Mr. Plummer, It all ties to the revenues of TISS and Interbet. But at 4% on transactions, $100,000 fees per site and 70% to 90% profitability AND low float, I see plenty of speculation on the growth potential of this driving the price to whatever the market will bear. The 300 X earnings on Amazon.com is so far out of whack because of the perception in the growth and assumed profitability of on line commerce with books. Even though we have heard before that a 25 to 1 ratio exists for categories like this, to be fair to WINR, there IS no other stock like this to compare that ratio. And it will be a combination of the ratio, growth projections, and current revenues that will really drive this in my opinion.
With most stocks, rumors of a "deal" fuel the price pretty close to what the deal price is expected to be. Once the deal is done, the price falls a bit because that's it. That's the end of the story. . In this case, the "deal" is a great unknown and is just the beginning of the story. How many sites, how much money, projected growth, etc. are all unknowns right now. Once real numbers start to get out, then we'll see what the market thinks about WINR.
Tomorrow will be another very interesting day!
Let's go TISS! Get those babies up and running!
Tom F. |
