Canadian Banks Cutting Interest RatesWhich they have not done in advance of the Central Bsnks of both Canada and the US so unless there is strong reason for the banks to be cutting rates which they haven't done so so far it may be quite possible that we will see rate cuts in June. With these rate cuts it will definitely positively affect stocks which may explain the sell off and huge volumes for people to play rope a dope getting them to shed shares in this way coupled by the fact that the financials are coming. By the numbers:
Q1 2023 4.4 million
Q2 2023 5.5 million
Q3 2023 5.5 million
Q4 2023 7.6 million
There seems to be $500k off as the company reported $22.5 million gross gaming revenue but if you tally each of these quarters it works out to $23 million so I don't know what exactly is off here and the numbers would need to be adjusted/reconciled but I will take the $22.5 million and possibly adjust the last quarter down to 7.1 million however that is for me to reconcile in my own mind not necessarily what the company may do.
There were two consecutive quarters that were reported as equal but sill 1.1 million above the first quarter and the last to q2 and 3 above both by either 1.6 million if at 7.1 million or 2.1 million if 7.6 million as reported.
I am expecting 7.5 million if I said it will destroy q3 by 2 million let's see.
Regardless I don't see it being less than 5.5 million which still quarter over quarter is 1.1 million over q1 2023 4.4 million but I don't think so it will destroy 5.5 million providing the growth is what I see and strongly believe it will be. I guess we will find out soon enough.
Let's see this start trading more fairly above .15 as I already pegged it really .17 to .20 as a non qualified lay person. Let's see if this gets over 8 million.
Inevitably I am looking at over 20 million quarters but first getting 10 million as it is doing so...not bad low 4.4 million high either 7.6 or 7.1 million with a median of either 5.75 million on $23 million or 5.625 on $22.5 million.
It is getting there jot bad at all. Let's see if 7 plus million for this and all the rest of the quarters 2024.