Posted by gillispie on 5/31/2023 2:27:00 PM (view original):
i'm not sure if that 5-10m estimate was sarcasm or serious but if the latter, it would certainly fall into the extreme range of delusional.
there's also these things called expenses...
If the 5-10m you are referring to is the 6.7MM number from my first post, that's not delusional, that's a factual transaction that occurred last year. But as detailed in my first post, that was 6.7MM for all of SportsHub and for the reasons I noted in my post, I highly doubt management of the parent co of WIS would consider WIS to be worth 1/6 of that and probably even less.
100% agree though that "buying WIS" is alot more than just the purchase price. Would have to unbundle it from SportsHub platform (and other interrelated things like the debt SportsHub) which has a fair amount of costs in addition to the ongoing expenses. And frankly, if WiS was profitable enough to be worth that hassle, it's probably worth more than the 300-600K estimate I had (which I doubt).
That said, I continue to think if someone was actually interested and had the capital to do so, Sharplink (the parent co) would actively listen. They financial statements definitely indicate a company looking for transactions, especially for small subs that don't really fit their business model.