The way I’m reading it, if the tombstone indicates a forthcoming formal announcement, and GME absorbs RC Ventures and their 9,000,000 shares with a street value of $2B+, then GameStop the company has a huge injection of capital (? Unsure if that’s what it would be called) to greatly facilitate their strategy.
This will give institutional investors strong confidence in the company’s ability to execute, increasing institutional interest in acquiring GME stock.
The press will take note, raising visibility of the company without so much of the meme aspect being front and centre.
This visibility may in turn draw in more retail interest and possibly act as the incentive needed for many people currently sitting on the fence about investing.
Sound financials, new institutional interest, more retail investors. All generating demand for stock.
Demand raises stock price, which we’ve seen before. But normally, there’s a strong push to lower the stock price before end of day and end of week, which is successful because it can’t quickly be countered by the steady but relatively weak upward pressure from retail investors.
But if institutional investors jump on board, that downward pressure becomes easy to overcome.
And without successful downward pressure…..
Sportemon Go is up 130% on news that they have partnered with Mark Cuban affiliated company World 1 League 🔥 In addition to announcing 2 new Metaverse games, DeF1 car racing and MetaRaceWorld dog racing that will include NFT breeding, staking, and community owned race tracks
Hey everyone,
I'm not sure if this is the appropriate sub for this, but it seemed like a good place to start.
A friend of mine is looking into purchasing an existing steel company he has been working for. They build steel buildings, warehouses, barrel houses, etc. The company's top line is around 1.2 million and bottom line is around 380,000. It's definitely a small business but the margins seem good. The seller wants 650k for the company. My friend wants 100k in operating money. With the purchase, the seller is offering one year of consulting at 5 hours per week, about 170k in assets, trucks, etc., and the company name. The seller owns the property but will not be selling the property, rather renting it to the buyer. Employees have agreed to stay with the sale. To me, this seems like a good buy.
He has some money set aside, but not a ton. He's only made 40k a year working for this place so it's been hard for him to save.
The core is this. He's wanting to get a 600k SBA loan in his name and he's wanting me to put up the 20% down payment of 150k. I'd be a silent partner with 20% ownership. I have the money and if it goes belly up, I'll be ok. He'd be the managing partner. Everything I gather is that since I'm a silent partner, I'm just considered an investor and am not liable for any debts other than my 150k at risk investment. Is this true? Is this a good buy?
Having only roughly ran through the PL statements for the past few years, if things stay on track, I should expect to receive 76,000 a year before taxes, which sounds awesome on a 150k investment. It's worth noting that I believe in the company and trust the managing partner (my friend). He should receive roughly 304k of the bottom line to pay the sba loan and his taxes.
https://torontosun.com/news/world/trumps-social-media-venture-partners-with-canadas-rumble-inc
https://preview.redd.it/y93e1vij7q581.png?width=589&format=png&auto=webp&s=518dfe6ccdc4c4f636b0c69b580fb0e5ff5dae1e
