RE:RE:RE:RE:Q1 2024 Quite Likely To Be Out End Of This Montha2bman It is always a pleasure reading your posts and gaining varying perspectives even in light holding strongly to my narrative. Rtos seem to be fairly nasty but an easy as well as quicker way for people to take hold of existing companies vs having to go through the more lengthier way of listing and raising capital etc.
I have no doubts that the financials will be robust and keep growing for some time. To take this or any small cap seriously it will need to grow significantly more while cutting expenses and inevitably be cash and EBITDA positive moving to having no debts and remain growing mostly quaryer over quarter net profit.
This company right now is better than a dime it is not getting its just desserts but it will. I am definitely going to say it should at the very least make 33 million in gross gaming revenue this year if not more.
Lets see where things go as it keeps choking now at .075 and gets hammered to .07 which i constantly cringe at but ok i am not trading anything out this year. I want to see the next 3 quarters as to what this company has. I am confident that we will more than likely see quarter over quarter gains from this year to last but i am looking to see when this also beats the previous quarter this year meaning second beats first third beats second and so forth. That is what i am actually after over this year not simply 2024 quarters beat their respective 2023 quarters. I strongly believe they will and take that as a given actually so i have moved on to seeing if this company's subsequent 2024 best its previous.
I think the wagering environment is quite robust that what i am looking at is quite viable and extremely likely however i may be entirely wrong and time will tell. I hold my years price .50 to .70 although the wider range .20 to .70. I know for .50 to .70 the company will have to show quite a bit more and possibly stating they are near break even or best it may give the impetus to the .50 to .70 but it will need big moves to hit that .50 to .70
The year is young lets see what q1 holds and that should give a bit more of a glimpse as to where this may end up. If at 7.5 million gross gaming that does not convince me that this will hit .50 to .70 this year although it will not also say to me it is out of contention. Conversely if in q1 i see over 8.75 million than this wlil convince me it most likely will however i am still looking at not only very strong gross gaming preferably 45 million plus but also nothing less than near breakeven if not cash flow and EBITDA positive and keepinf there more than not throughout any given year so 3 out of 4 quarters and at the least 2 (50/50). So i am looking for as i said big moves and achievements.
Even so the sp will be what it is at any given time i will need to decide when i will look to sell nothing at this point has changed at values no less than .20 on 4000 shares 9000 at $1.20 the rest will be held. So really i am waiting and seeing what this does i am in no rush to sell yet as i want to see what things are this year and how i may strategically trade where i dont waste time and opportunity as 3 or more times this was not able to hold .10 plus and i am less than thrilled about that and depending what i see through this year abd if this should persist in the future i may need to move some of the 4000 designated shares which i can use below equal to or above the $1.20 9000 shares. I am actually taking the wait and see approach and do expect .15 plus especially if q1 beats 8.75 million lets see what it does. I actually want it to break 11 million (plus is even better) i think it may actually. I am expecting quite strong growth...more towards 44 million plus vs the minimum 33 million lets see.
Time will tell but at this point as i said i am not in a rush to sell and still trying to decide that if these are .10 or less when i can buy more stocks whether i grab more of these. Right now i am leaning to no because i dont want dead money as i said not too thrilled this lost from .10 plus 3 or more time and i am not at all taking too kindly to that as well as looking at others that are still down but moved up only slightly.
I expect fairer prices here and will wait. Lets first see what q1 2024 shows. 7.5 is the lowest i expect and call it just ok...8 million not bad above 8 million lets see how much ideally again 11 plus is what i want to see. I strongly believe it is achievable given the growth trajectory shown as well as it does look like the gaming wagers is quite robust across the sector as a whole. If this wants to be taken seriously it will need to eclipse 11 milllion gross a quarter plus be net profit...
I dont think i will yap too much more because now it comes down to seeing price increases and waiting to sell at my preferred prices and not othetwise. So far i am not unhappy with the solid performance of the company but rather not impressed by what the market is showing for the sp on next to nothing volume!!! Needs to constantly trade above 5 million volume before i take it that the market is speaking this volume not at all.