Fedel
5 months ago
Oh, and don't forget that 2,000,000 shares were recently unlocked, after which sales began. I suspect that someone got these shares for services at a minimal price. And now they want to sell them, they don't care what the company is worth, they need to pay the bills. As soon as the seller with 2,000,000 shares ends, the price will return to $0.15-$0.20, and then we wait for positive news and access to the NYSE or NASDAQ.
In the 10-Q report, which will be released in 1 month, we will be able to see who was released these shares.
Candy Man6
8 months ago
I was very happy to find that the Irish license has been approved for a while and now, as of October 8th, there is an Irish Swifty Website that is operational and taking bets.
I can't find any other Swifty website that is operational and taking bets, as a couple of them are touted as coming soon (a UK based website and a dotcom website). It is my understanding that the Curacao licensed swiftygaming.com website is no longer operational for a few months now, and now belongs to a company called YAO Entertainment. This means that there is only one website operational and taking bets, the one in Ireland, and only two active licenses, those being Ireland and the UK, but the UK has no website. There is no active Curacao license or website. South Africa has acquired a license, but has no active website to take bets and the Maltese license has not been secured at all, as of yet, nor are there any other licenses or websites to support East African nations. I'm a little worried as we are nearing the end of 2024, in terms of what was promised from your 10k quote, as well as, the recent missed opportunity with SGN and a subsequent uplist. Maybe, like most other gaming companies, Swifty can uplist via SPAC or IPO. Thanks for the information about the name change. I'm interested to see the third quarter results despite the Curacao situation.
AgInAustin
8 months ago
From the latest 10K:
"SWIFTY also holds UK, Irish and Curacao gambling licenses, with South African and Malta licenses pending for active gaming in those jurisdictions and in 2023 SWIFTY acquired the rights to some East African licenses which SWIFTY intends to develop in the second half of 2024 through mobile money and SWIFTY betting technology."
And as you said, Ireland is now apparently approved.
As far as name change, they won't have to worry about that with the merger/uplist that they are doing. FINRA controls that for OTC, but not for NYSE to the best of my knowledge.
tedpeele
9 months ago
The SGN filing shows the terms of this deal, and if Iโm reading it correctly, all of the preferred are going to convert.
They may have some plan to lock those up, but if they donโt, that would seem to mean drcr shareholders will be diluted In a way that seems incredible. I hope thatโs really not the case. I reached out to the company and got no answer. For this reason, I sold the rest of my shares. Wish you the best.