Enthusiast Gaming Holdings Inc T.EGLX

Earnings...

[1condor]

Going to be an interesting earnings release. I suspect a dip into the 50's is in the cards on this one. They certainly arent going to beat the consensus on the street..and the recent resignations certainly doesnt help. Hope they provide more clarity on that 1 for 10 split...which you all know is coming...but when. The clock is really ticking down on this company. Not a holder but must say its entertaining to monitor.

[1condor]

A miss of earnings and dropping revenue...and not one mention of the inevitable 1 for 10 reverse split. This one is going much lower. IMHO The only hope now to make any money on this stock is for a white knight to arrive and taker it over....and it needs to happen soon. Watching from the sidelines.

[Grenfalf]

Is the market being completely fooled by the mgmt of this company?  If there is going to be a reverse split that affects shareholder value then why isn't there a selloff? Definitely sucks owning this stock, I've lost money.  But I don't think your comments provide any useful direction on where this company is headed.

[1condor]

Grenfalf...this stock is rangebound until there is clarity on the reverse split. It will meander between 65 and 80 cents. Not good for the longs but I suppose for the short term traders it does present a decent trading range to make a few bucks. On another note...analysts are completely out to lunch on this one with targets as high as 5 bucks...and I should mention some of these extremely lofty

[1condor]

Stock is good for a trade down here at 63 cents....for those of you who are up to it. Just remember not to get too greedy and take your 20 to 30 percent off the table.

[Niceneasydoesit]

Are you ever right? Lol

[Puma1back]

Jp morgan unwound 1/4 of a million shares on Friday and today Anonymous has unloaded over 1/2 million. position clean out for month end? 

[1condor]

Good for you guys they are shaking up management. Very ugly chart with a complete break down through all support levels. Thought the 60 cents level would hold...but a couple big players came in and dumped a big load of shares driving the SP sharply down. Stock in now in "no mans land" and technical analysis can no longer be applied. Good luck to all investors those who are trudging

[Puma1back]

Wonder if it was sales in advance of termination? Selling pressure back on today  

[1condor]

Best for them to just come out and give you investors the take on the inevitable reverse split. Until then the stock will just helplessly drift. I suspect they will go all in with a disasterous 1 for 10. Interesting to stock to watch from the sidelines.

[Puma1back]

October 30 is deadline - still say they should cut costs and drop the Board listing - just move it down the food chain listing level in the US.  

[1condor]

Stock is in steady decline as many know the reverse split is coming. Will be interesting to see where the SP is when the 1 for 10 is announced. Maybe 35 cents? Then after the reverse split the shorts will come in an really take it apart.

[1condor]

Quiet board...anyone else noticing this company coming apart at the seams? You all know I am not a holder but sure makes for an interesting watch...along with so many other small struggling companies in the market.

[Puma1back]

i think it is either  1) your theory 2) executive departures dumping  3) no reverse and dropping the Naz and going down the chain of US listing.  they do not need to piss away $ for Board listing imo.  as well, digital advertising sector- ex Meta - is getting hit hard this month so were are riding a trend  

[1condor]

Puma1back...Are you a holder? I held this company in the past but got stopped out (again proof that stops do work, contrary to what some may say). I sure hope for the sake of investors the company doesnt go ahead with a reverse split. I have seen more than once what a reverse split can do to investors. Just check out BRAG (a company that I was invested in but bailed once they announced the dreaded

[Puma1back]

Condor - got in at mid 50 cents a few months ago - had a sell for under $1 as i thought they would jam it just north of cdn$1 but they couldn't. Looks like next news would be whether they are successful with pushing bank debt maturity out a year. and yes, reverse splits generally bad unless they could actually deliver ebitda postive instead of just talking about it   

[1condor]

Puma1back...lets just say this stock is going to have a very interesting month. They will have to do the reverse split (likely 1 for 10 but could be 1 for 15). Best case scenario for this stock is to have a white knight come along and take them out....however doubt that is in the cards.

[Puma1back]

still think the exit of the LA based ceo might ;have been over blowing off the US listing and going downstream on the Nadaq for now  

[Puma1back]

From the Globe the other day: In response to Thursday’s announcement of an expansion of its credit facility, H.C. Wainwright’s Scott Buck cut his Enthusiast Gaming Holdings Inc. ( EGLX-Q -9.14%decrease   ,  EGLX-T -8.70%decrease   ) target to US$2 from US$3, keeping a “buy” rating. The average is $3.03 (Canadian).   “We believe access to

[1condor]

Puma1back...just for kicks I had a look at analysts targets on the stock. They are all mainly in the BUY category with targets of 3 to 4 dollars. These are so outrageous that its funny, but you should all know this is not funny at all, considering how much these folks get paid for their targets. Its shameful. Technical analysis can no longer be applied on the stock at this level so you holders

[Grenfalf]

You are likely right on with this one, and I'll be waiting a long time to get to my $3 average.  I had bought some in the $5 range and sold for some profit, then decided to get back in around $3. Question for you ... what changed with this stock to make it worth 60 cents?  Is it simply revenue miss and too much debt? What is the benefit to the company to do a reverse split?  It

[Puma1back]

Looks like gross margin and comments on the Q4 exit ebitda are trumping the story line. notwithstanding a big California footprint , they could blow off the Nasdaq listing and screw the $ issue.