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Bullboard - Stock Discussion Forum Enthusiast Gaming Holdings Inc T.EGLX

Alternate Symbol(s):  EGLXF

Communication Services Financial Services Asset Management Software - Application eGaming
Enthusiast Gaming Holdings Inc. is a Canada-based gaming media and entertainment company. The Company’s principal business activities are comprised of media and content, entertainment and esports. The Company’s digital media platform includes video gaming related websites, YouTube channels and a library of casual games. The Company’s esports division, Luminosity Gaming Inc. (Luminosity), is a... see more

TSX:EGLX - Post Discussion

Enthusiast Gaming Holdings Inc > Once bitten twice shy...
View:
Post by Trendsetter on May 04, 2021 12:31pm

Once bitten twice shy...

We could see this coming after yesterdays announcement dont you think?

Im long, sizeably invested and going nowhere....HOWEVER, I do hope EGLX management do a better job of managing this financing better than the rollback associated with J44 where long term holders of the original EGLX were crushed!

My bet is they will as the company is making great strides...Once  bitten twice shy is probably why we see the selling interest rather than new investors being set up at cheaper prices.

Thoughts?
Comment by Leafs4Life on May 04, 2021 3:44pm
The entire Nasdaq is getting its face ripped off today. I would give it a few weeks before we can make judgments based on price action. Maybe EGLX is just making sure there's dry powder available in case they want to make an acquisition - or maybe there is a target already and EGLX wants to buy someone much bigger than they could with shares and cash on hand. 
Enthusiast Gaming Holdings Inc
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