until that happens the stock will keep going down. Sillerman offered to buy Wetpaint in march of last year for $40 million valuation. That was a complete joke. That would value DDAY at $2 a share. unfortunately he is a fraud and Wetpaint is probably not worth $20 million.
The company needs to come out and talk about their plan going forward. They need to discuss growing DraftDay and monetizing Wetpaint and the remaining assets. Draftday could be worth $100 million in a few years if done properly.
Draft day LLc which is 50% owned by vggl has raised money to become a big fantasy sports player.....plus viggle is changing name in february to draftday etc....
Where did it go
covered some more..leaving some for $60...way overvalued momentum stock now broken...great company but dumb stock price
If indeed there is a lot of naked shorting and selling of the stock it will soar on any positive news. Look what happened to KBIO a company people believed (correctly by the way) that it was worthless. Once good news came the shorts scrambled and took the stock from 30 cents to almost $40 dollars. I can see a similar scenario play out here.
what a terrible business man
absolutely stupid valuations come back to reality almost every time. Dumb public was fooled once again
that was his genius plan the whole time that sly fox....