With the current market cap sitting just below $70 million I'd love to see management, especially the CEO, start putting some more skin in the game. If they plan on seeing this through then they'd be crazy not to at these prices.
Despite the recent negative events and after going over the books there is still a lot of potential here, albeit also a lot of risk.
The Thai Vendor is doing the same old trick that bar owners have been doing in that part of the world for years.
- Sell your profitable bar to a naive foreigner while maintaining control over it indirectly through profit channels, political power, etc.
- Hinder business operations until they give up and are forced to sell.
- Buy it back for less then what you sold it for.
The community outreach they are doing is a smart move, casino's are political businesses and it's vital to have the favor of the local community which translates into political capital if marketed well.
I'm not a fan of how they are going about the online gaming operation(it looks dodgy at best) and would much prefer this money and effort be directed towards improving the current facilities and gaming operations. The old adage of doing one thing well rather than 10 things poorly is apt.
The current CEO needs to get over his "illness" and rise to the challenge or step down. Now would be a great time to bring in an absolute head kicker of a CEO rather than some trust fund baby trying to prove to daddy he's got what it takes.
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Last
3.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $45.70M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 75000 | 3.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.9¢ | 895258 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 75000 | 0.036 |
1 | 25935 | 0.035 |
1 | 153334 | 0.034 |
1 | 200000 | 0.033 |
2 | 250073 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.039 | 895258 | 2 |
0.040 | 207353 | 2 |
0.041 | 98887 | 2 |
0.042 | 137000 | 1 |
0.045 | 186270 | 1 |
Last trade - 13.30pm 03/05/2024 (20 minute delay) ? |
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