BET Discussion 2022

[This is Anfield]

What to do?……what to do?……..get some more today?…..wait for Monday?………because come tuesday, who knows what will happen!!!!

What to do.. get some more today? Haha i did. I guess we all bought our allocation in the 60c CR a few years back as we believed this company had a future.Look at what has happened since , and what is in thepipeline, to be able to buy in at these levels is just incredible. Go you good thing.

 

[TeddyFiles]

Just had my first offer to register with BetR to receive the launch sign up promotions

 

[comin2getme]

Just had my first offer to register with BetR to receive the launch sign up promotions

Got a link?

 

[TeddyFiles]

Got a link?

From a client rep for BetR. Would be on their client list.

No link or info at this stage.

 

[Ibetfixed]

Just had my first offer to register with BetR to receive the launch sign up promotions

Let us know what kind of deposit match they are offering… I will switch from laddies

 

[TeddyFiles]

Let us know what kind of deposit match they are offering… I will switch from laddies

We will all be coming on board I’m thinking. Turnover turnover

 

[Ibetfixed]

We will all be coming on board I’m thinking. Turnover turnover

Yes … especially as BetR are the first bookmaker that BET have a FULL service agreement with … Todd confirmed that in the questionnaire part of the last investor webinar . .. therefore the more money going through BetR books the better for BET

 

[Lattelarry]

I've started tracking the VWAP since it I think thats what they will be using for the price they are able to buy up to.
Yesterday was $0.3815 and today so far is $0.4025 - we just need to keep growing at this rate and hopefully we can be up another 50% in the not too distant future.

 

[Lattelarry]

how does it match up to what BET are recognising in their buy-back announcements?
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I'm not sure yet as I've only just started tracking but I expect it should match up - although I'm surprised that their numbers are so round - will be interesting to see - if it does match up then you will know what will hopefully become the lowest closing price - if they keep up the buying pressure.

 

[Lattelarry]

I think once we see the shares being consistently purchased above BET’s limit for the day will be a good sign.

So I guess the name of the game is to keep the price going up while purchasing the least amount of shares to conserve cash.

I think we will need good 4C/ preliminary results for FY22 for that to happen in a big way. Only a couple of weeks until we find out.

I wonder if their max today was $0.41 - it looked like it.

Also at what point do some more shorts capitulate - seems every day they don't close now they are losing money.

 

[Lattelarry]

Its funny how the system allows shorters to dump as much as they like when they like………but a company that is generating cash can‘t buy-back its shares when they want and however much they want!…….rules for some and a another set for the BEOT.

Yeah it would be interesting to know the reason why they can't buy what they want.
I'm hoping that once the 4C comes out we come on the radar for some more funds that can see the potential + the profit to be made by squeezing the shorters a bit.

 

[TeddyFiles]

Its funny how the system allows shorters to dump as much as they like when they like………but a company that is generating cash can‘t buy-back its shares when they want and however much they want!…….rules for some and a another set for the BEOT.

Yeah it’s a joke but we have to play by their rules unfortunately.

Nice couple of days. Let’s keep it rolling

 

[Ibetfixed]

Yeah it would be interesting to know the reason why they can't buy what they want.
I'm hoping that once the 4C comes out we come on the radar for some more funds that can see the potential + the profit to be made by squeezing the shorters a bit.

I would like to think that considering BET announced in the buy back announcement .. “that due to improving cash flows” is a strong indication that the 4C result is going to produce an operating profit for the quarter … and hopefully revenue has hit the $30mill mark .. fingers crossed

 

[Ibetfixed]

Its funny how the system allows shorters to dump as much as they like when they like………but a company that is generating cash can‘t buy-back its shares when they want and however much they want!…….rules for some and a another set for the BEOT.

I guess the only way that shorters can keep winning is if they continue to sell until BET buy up the 90mill odd shares that is max .
The flip side of that is that BET will then be able to wipe off 90mill shares from the register cheaply .

 

[Lattelarry]

Only 226,329 bought back yesterday - very good price movement for such a low number
They better hurry up if they want to get them cheaply!
This must have limited them too

 

[Lattelarry]

Larry, it‘s good to see that we closed above the highest price BET could buy-back shares for yesterday!

There was a lot of demand at $0.41 which I thought was the buyback - so good news that it wasn't!
Although the company grabbing as many as possible at these levels is good too.

 

[Ibetfixed]

There was a lot of demand at $0.41 which I thought was the buyback - so good news that it wasn't!
Although the company grabbing as many as possible at these levels is good too.

Comforting to know that BET can currently load up the buy side at 40.5c.. and they can can gradually move that buy order price as the price is increasing .. happy days

 

[Ibetfixed]

If shorters are smart they should be buying plenty back at just above the BET threshold ie 41c .. at least the hen they don’t have as much completion to close out there position .

I think you will start seeing that the total number of shares shorted starting come down weekly .

 

[Lattelarry]

If shorters are smart they should be buying plenty back at just above the BET threshold ie 41c .. at least the hen they don’t have as much completion to close out there position .

I think you will start seeing that the total number of shares shorted starting come down weekly .

That would be logical. I wonder if they will do it though

 

[Lattelarry]

The odds that each day is going to be higher than the last seem pretty high to me. Wonder who thinks it's a good idea to sell?

Also market down 1.5% but BET green!