Post by
Puma1back on Jul 15, 2022 9:49pm
Financials et al
Well, the numbers came out and red ink is well down with the mgmt still calling fior cash neutral. Fantastic job on flogging Eden games part before the crash : so in that respect one could suggest they were brighter than Mr Musk who popped at the top, rather then dumping at the top.
still no mention of the Patent stuff, but i suppose that following on Heelz comments, perhaps those references are best left unmentioned. They can add value on a declared basis as opposed to supposition only basis.
Comment by
Puma1back on Jul 17, 2022 9:11am
always a tough measurement with intangibles, but the book value of Game is almost $US 1.70 Or about $cdn 2.25.
Comment by
Puma1back on Jul 17, 2022 9:31am
Eglx - the other larger entity in the field is also loosing money but is much bigger. it trades about 1.2 times book value - so applying those peer metrics here we could arguebly be looking at a comparable valuation more in the $Cdn 2.65 to $Cdn 3.00 depending on the share count used in the numbers.
Comment by
Puma1back on Jul 21, 2022 6:34pm
New director isn't just 3 day old fish - he seems like an interesting addition; although no experience with entites litigating IP. nonetheless, some good West coast connections.
Comment by
Puma1back on Jul 25, 2022 9:20am
i could see them getting this back to around US$ 3.00 or so - just under US$ 50 million market cap.