ESE Entertainment Inc V.ESE

Alternate Symbol(s): ENTEF

Communication Services Financial Services

ESE Entertainment Inc. is a Canada-based global technology company focused on gaming and esports. The Company provides a range of services to video game developers, publishers, and brands by providing technology, infrastructure, and fan engagement services internationally. It also operates its own e-commerce channels, esports teams, and gaming leagues. It operates through the digital media and entertainment segment. Its portfolio includes Frenzy, Virtual Pitstop, and K1CK. Frenzy is a media and production company, which is focused on the video game industry. Frenzy creates and executes esports and gaming events, broadcasts, and media content. Frenzy also operates professional mobile, automated TV equipment. Virtual Pitstop provides technology for video game developers, racing fans, and gamers to engage in motorsport-related esports across the globe. K1CK manages esports teams that compete across multiple games and platforms, including League of Legends, FIFA, Apex Legends, and more.

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ESE Entertainment Inc > Bye bye Gameaddik, we hardly knew ye..

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Post by Bludstanon Aug 09, 2023 10:33am

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Post# 35579430

Bye bye Gameaddik, we hardly knew ye..

Just running numbers on the sale of Gameaddik. Sounds like a bad deal to me.

Dec 2021, Gameaddik was bought for 2.061M on closing, 2.751M 6 months later, and 7,377,143 shares (worth about 1.25$) or about 9.221M (and the dilution) for a total of 14.033M.

Aug 2023, selling 70% of Gameaddik for 9.1M meaning the total value of Gameaddik is valued at 13M today.

None of that money is going into any share buy back. No plan to do anything with the money other than just burn it as the company continues to lose money. Hmmmmmm?

B.

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