Post by
hintonkid on Mar 12, 2020 2:18pm
Could the RTO failure actually have been a good thing?
At the risk of a backlash, by my fellow LOTO investors, I am going to proceed with my comments on the subject of the failed RTO between Lottogopher Holdings and Bravio Entertainment. There are likely a number of you that are going to ask me if I am in my right mind when I make such an outrageous comment that the failed RTO may actually be a good thing in light of market upheavel having been triggered by the on going COVID-19 outbreak and the face-off, over oil production levels and pricing, between Russia and Saudi Arabia. Neither side backing down from their positions. In light of the spread of the COVID-19 virus, affected nations have been taking steps to contain the spread of the virus by quarentining large segments of their populations and more an more people electing to self-quarentine. Sports teams have also been affected by the outbreak as players begin to become infected by the virus. A number of teams have elected to restrict their fans from watching the game at stadiums and arenas much to the anger of fans. One league has taken the major unpresidented step of suspending the remainder of the season. Bravio Entertainment has a stake in a sports team and includes sports betting enterprises as part of their operations. With this in mind, it may have been for the best that the RTO failed. If the RTO had been completed, as anticipated, what shape would the new company be in especially as anticipated income, from the established sports betting side of the operation, failed to materialize as projected as a result of sports league seasons being cancelled. There would be no playoff games to bet on and the big finally championship game would not happen in any of the sports leagues around the world. Playoff games and championship games are where the big money is made. Combined with the crushing fall in company share prices on the open markets, around the world, and the new company would be getting off to a pretty rocky start in life and its value would take a significant hit as some investors panic and sell off their stake in the new company. Therefore, the failed RTO can be shown to be a blessing in disguise. At least for the time being.
Comment by
moeroby73 on Mar 17, 2020 12:47pm
At least we are not affected by crash, or recession. We are not going down!!! LOL
Comment by
GetUpAndGo on Mar 19, 2020 12:59pm
You guys do realize that the entire managment team and board of directors resigned from this company, right? Our money is gone. Lottogopher is in default and will probably be delisted soon. [url=https://www.stockwatch.com/News/Item?bid=Z-C%3aLOTO-2870818&symbol=LOTO®ion=C]https://www.stockwatch.com/News/Item?bid=Z-C%3aLOTO-2870818&symbol=LOTO®ion=C[/url]