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Here's hoping for a blue day off the back of the positive media sentiment. I'd love to know what's going on in the background right now. I suppose we'll just have to wait. The next news could be explosive. Fingers crossed.
'... the golden chalice for our baby.' Swill, do you live in a castle and come from the 14th Century?
The trouble is that when there are this many shares in issue the SP can be manipulated. With 2 billion shares out there a day of selling 1% can lead to a collapse of confidence.
Exciting times ahead. They have appointed him for a reason and it can only be a good reason.
Here are some snippits.
"WatchandWager.com LLC holds licences to accept wagers from residents in California, New York, Kentucky and several other key US States." - 63% of the shares in issue are owned by one Company - Burnbrae Ltd founded by Jim Mellon. That Company is part of the Burnbrae Group based in the Isle of Man. So there is a freefloat of about 147 million. That's it.
This share is up and down like the Assyrian Empire.
Just for fun... 'a placing at a premium'. Wouldn't that be something ... When was the last time you saw one on those? Even more mouthwatering than to sell one of the licenses would be 'a placing at a premium'. It's been a while...
WatchandWager is a good brand name. It does what it says on the tin.
I wish I hadn't sold those tranches at 4.4 and 5.1. Hindsight is a wonderful thing. I still got a hefty holding but I've done this before lol. I had both opti and sbtx at 8p but sold in the teens. When will I learn...
6 - 6.2 . I wonder what the next RNS will say.
So it's going to be multi skins. Well I'm pleased with that.
It's interesting to read that the tribal management team want a multi player deal so they can operate sports betting in their casinos. I wonder how many players there are. By contrast Coumo want just one. I think we have more chance of being the one that getting anything from the multi player scenario. We are going to build our brand in California. That's what the board said. What they do in NY is just another indicator.
What are the board of directors doing. Surely there is some news since the last RNS. Some people are in here at 5+. Then they tried a placing at 1.4. Do they have any sense of shareholder value?
Oh, and by the way, I don't think we can be overlooked in California since we have one of, if not the only, mobile betting site in the state. But it's only for horse racing because that's all you can bet on. We are a player in California for sure. Maybe I'm a fish. Who knows?
I think a lot of skins at the beginning in NY would be a lot of regulation. I think the sensible plan will be fewer operators at the beginning then open up the market later on. Does anyone know what we are licensed to do under the NY licence right now, or is it some kind of option?
I hope people aren't getting their hopes up about NY. I don't think we are one of the skins in play there. The news coming out of NY is whether they embrace sports betting as a form of tax revenue. If so the likelihood of the same happening in CA is greater. We are not the player in that state unless I am under read. This is a fantastic share right now and double figure SP is inevitable but don't put your hopes on a play in NY for us. But you never know.
The point is though that it all bodes well for CA and there your multi bagger.
By all accounts even if it does pass I don't think WatchandWager will get in. They do have licences but for NY I think Cumo wants DraftKings to be the operator. Whether they open it up to more operators is something we will see in the next few days but this is not us I don't think. We live in California and that's the biggie. Anything else will be a huge bonus. Are we about to get a life changing decision in NY? I doubt it but I'm in here with both balls so fingers crossed.
SP is going bonkers again!!
1.7 - 1.8 What's happening here this morning? Anyone...?