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Gucci in on the esports area.. completion in the esports field is growing,
Guild need to work overtime to stay ahead of the game,
We will soon find out if there's been any talks regards large offtake with named brands in pipeline
RNS must be due soon,
Good news and we may find the bottoms now in or bad news and we all know we're bad news takes us,
One can hope so or this will be going down the cbx route if the Bod don't sort them self's out,
Last time I was in a drop like this it didn't end well for share holders,
Only yesterday an employee announced on LinkedIn that they'd been promoted to Midweight Designer - that'll be a Guild Studios appointment and so looks like there could be more in the pipeline from them...
It's possible the 3million ambassador fees have been significantly reduced, it will probably be mentioned the actual figures in the next month's results,
I carnt belive it's under 2p but hey ho that's the stock market
Perhaps they are hoping to attract new sponsors with the teams competitiveness at Riyadh later this year.
This is such an odd share. It has/had so many major sponsors but STILL can't pull itself out of the dumps. To think I first got on board at 6p!!!! I've managed to average down to 1.2p but I refuse to throw more money at what appears to be a lost cause. I had so much enthusiasm for eSports but I appear to have been wrong.
Next month's results are been priced in already
Doesn't look good, they've just raised £250K but likely need £2m a year to keep going (had about £500K at Y/E IMO)
No real new major sponsors have landed in the last 12 months, the Bitstamp partnership has now completely finished and have not yet been replaced
Only being able to raise £250K and no sign of 00Nation taking a further £500K / Commercial agreement
Could all change on a partnership / sponsor , but at this market cap Becks is taking the entire company in commission (£1.75m last year)
Content fees and Marketing + Ambassador fees were £3.2m last year
The balance sheet vs market and operations are completely unsustainable, 12 months ago you had the hope that they might land more sponsors and they had 12 months to replace the Bitstamp deal, then there was promise of CS2 sponsors and ME sponsors , not to mention a great partnership with Sky.
This really is make or break, by my estimates they dont have enough cash to continue past Sep 30th 2024 so will need to raise at minimum an extra £1m (equity or partnership) before Sep 30th. They need to likely find another £2-3m in sponsors on top of what they have to make this a viable business. I wonder if at minimum they will close down operations and simply become a content creation business "Guild Studios" or will 00Nation come in and take over? Who knows but at this stage it truly is a casino esc gamble, nothing is certain do you own research and a whiff of good news this can fly but just be very careful, make sure you have fully read the balance sheet and know the story here. GLA to anyone still invested may good fortune come your way.
These need to get there act together and bring back coke cola,
Closes with a bid of .20 from .97
3months ago, wow that's one steep drop short term,
Opened up with a flash of .20 bid this morning but still won't take .25 on the ask,
Will the ask be soon .20 makes u wounder?
I never like to see an Rns showing funds for working capital .
Will eat my shorts if the sp changes direction
What a load od cr@p this is, will get worse imo!
Sold 2k and sp drop from 35 to 25,
Ho dear, still in a long term down trend,
My trade of 2600 was enough to drop it to an all time low!
Yep this has no potentual short term, will drop another 50% easy then a fundrase after to dilute it further, get out while you can. Im selling 2k today at a loss
Looking like its Going down ,is 20 inbound ??
Https://twitter.com/LSEplc/status/1312023868094242816?t=hMxqUuUq94eWTu4DXIkdfA&s=19
Breach below 30, are we inbound for 20,
Makes me think,
Typical penny stock, working it's way down,