RE:RE:RE:RE:RE:Dodged a bulletHi - My perspective is different, I've been a shareholder since roughly the time they went public. Playgon is going through growing pains just like any other small cap, but I think the pain is almost over. The MC is now equal to the value of what was invested to develop the tech, and management has been very effective at bringing on large aggregators to expand daily and monthly betting. They have the only Live Dealer platform developed from scratch for mobile, not desktop adapted to mobile....very different experience if you've tried both side-by-side. Here is a repost of what I just shared on CEO.CA....and my thoughts for the next couple of months. Hang in there!
Looking out at the next 2 months and potential catalysts: 1. The PP placement should be closing, with the 1st tranche closed, as per Jan. 20 release, 2. This could increase insider ownership of the float which is now 35% controlled by insiders, as per the 2023 Corporate Presentation - so despite a significant share count, most shares aren’t free-trading and in long-term hands, 3. Fourth quarter financials released (Q3 was released on Nov. 20/22) which will include as per the Jan. 27 release, revenues linked to $1B in bets in the last 13 months and eclipsing 100,000 best per day – this is due to a number of new large aggregators brought on board by management. These financials could also be the beginning of the path to being cash-flow positive later this year, and 4. The potential for other announcements related to new aggregators with ICE-London starting tomorrow as the perfect backdrop for news.
GLTA….this should be a fun year with Playgon, which is just starting to reach its potential.