GREY:FUNFF - Post by User
Comment by
Doozeron Aug 09, 2023 1:04pm
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Post# 35579841
RE:RE:Re-------Trading
RE:RE:Re-------TradingLooks like we'll see these on Monday (may not be until end of day) in the lead up to the Tuesday morning quarterly call. Should be OK given the McBookie and BETR sales will hit the books. I can't make the call on Tuesday morning, but I'm more interested in their roadmap going forward.
I don't know how long a company can survive when their business model now appears to be helping old people download betting apps onto their devices, help them create accounts as states come online, and to have the crank yankers take calls to fix user issues. Retail investors may be the real muppets here; all the money from investors and cap raises are in the pockets of AmAff and Chris is still by far the #1 shareholder of FANS post acquisition. Original vision for the company has gone into the garbage. So much for geographically strategic and niche B2C sites that are cash flow positive; being a leader in North America for online sportsbook/esports/casino B2B deals given robust pipeline (what a bunch of BS - what deals?) and cash postiive at growing scale; RNG games into aggregators everywhere; etc. etc.
I don't even know if Dragonbet represents a net quarterly loss as well as this is the only B2B that we need to sustain...we don't have growing B2B contracts to support in-house staff that can work on multiple contracts. They're probably trying to sell DragonBet in the same way they sold BETR so that can just focus on Betting Hero and Hero hotline to temporarily bring seniors into the market. Maybe we'll get lucky and someone will buy us out.