RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Bragg’s ORYX Gaming Goes Live with Grand Casino BadenWhy would anyone want them? They are a european business and everyone is fighting for USA. They WERE transitioning the business into the states with the Spin acquistiion but something tells me they will need a lot of capital to get legs on the ground and all the systems locked down before Oryx can be a competent service in North America.
Who knows what direction they will take now. If this stays an obscure nasdaq listed european operation they will eventually wittle away and delist which is a reality for 2022.
Retail investors like us have very little control of a stock price and if the big money isnt playing ball giving them a fair valuation theres 1 of 2 things happening: They are being bled to induce a sale. From all the material I have read there are a lot of buyers out there but they are not going to be throwing SCORE money around much longer OR there is something fundamentally wrong with the business either grey/black market heavy revenue, Tech/management issues etc. Cash will be a problem later in 2022.
At the end of the day 2021 was a too good to be true scenario. Pump and dump. Rinse. Fleece.
Whatever you want to call it, utter disaster and that will factor into a revaluation of the company. Investors will be weary to buy this above 10, 12, 15 again. Institutions included. Fair value has to be EBITDA of which it is negative. So they are purely a speculative company in the iGaming B2B space. They could just as well fall off a cliff and never recover and the c-suite execs will continue collecting hundreds of thousands of INVESTOR money till the very end AHA!