The company would not have fought so hard to stay on Nasdaq and they must have demonstrated a good financially sound plan to the regulators to get permission. That should set the stage for further company guidance..perhaps selling strategic assets like Wetpaint and Choose Digital etc...
Sillerman investment vehicle just this week lent DDAy 50K additional from the secured line of credit....Sillerman must have faith in the assets and the game PLAN TO KEEP WRITING CHECKS.....BIG WEEK NEXT WEEK imo
It could be a model by which fantasy sports operates state by state...huge plus for gamers
something very positive is in the air
I like the fact that Draft Day gaming group is not part of assets that can be restricted by any debt by Sillerman..
up 119% today...
are working with state governments to work withing created regulation to operate. That is all states want..to regulate the games...they will be back and bigger than ever
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.
Accel partners and top tier venture capitalists built Wetpaint for over $40 million and Rant has a growing viewership. Together they will be a force in the digital media space. The combination will allow cost cutting and cross promotion etc.....DDAy will be a $4-$5 stock
It is acting better lately..although still no confidence in CEO etc...
They are very savvy and are partners with Sportech which has deep pockets and legal experts. Draftday will do fine.