Post by
12diabolical on Jul 25, 2022 11:19am
VERY CONFUSING..
GAME WAS TRADING @ APPROX. $6 CAD....EARLY OCT 2021.
THEY THOUGHT IT WAS TOO LOW....
"Eden Games is one of the world's premier game studios in the burgeoning motorsports gaming vertical and has the respect and admiration of publishers and players alike," noted Lou Schwartz, Engine's CEO. "However, we believe that the value of Eden's deep domain experience and success in motorsports gaming is not being adequately reflected in our share price. Accordingly, we believe that exploring strategic alternatives for Eden has the potential to surface new opportunities for the Eden team, the Company and our shareholders."
Comment by
Puma1back on Jul 25, 2022 1:46pm
look at the EGLX gaming stock on the tsx - chart is similar- serious decline in the peer pricing but Game seems oversold based on a few metrics driven off eglx . Though comparables in this sector are hard to play off and extrapolate. IP litigation is definitely receiving little value in the market .
Comment by
Puma1back on Jul 29, 2022 7:42am
Trades 64,000 shares above a US$ 1 and then in the last 10 minutes they push through 2,000 shares and take it down 6% .
Comment by
12diabolical on Jul 29, 2022 9:24am
I,ve always felt like this is being manipuilated for the purpose of buy back, or shorted by competition...or the market in general. is this your feeling? thx
Comment by
Puma1back on Aug 11, 2022 9:26pm
Not much stock price/volume traction from the conference/ media play in Boston for the sector- let's hope mgmt were remembering the new mantra of cash flow positive on a forward basis .
Comment by
Puma1back on Aug 18, 2022 8:43pm
Then again, EGLX on the TSX has also had a bad August , so in spite of the Nasdaq rise, this sector of gamers is still considered too thin for serious $ I guess.
Comment by
Puma1back on Aug 26, 2022 6:12pm
EGLX - also continues to get killed which as a bigger player is still a good proxy imo. Except they do not hold out any patent hope- which frankly is what the price of Game is also saying right now