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
The fact that they are going to roll up more digital media assets tells me they have more financial flexibility and can work towards monetizing the assets they own....
what are you talking about...your spewing nonsense
no idea who would be dumping stock at 30 cents after the stock was just at much higher prices with buyers....only shorts is my guess
large seller or sellers at 30 cents are being met with big buying
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
At least DraftDay gaming group seems to be doing very well.
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...
Maybe Sillerman is buying then selling then buying then selling......