Member Info for raks2003

https://esports-news.co.uk/2022/02/09/blast-fifa-esports-epremier-league-bt-ea-hope-united-kit-online-hate/

https://www.reportdoor.com/esl-gaming-sold-for-1-billion-to-savvy-gaming-group/

Exactly! History repeating itself…but there is always next year after the sellers get out of the way, warrants are out of the way, this and that is out of the way, etc etc. so much hype throughout the year and never quite materialises as people
expect. And for the price forecast…8.6p/9.5p…pie in the sky. This share should be flying many times over but the figures speak for themselves. I reckon sub 3p until next announcement. Then it’s anyones guess.

I've been invested for many years and a sizeable position . We all live in hope :) The downtrend has been one hell of a trend! Fingers crossed still!

If history is anything to go by, all the hype about financials and potential will not be reflected in the actually figures that due out any day now. I'm guessing the people in the know are selling.

Guild - Esports team
Gfinity - Tournament Operator & Digital Media Company

You don't know what you're talking about!!!!

By my calculation the price will go back down to under half a penny for the short to medium term. Hopefully the company will be in better shape to see it into next year.

https://www.bbc.co.uk/sport/formula1/51975681

Wow!

https://en.wikipedia.org/wiki/Garry_Cook_(administrator)

I see this as a positive move to ensure the company weathers the current **** storm. Getting the costs down at this time is essential. Just hope they get trough it and back on track.

No mention of the epremier league contract moving forward. As the RNS reads, it would suggest that this is one of the contracts that they won't be working on after this current year. I may be wrong.

Tough times for everyone ..gfin no exception

I think it will be a raise and they will probably need to do it asap as news of it has probably been leaked (as per the usual run up to previous raises) hence the drop in price. Maybe the "strategic" investors they mentioned last week will take a large stake and we go from 500m shares in issue to 1bln shares in issue. Still, on the bright side of it is to hedge your bets sub 1p and hope that the price rises by a few pence just to recover from this awful negative position, recoup and get out. Alternatively, the company is going pop!

I'm still gob smacked at the drop in revenue. At least they should be upfront on why they fell so short on the forecast. They can't even do that and they have to spin a yarn that the revenue drop was in line with management expectations and they are blaming it all on pulling the Elite Series. Bulls**t!!!

Should have invested in Tesla ;-)

I've said this in the past, you can't believe anything that comes out of gfinity. These pie in the sky revenue forecasts of £14.4m (2020) & £26.59m (2021) are a joke!! No wonder there wasn't a buy up of shares by management and the majority shareholder at the last funding round. Clearly they knew that H1 wasn't going to be great and that reaching the 2020 forecast was unachievable. Yet, management repeatedly reiterated these forecasts and EBITDA break even for 2021. Watch this share dip to 1p this year and maybe never recover. Understand it is a new sector but really does feel like maybe the exaggerations have been too over the top.

Personally, I'm sick of hearing about the market size, 2.2bln gamers blah blah blah. Every RNS, every interview....play another tune management!!

Trek where are? Be nice to hear your thoughts on this my friend.

Heavy dilution of shares this year or at least much more than expected. Not much of a take up my the exec team £|5-15k each, reduced % of shareholding by Charles Street, no more Australia, no confirmed revenue sharing on any contract, next two years figures are only estimates/predictions and probably another capital raise next year. Am i missing anything?

So no F1 brand exclusivity for Gfinity?? I would have thought they would have setup a satellite operation in China to keep the F1 esports to themselves.

https://www.euronews.com/2019/07/25/esports-formula-one-to-fast-track-chinese-gamers-to-2020-virtual-series

Let's see. I'm holding a significant negative position so really don't believe a lot of what comes out of gfinity at this time. Their PR guys never answer any questions. However, a few positives like F1 esp if they manage to negotiate a multiyear revenue sharing deal and likewise with the ePremier League. I think that is the only way forward. So may well take the risk and double down in a few weeks time and sit back for a few years. By your estimation of 20p/share... i'd just about break even....sadly! This business should move to the US imo

This was stated by Gfinity in their commissioned report by Proactive Investor : Gfinity - Game On in Feb 2019

"Based on these forecasts, we believe that Gfinity can finance its growth
through to 2021 without the need for a further equity capital raise. Should
the company decide instead to raise further capital and avoid moving
into a net debt position, we believe any such capital raise would be
modest in scale and with limited dilution for shareholders"

So, 116m shares is a limited dilution?

Agree with you Trek, not great for the PI's. I estimate share price to go well below 4.5p in the short term perhaps as low as 3p. Long Term a great investment and yes will have to wait for the dust to settle. Also note, not a great buy up by the exec team and Charles Street have lowered their shareholding to 23% .

Good to hear. Where did you read about this and do you have a link?

http://www.sportspromedia.com/news/gfinity-talks-f1-multi-year-esports-contract

https://www.thetimes.co.uk/article/share-of-the-week-gfinity-0tlj2md33