#1
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Go long on CYOS? Poker stock.
Okay CYOS = Cyop Systems traded on the OTC BB
First of all, this a volatile stock, with a lot of risk, which Im willing to accept because Im investing a small amount, about $500. These guys do tenseatpoker.com and from what I understand their software is also on www.skillarcade.com They have play and real money. The software is at redfelt.com and they also have a chinese site at crediplay.cn They had a lot of news recently: 250k play money subscribers, opening bingo software on sina chinese website. The company says, "The Company is moving from that of only software development to one that is working to build revenues in this exciting juncture of our Company's history." They are not getting much revenue at all now, but they are not in that much debt either. There are a lot of bad things with this company that I could go into, but they seem to be doing a decent enough job that if they get popular they will earn a lot of revenue. I especially like that they are going after some untapped markets in what is becoming a crowded arena. So the question is, go long at this price and hold for a year or two, or wait a year to see if it has either gone bankrupt or started generating revenue to decide? |
#2
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Re: Go long on CYOS? Poker stock.
[ QUOTE ]
First of all, this a volatile stock, with a lot of risk, which Im willing to accept because Im investing a small amount, about $500. [/ QUOTE ] You would do better to put that $500 into your poker bankroll [img]/images/graemlins/wink.gif[/img] [ QUOTE ] They are not getting much revenue at all now, but they are not in that much debt either. [/ QUOTE ] 330 MILLION shares outstanding... Revenue last quarter 3 THOUSAND... Bleeding cash like crazy... Debt 2 MILLION+ mostly to insiders at favorable terms. Latest quarterly filing, here... http://yahoo.brand.edgar-online.com/...01873&nad= |
#3
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Re: Go long on CYOS? Poker stock.
Thanks Sniper. You are probably right, so
I am going to read through the EDGAR report and keep looking for something less risky. But I would like to point out that 330 million shares does not amount to much, the stock price is at .04 so thats about 13 million dollars. |
#4
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Re: Go long on CYOS? Poker stock.
[ QUOTE ]
But I would like to point out that 330 million shares does not amount to much, the stock price is at .04 so thats about 13 million dollars. [/ QUOTE ] The importance of number of shares wasn't a statement about market cap... this stock is clearly way overvalued. The number of shares is also likely to increase, as they continue to use it as a form of payment. |
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