お知らせ • Mar 13
Contagious Gaming Inc., Annual General Meeting, May 28, 2024 Contagious Gaming Inc., Annual General Meeting, May 28, 2024. New Risk • Mar 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 100% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$222k free cash flow). Share price has been highly volatile over the past 3 months (182% average daily change). Negative equity (-CA$2.4m). Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€320.3k market cap, or US$349.0k). New Risk • Feb 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 100% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$242k free cash flow). Share price has been highly volatile over the past 3 months (178% average daily change). Negative equity (-CA$2.3m). Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€650.3k market cap, or US$696.1k). Recent Insider Transactions • Mar 09
Director recently sold €112k worth of stock On the 5th of March, Justin Barragan sold around 2m shares on-market at roughly €0.061 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €112k more than they bought in the last 12 months.