Fantasy Aces Daily Fantasy Sports Corp FASDF

Yahoo Sports

[lscfa]

The halt has me wondering.....Yahoo android app has 5 million downloads....FAS does not have an android app yet but ranks ahead of Yahoo in favoured sites.....would make a good merger


https://play.google.com/store/apps/details?id=com.yahoo.mobile.client.android.fantasyfootball

Dec 6 - "The Corporation has remained the number three site through the end of August for the MLB season, behind industry leaders DraftKings and FanDuel and in front of Yahoo amongst others."

[SuperMoney]

I feel the similar thing, which should be a big event. Lscfa, do you have any idea how long it will resume trading? Thanks. Good luck to all of us.

[pennylane101]

Since we're speculating on possible reasons for the halt, what would be the share price offer given a current market cap of $1.9 million for the company?

[lscfa]

Buy out price = 2 x forward revs of $6 million / 80 million shs = $0.15 per share.....

[pennylane101]

Thank-you!  Meanwhile we dream of riches and possibilities...

[Smiles48]

If they got a take over bid, as I mentioned last week, it will be at 0.10, no more. That's why they kept it at it's minimum current price. But we are merely speculating, it could also be that the business is just not taking off.  Q4 the strongest Q just went by, did they announce another $11K or better day? It occurred once in Q3 and they were proud to announce it. Like you I'm

[yixter]

A takeout is plausible but doubtful. It's an acquisition on our part or some sort of financing. With Gates on board and the CEO owning most of the shares I just don't see a takeout.

[SuperMoney]

I think either merge or acquisition. It seems Gates is taking action on his role now. Given the trading halt, it must be a big news. Cheers.

[thearab]

No use speculating depending on the magnitude of the news it sometimes stays halted for a few days.Also the exchange sometimes is unhappy with the way the news is written so they give the company a hard time until they get it right.JMHO for what it's worth.

[Smiles48]

European partner?

[thearab]

Looking like we might be off the market for another day or two who knows.

[pennylane101]

My theory is they halted the stock because they are in negotiations with prospective buyers and didn't want information to leak out.  God forbid if there should be a run up on this stock!  I mean ---- how would it look if the share price ran up to 50 cents and the offer was only 15 cents?   ;0)

[markcuban]

IMO, the minimum would be $0.125. Fantasy Alarm went in on a dilutive PP prior to the reverse split at $0.025.