Hi Cute,
What you are saying is not as far fetched as some might think. Look at the situation.
(i) Directors putting in over $1 mil, converting options and taking with them a tax liability that Nick Chan is very aware of.
(iii) Getting in place a technology platform that all the competing players make use of generating a situation and fear that if a competitor took BET over, where do they stand after the agreed contracts expire. You get where I'm going here.....
(ii) I think that a takeover at $0.75 can be at a prospective 2023 PE of 6. That's good enough with the virtual monopoly position they currently hold. (These numbers are not advice, just my own extrapolation).
(iv) It might not be a bookmaker but a large US based Nevada Gaming Operation that might fight over the company with one of Nick's old employers.
The end result might be that we (as shareholders) end up with $0.75 to $0.90 and no long term benefits, such as dividends and the new owners take home the grandstand.
Place your bets.
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8.1¢ |
Change
-0.002(2.41%) |
Mkt cap ! $78.17M |
Open | High | Low | Value | Volume |
8.1¢ | 8.3¢ | 8.1¢ | $28.43K | 346.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 524078 | 8.1¢ |
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Price($) | Vol. | No. |
---|---|---|
8.2¢ | 55001 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 524078 | 0.081 |
12 | 462017 | 0.080 |
4 | 126127 | 0.079 |
3 | 41450 | 0.078 |
4 | 98741 | 0.077 |
Price($) | Vol. | No. |
---|---|---|
0.082 | 55001 | 2 |
0.083 | 5000 | 1 |
0.084 | 31539 | 1 |
0.086 | 9900 | 1 |
0.087 | 87417 | 2 |
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