Hi Cute,What you are saying is not as far fetched as some might...

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.