There's constant chatter on these boards about how this site could be run better. Well for the first time, we have *little* bit of insight into the value of the company. As a quick bit of recent history of WIS, the site was acquired a few years back by the company SportsHub. Recently, SportsHub was acquired by the public gambling company SharpLink. The interesting thing about that is since SharpLink is public, we get alittle bit of information about SportsHub in SharpLink's public filing (included below). Specifically, SportsHub (i.e. all of their products including WIS) was valued at 6.7MM when it was acquired. Additionally, when they describe the transaction they list the various SportsHub brands, listing WIS as the 5th of 6 offerings. There's no hard and fast rule about how these bullets are listed, but *generally* they would be listed in rough order of value. So what could you buy WIS for? Certainly less than 6.7MM. I think it's fairly safe to assume guess that its no more than 1/6 of the value (1.1MM). After that it's pure speculation, but if I had to wager a guess on the little information we have, I'd say it's value is somewhere in the 300-600K range. If anyone is motivated to take control and has the capital to do so, here's a data point for you.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1025561/000165495423004409/sbet_10k.htm
4/20/2023 10:20 AM (edited)