Member Info for howdlep

it actually means a pensioner has bought 100 shares without dealing charges. However, his wife thinks he gone to get a loaf of bread!

you can buy a max of 1000 shares for 2.3p or sell 2m @ 2.23p.

Now which way do you think MM' s are positioned for movement?

that is stated clearly in the last placing RNS, dated 17/12/19:-

"following the issue of the Subscription Shares the Company will have utilized all of the currently available authorisations it has to issue shares for cash."

Placing

The Company is also pleased to announce that it has raised gross proceeds of GBP164,617.07 through the issue of new equity at a price of 1.75 pence per new share, in response to organic demand received through its Corporate Broker. The proceeds will be used in support of accelerating the fund's marketing efforts. Accordingly, the Company has agreed to issue, conditional on admission 9,604,690 new ordinary shares of 0.1p each (the 'Subscription Shares'). The Subscription Shares will, rank pari passu in all respects with the existing ordinary shares and following the issue of the Subscription Shares the Company will have utilized all of the currently available authorisations it has to issue shares for cash.

https://masterinvestor.co.uk/evil-diaries/evil-knievil-flybe-in-perspective/

and we now have buyers. Nothing has changed since the hearing, other than it is now a much cheaper entry price.

California Lawmakers All Ears At 2020’s First Sports Betting Hearing

Stakeholders agree state-wide mobile critical to success should Golden State legalize

https://sportshandle.com/california-hearing-sports-betting/

How Much Would Tribes Contribute To State From CA Sports Betting Revenue?

https://www.legalsportsreport.com/36759/ca-sports-betting-revenue-fiscal-analysis/

if you wish to analyse the progress of tonight's hearing, may I suggest you follow the tweets of @tangerinelaw who is an authority on the subject:-

https://twitter.com/tangerinelaw

https://www.legalsportsreport.com/36740/california-sports-betting-hearing-agenda/

The key thing is that the tribes themselves now want sport betting. That is already evident from other States. That being the case, we can safely conclude that sports betting is coming to CA. It will be a Bill that will substantially benefit the State, the tribes and the betting industry. As an existing licence holder in CA, WEB are already positioned to benefit. Predators will be gathering and eagerly awaiting details from the legislature hearing, beginning at 9pm GMT.
Webis are on the cusp of a huge re rating.

My next target would be 4.55p resistance. Absolutely no need to be selling when there is still a full days window of opportunity.

now that's interesting. US related I wonder?

The withdrawal of the syndicate was responsible for the loss, which was already known as you state.
The MM's took the opportunity to mark down the sp with the Finals and a few sold. However, buyers are now seeing value.
Webis remains a play on California and the value of State licences. There is no need for me to repeat the detail that is clearly contained in the RNS.
Webis will become a target for a predator as legislative change progresses in California. That is why its major shareholder is so supportive. They are looking at the end game.
As for myself, I continue to hold and accumulate weakness.

a two million rollover

Predators will want the asset on the cheap. They won't get it. California news will focus attention and soon Webis will be in play. That is when predators will appear, competing against each other.

Yes as we know, the tribes are key to unlocking huge revenues for all concerned. That will make Webis even more of a target for predators seeking an established position in the State. It is therefore worth highlighting a couple of important sections from the Interim Report:-

Licenses

"During the period, we have concentrated on obtaining important licence applications and renewals. I am pleased to report that all licences applications were successful, and include the key strategic states of California, New York and Kentucky. As announced last week, we were also approved by the California Horse Racing Board for a further two-year license renewal into 2021. This is particularly important as it will ensure that we remain an incumbent fully licensed racetrack and online operator as California continues to pave the way for expanded sports gaming."

Summary

"In terms of strategy, the repeal of PASPA in May 2018 was something of a game changer for Webis Holdings plc. As expected, there is a huge focus on the USA as the land of opportunity for expanded gaming, especially with very tough competitive conditions for operators in many other jurisdictions, especially in the UK. As a result, the company has had no shortage of informal offers from other interested parties in the space, specifically in the areas of software deals, strategic alliances and, at the operating company level only, mergers and even acquisition. The Board continues to assess all these avenues for the benefit of shareholders but is aware that the increasing suite of USA licences, together with our USA established operations and relationships, have created a significant asset, and one that should not be undervalued. We will keep shareholders fully informed on developments in this area in line with market regulations. "

Native American tribes propose initiative to legalize sports betting in California:-

https://www.latimes.com/california/story/2019-11-13/native-american-tribes-initiative-legalize-sports-betting-california

Already FDA approved!

David Smith, COO of IQ-AI Ltd. commented "This initiative grew out of the solid progress we are making on our gadolinium free project and represents an area that is 30 times the size of that product opportunity. Further, it uses the diagnostic imaging techniques that are already in our FDA cleared IB suite of brain tumor focused products."

You forget to mention from the 28/8 RNS:-

"With the renewal of the Cal Expo license, the Board is also making shareholders aware that the Company is in advanced negotiations with the Cal Expo landlord with a plan to obtain a significant extension of the contract to operate racing at the track. The Board believes that the securing of such an extension for its retail operations in California will be beneficial to the Company in the long term. Further details will be released in the coming months.!

oh and from the Interims:-

"In terms of strategy, the repeal of PASPA in May 2018 was something of a game changer for Webis Holdings plc. As expected, there is a huge focus on the USA as the land of opportunity for expanded gaming, especially with very tough competitive conditions for operators in many other jurisdictions, especially in the UK. As a result, the company has had no shortage of informal offers from other interested parties in the space, specifically in the areas of software deals, strategic alliances and, at the operating company level only, mergers and even acquisition. The Board continues to assess all these avenues for the benefit of shareholders but is aware that the increasing suite of USA licences, together with our USA established operations and relationships, have created a significant asset, and one that should not be undervalued. We will keep shareholders fully informed on developments in this area in line with market regulations."

It's why I continue to accumulate when there is the odd seller. Try buying after a good RNS. It' hard enough now.

There will be Cal Expo news shortly. As for trying to buy in size in the second half of 2020, it is hard enough now!
That is why people are accumulating now. The profit is in the waiting, not after a gap-up.