you've just bought in again and looking for all positivity...

you've just bought in again and looking for all positivity you can, i get it, been there before.

ill firstly say, the market has never cared about cash in bank in terms of how to price the stock.
320m. but they'll spend most of it to run bau and are burning over 50m per qtr.

its all about profitability, not interest rates or cash balance, unless its running empty and no chance to fill up.

they dipped under 1% share in ohio last month.

they are losing market share in every state except illinois.

how does a betting company attract investors when the market share is decreasing while costs remain very high as a portion of revenue.

sure , their net win is rising , but only due to efficiencies with existing clientel rather than growing the market share in each state.

net win % increases on a qoq basis at the going rate is way off from where it needs to be for revenue to exceed locked in core op expenses, certainly in the next 12 months.

so profitability aint close so how can investors buy up, hence the huge short position