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Anticipation of this 20% share of a new Mexican venture is not exactly going wild is it. Couple placing overhangs also to clear yet.
Careful if you look at the history of the CEO even before mobile streams. It might help solve the big picture puzzle that city keeps talking about
Wee Dave come on now. You may be late to the party with that nice low average but did you not go back and look at forecast numbers on NFTs. All checked by nomad of course. Covering overheads only is a company going nowhere really and if the centre doesn't perform it won't last. Reserves still going down and off they get to break even with a couple hundred thousand in the bank, what can they then do? Going nowhere anytime soon.
If you read carefully it indicates that BET will suck cash, and have a growth model based doing multiple raises at different valuations. This means it will be loss making. Introductory offers to entice new customers and marketing is big coin. Whether it emerges from that as a growing profitable concern in a few years well we will see. If it was easy to start up betting companies with only £1m funds, well say no more. Sounds ridiculous.
Someone below is correct in saying BET is a startup. Well established betting companies make 5-6%. If BET turns over £10m in year one, which it won't, that is only 500k profit of which MOS would have only 100k. This is theory as in year one there is so much marketing, introduction offers to entice users, promoters to pay, most betting companies make losses to grab market share. We know ME loves to pay for market share, that old chestnut! So nothing new is going to happen for a few years as this venture will keep needing cash. People are almost saying launch BET and instant cash generative which is ludicrous.
Placees and spread to beat. Going no where fast. BET is a start up as mentioned below and very true. Long way to go to make any meaningful money out of a new venture like this and that's IF successful.
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The thing estadio had going for it was that ME was not the kingpin. If you are saying city he is the keystone then it's a very poor start to their marketing campaign as the track record of spin by him speaks for itself. Nomad checked the numbers on an those NFT numbers which were a load of fluff. Unknown valuation method by unknown investors. Basically valuation passed nomad as method used was simply what someone is willing to pay which has all been agreed between themselves no doubt.
The valuation is made up between themselves. 2500000 is now worth x5 since December? Sounds awesome. Invested by who? No detail but some connected party no doubt. Get back on the wheel investors.
That non disclosure setup will suit MOS
City you should try and teach that word transparent to the BOD. Puzzles are hard to work out for us simpletons.
If you do research many gambling start ups do not find it easy. Careful what you find. As in every new venture with MOS, it's hailed as a success even before it's started.
Chart needs more bid drops to obtain more than a pathetic dozen trades a day or less. And yes its the fault of the BOD antics this is where it is.
Peterhouse came to MOS cap in hand. How silly of you. MOS likely went crying to them and they are only happy to get ready fees and offer insulting discounts.
They can't go empty. Cash is going down currently which you can't refute as they are currently not cash positive.. They have an expectation or rather HOPE that they may be positive at the end of the year. The party line will be there are no current plans to raise, which can change at the drop of a hat. Running back to Peterhouse was a bit of a joke don't you think? Embarrassing really.
But fundamentals show this is a complete bull trap of a company. Someone below can also see the board has more raises in them yet if they can get away with it. Cash currently going down as not in profit yet. ME spoke of the hope of cash positivity in previous ventures which didn't work out. They need to update with more detail on these numbers if statements like that are going to be thrown out.
Long way to go to clear any overhang from the recent placing. The previous ones are not even cleared.
Woops. Someone given up or recent places on a bad bet.
Everything MOS has done has had huge potential with mind blowing audiences. Everything has over achieved. Everything also has led to placing after placing.
Get in the car scotty