Post by
ScarletSpider on May 22, 2024 4:59pm
Yup Page 10 Circular Near Bottom of Page
Resolution seeking share consolidation of up to 10 to 1 not necessarily 10 to 1. The way I feel right now despite showing my displeasure of dumping near 10 percent it would have been great to give even footing to retailers as to insiders to have said something even if you are well within the rights to have done what they did but that leaves a bit of a sour taste in my mouth we could have taken some profit at .105 too so I am not pleased at all although this is a mixed bag for me altogether. I do expect the share value to make fmv at the release of q1 2024 providing it even bests 4.4 million q1 2023 anything above should send this to .15 to .20 at least give us that to take away the sting of being last to know while legal but I question the ethics here. Few if any company gives people even footing but what is ironic in the sense of transparency we get preliminary financials but conveniently not the share consolidation consideration?
In any case I saw 50 percent share increase evaporate to negative or just now 2 percent up I am not thrilled and the consolidation I am on the fence with it and would have preferred none and an inevitable $2 on what I have which now has to be $20 and my 9000 planned shares at a buck $10 minimum on a 10 to 1 basis. I will be looking at at 10s of millions a quarter to assess if this has a shot of a successful initial uplifting. Like I said this wants to play will the big boys I will expect upwards of 10 million a quarter if this is looking for a faster uplift if not 20 million plus quarters. Companies should have at least 100 million plus in yearly revenue. Those trading high have 300 million plus actually closer to 1 billion so I have to see 10 million plus a quarter thus year and more like doubling all 2023 gross.
My expectations have gone way up as I know they are targeting Nasdaq and my feeling is they will be looking 2026 conditional approval...have a full 2024 plus most likely first half or two thirds of 2025 so possibly moving into last quarter preparing to finish off the paper work and get on first half 2026 I can't see it going later or there wouldn't be as aggressive as up to 10 to 1 ratio it would have been 5 or less. I don't like the 10 to 1 I will be honest but when the underwriting takes place there will easily be 200 million cheapie bring drawn up pushing the paper 400 million so if they keep this contained at no more than 300 million do a 10 to 1 30 million os the up to 200 million to get to Nasdaq 430 million but it will need to have way stronger gross gaming revenue and be net profit EBITDA may not help with keeping share value up. Let's see what the company does.
I took 20 percent profit out if btcw so I had it with gains evaporating and I expect more from this starting with fmv and holding it and keep leveling up on justifiable results not the shiate currently going on if I have to aggressively trade here I will and look after making some monies as we go along but if I am happy I likely won't so I expect 2 things fmv and the bottom line justifying the progressively higher prices as well as the solid structure in place as this uplift if 10 to 1 that at worse case it holds at least a $5 to $7 share value not go rocketing up 10 to 15 and collapse like a cheap deck of cards...so my eyes is now more focused on this. I am not sure if I will even out my lot which I am inclined to do if these for whatever reason pi@@ where they are if not fantastic I have been chirping alot for the fmv which I strongly preferred then and right now.
One brief other note, I was wrong about the interest rate cuts it has to do with the mortgage right now not necessarily the Bank of Canada or Central Bank of US dropping the rates. Let's see when.
Comment by
a2bman on May 22, 2024 7:38pm
What did you think, I just made it up? Stop freaking out, relax and have patience. I didn't think they had much choice. Institutional don't play down here. They won't get anywhere without them. You got stock lower than the vast majority of investors n this thing. Your doing fine
Comment by
a2bman on May 22, 2024 7:38pm
Besides I dumped the info and the stock went up
Comment by
teetznazz on May 22, 2024 8:59pm
If it makes you feel better, Playtech owns 51 million shares and the CEO, Michael Moskovitz owns 5.2 million shares. As well, an entity named Nordstar Capital LP owns 36 million shares of BET. These holders will also be subjected to the reverse split if the resolution passes by vote. Obviously if the above vote yes to a consolidation there must be good reason.