PokerStar
2 months ago
It's all in the last filings Gary. The MeridianBet owners that merged, now own roughly 80% of the company. And because of those almost 122 million shares they own, along with the remaining roughly 22 million shares owned by the rest of the board, including Brian's shares, and also the free trading shares, that shareholders own, our market cap is almost $300 million dollars. Until the new quarterly filings come out to show our actual revenues, even though MeridianBet was supposedly over 100 million per year along with GMGI's 40 million annual revenues, no wonder this thing is stuck around $2 bucks. We are already trading at a 2x multiplier based on sales. Some gambling stocks trade in the neighborhood of 5-10x multipliers, but those are the big boys. Most are still losing piles of money, but their revenues are in the Billions annually. I hope this helps... but read the filings. All this info is in there.
PokerStar