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Got a few DMs about $SCR.to $TSCRF (now $TSCRD) so I’ll explain. Yesterday was the 2nd reading in Canada. This passed. There is a third reading and then approval by the senate. These are mere formalities. The process is in motion and single-event betting will commence this year.
The reverse split is *usually* a bearish sign (as companies typically do this to stay out of “penny stock” status (which can’t be bought and sold through some funds as a result) and because some exchanges require you to have a stock price minimum to stay in their exchange.
In The Score’s case however, it was so that they meet the minimum requirements to be listed on a US exchange. If you had 10000 shares before at $5, you now have 1000 shares at $50. There is no difference to the value of your investment. By listing on a proper US exchange, as...
Opposed to being on the OTC, you open yourself up to more investors. For instance, Robinhooders can’t trade OTC stock nor Canadian exchange stocks to my knowledge. It’s no different than selling your brand of chips at a single convenience store vs doing so at ever Costco. More...
Liquidity means a better chance of a stock spike. More shareholders provided stability (more often than not). Also allows for coverage by analysts which again, brings attention to the stock. $PENN gaming has a stake in $TSCRD $SCR.to. The sector is on fire, and rightfully so..
As more and more states legalize sports and online gambling, along with the entire country of Canada. This is similar to MJ stocks, as you are now capturing the previously illegal “grey market” of gambling which is estimated to be 15B in Canada alone. This is why things are just
Starting in Canada. The demand is already there, now it will just be easier for people to divert their bets to a “legal” entity, such as The Score. Aside from having one of, if not THE easiest platform to place sport bets, it is the most recognizable name in the country. It would
Be hard to find any sports-loving smart-phone owning 19-45 year old who didn’t have the app installed on their phone, or following their Instagram page with over 1.9 million followers. The valuation has now changed entirely. Revenues will certainly jump yearly over the next 5 yrs
The platform is done. The target audience is ready. The start of legalized single-event sports betting is upon is here in Canada, and they even continue to grow in the US. This is why I’m so excited about The Score. We are only in the first inning.
