RE: Turnaround in full effect16 Jul 2025 15:19
@Nerd Happy to hear that you have belief in your investment. My belief, however, is that there's just no way this won't end in misery. The company has negative working capital and will almost 100% raise money near term. Reviewing their assets one can see that one affiliate site (bet90) is a one-pager that anybody could create in less than 10 minutes, it's value is near 0. They also have an old german sportsbetting forum that have almost no monetisation but most of all, no activity what so ever. I'd be suprised if these two sites combined generate a couple of grand a month. Oddsen, their third site, is bigger but site traffic gauging tools show that it's struggling and has no growth, which is also easy to see by looking at the amount of posts made in their forum.
I truly don't understand how the mcap of this ticker is anywhere near £1m. There are lots of peers listed in other jurisdictions and just a quick comparison would show how the valuation is here.