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Enthusiast Gaming Holdings Inc T.FIVE


Primary Symbol: T.EGLX Alternate Symbol(s):  EGLXF

Enthusiast Gaming Holdings Inc. is a gaming media and entertainment company. The Company operates in one industry segment, being digital media and entertainment. Its principal business activities are comprised of media and content, esports and entertainment and subscription. The Company's digital media platform includes its flagship video gaming related owned and operated websites, content channels including YouTube and casual games, where the Company derives the vast majority of its media and content revenue. The Company's esports and entertainment business, includes Luminosity Gaming Inc. (Luminosity Gaming), a global esports franchise that consists of professional esports teams under ownership and management, and Pocket Gamer Connects, global mobile gaming events. It has fully owned teams competing in Apex Legends, Overwatch, Super Smash Bros: Ultimate, Brawl Stars, and Pokemon Unite.


TSX:EGLX - Post by User

Comment by Mews111on Jun 19, 2021 10:44am
268 Views
Post# 33416562

RE:RE:Canaccord

RE:RE:Canaccord

Probably a lot of deal participants selling out and any real buyers waiting for confirmation for it to be over. I agree technically it has been looking bad but I guess on flip side when it looks good technically it also doesn't always follow through. Technicals are hard to trust when there is relatively small volume and outside factors like raise and share overhang etc. Let's see how it goes as these shares are cleaned up.

Fundamentals are just looking better and better, especially after a raise where we know the majority is going to be spent on acquisitions where well get revenue multiples of spend. So long term outlook looks good at least. Short term has been messy.


 

 

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