a while back] SOL Capital has a huge ownership stake in GAME & also loaned money to GAME & WinView, it seemed like a very interesting relationship. To the point where SOL lowered it holdings under the treshhold to avoid having to do early warnings. They also have some convetible debenture, so SOL actually may be a good side play to when this GAME gets going. That's that dude Andy D...
GLTA... https://equity.guru/2019/11/13/sol-global-sol-c-files-early-warning-report-for-acquisition-of-torque-game-v-shares/ bigops wrote: Hellz - acknowledging the past is good if you want to dwell there -- the market is a forward looking mechanism that gives 2 you know whats about the past.
As far as being wrong on the market cap - you are CORRECT....LOL, so we are only looking at a measly 2.4-2.5x from here....
Going backwards though -- if you really want to acknowledge the past lets all agree that the thieves that ran Torque (look them up, they are well known Bay Street sharks) are no longer running this enterprise, not as mgmt and not on the Board. They may own some stub amount of shares but more than likely have blown most of their holdings over the past 6 months. Remember -- there was a long while when people were blowing out shares at 7, 8 and 9....I am pretty confident that the old Torque mgmt and Board are long gone -- this is a new company and new prospects.
If you dwell on the past that is where you will end up...in this case I think it is a major mistake to only look backwards. That said -- you do you...everyone is a big boy and girl here and can make their own informed (or not) decision.
hellz wrote: Think the truth is you have to aknowledge the past, there are likely holders of this stock in the $80-$240 range, when it was purely Millenium Gaming/Torque. Those holders were reverse split into oblivion & this stock after 3 reverses put all holders on any of those split in the red & eliminited any strength in their share holdings. So it's fair to acknowlege these investors who utterly got burned.
As for anyone who boarded after the 3 RSs, and the Engine formation after Aug '20 it's definitley looking like the future may be bright in the interim. With a high level marketing management team they will likely get the push this may need to get it going and push the market cap upwards.
Your calculation on USD market cap is wrong, it is currently $180M. There's likely to be a big press run & it may run a bit. We shall see. So far thi has been one of the best weeks on this stock in many capacities, volume, price change, etc. bigops wrote: Lots of discussion of price post multiple split....you can dwell on your mistakes of the past or you can look towards the future and position yourself to make some dough....
Here is my take. We have approx. 15m shares outstanding. We have a revenue run rate of $40m and growing at least 15% a year....so forward looking lets call it $45mUSD.
Most other gaming and media related stocks are trading at multiples of revenue (nutty that its not ebitda or profit...but that is the metric these days). On the low end some trade at 10x revenue all the way to nosebleed 40/50x revenue.
Lets assume we trade at the lowest end of the range - 10x. That implies a valuation of $450mUSD. Our current market cap is approx $120mUSD. To get to comparable value we need to trade at $30USD or approx $39CDN.....that is a 260% gain from here......even if I am wrong by half we are looking at a 130% gain from here easily. This is a screaming buy as far as I am concerned. GLTA