@nitininvests@cynicitycottier The situation surrounding Mike Zoi is also interesting for another reason: so far, his Class B shares have prevented a 20% dilution (warrants issued in July 2024 with pending approval). If he loses his controlling stake, the dilution will likely Happen (950,000 shares at $2.17)
@dogwatercap Maybe also the credite line and the implications for the use of the cash: development of new games with unclear ROIC. And on the surface $MSMG just looks like another gaming shit co.
I am invested and i think we are at just at the very beginning of the discovery process.
@nitininvests The new credit line does have favorable terms, but it should not be necessary given the expected cash flow +funding partner. The fact that the credit line was agreed upon nonetheless makes me skeptical.
@nitininvests Is the sell-off based on uncertainty regarding future capital allocation? I am invested, but my biggest fear is empire building instead of good capital allocation.
@TheAppInvestor@AdmiralRisky@ReneSellmann@CCM_Brett First success for the activist: The CEO is stepping back and the incentives are getting way better. But it seems, nobody cares (except me). Friday market reaction for $GRVY : -0,5%
https://t.co/28BGfUd4M7