Enthusiast Gaming Holdings Inc T.EGLX

opinions please

[clarkeb]

 

-- Enthusiast Gaming Brief: Files Preliminary Base Shelf Prospectus and Registration Statement; Up To An Aggregate Total of C$250 Million

 

03 May 202117:16 ET

 

[Trendsetter]

To have 250millin ready to spend on the shelf is great news.  This allows the company to act fast if the right fit appears to be added to the "flywheel".  Perhaps an esports betting company?   Possible minor negative that we dilute the shares however IF issue price is $10 then we go from 115m shares outstandins to 135m.  Not a large float considering.

[foundalpha]

EGLX just announced filing a base shelf prospectus to raise up to $250 million in the next 25 months. Did some research on what this could mean for the stock price. This type of prospective financing typically has the least negative impact. However, price may drop 5-10% in the next couple days, but likely recovers and goes higher within 2 weeks. No doubt they have big plans for acquisitions. Hexo

[Niceneasydoesit]

See price action. Short term tnvestors are voting. I am not one of those.