🤦Promoters Aren’t Doing Their Job

Latest IPO struggles to gain traction [Image] Promoters have one job and one job only - increase stock awareness. The theory goes like this… more people aware = more buying = higher stock prices And despite The NFT Gaming Company, Inc. (NASDAQ: NFTG) gaining eyeballs from its February IPO and playing in a ????space, shares have cratered, dropping from the IPO opening print of $4.55 to less than $1.50 in just over a month. OUCH! [ZmEyWxpUJE4jS0C4Gg7VLiuoMO7m2WrpFwwBFyL903rG9VstHdwVfT4zmkxLSUG6wHrdprYFYbEODzmS1_A_LFLFIifaiUH_uNhXmWoHbiyd5sp7CLVH52iwzb5biaAmQj7AiyrK8AcpOKhFo02LXOU] I’m not one to pull punches when I think a stock is a hot piece of garbage. But this one doesn’t have any serious red flags that make it wholly different from other penny stocks out there. That’s just my take. See what you think… The NFT Gaming Company, Inc. (NASDAQ: NFTG) - 1-month trading range: $1.22 - $2.92 - Typical average daily volume: ~50,000 - Float: 9.4 million The NFT Gaming Company’s Business In a nutshell, NFTG is developing (not ‘developed) a digital gaming platform that will offer proprietary games and those created by third parties. Their vision is: …to develop, design, acquire, and manage conventional digital games and to combine them with novel methods, such as the ability to create and mint unique in-game features, such as skins, characters, weapons, gear, in the form of non-fungible tokens, or “NFTs,” that will allow users to have unique experiences and more control over ingame assets. The company plans to launch on the Polygon network, which it sees as similar to Ethereum, but with lower fees and faster transactions. Polygon uses MATIC tokens on its network. Pretty straightforward so far. It’s a yet-to-be-developed gaming platform that leverages NFTs. Initially, the company plans to launch its own proprietary games to attract users. Their goal is to monetize the following areas: - NFT in-game sales - NFT commissions - NFT royalties - Advertising and partnerships The company expects to launch its platform by Q3 of this year. [NI5ta-wmzD0FFiCChTtHRTlcwMxOiK9MK3O3rGl2SUJwGKiArb5e4_xN5SD9kq-NiIR85u_9Ci1mp1cwpRlxXV8su42IgNPT5j-IgImFTISZHLuXGW5A8nvmL9meJ-DFw0VKPZaOQ0oGPc5X2FOtPCg] [Source: NFTG Prospectus]( Financials The company’s initial public offering brought in $7 million, with shares offered at $4.15. In the prospectus, the company listed $978,000 in cash, down from $2.1 million the prior year as assets were effectively halved. And at the moment, it burns through $1.1 million annually. Promoter Activity We came across two promoters pushing the stock, both at different times. These were the notable catalysts they pointed out. - February 15, 2023, NFTG listed on the NASDAQ for trading. - High volatility - Hot sector (NFTs) - Experienced management team Quite honestly, this is lazy promoter. Just going to the company’s website yields several other news events including: - February 27 - NFT Gaming Company to attend the NVIDIA GTC AI Developer conference and joins the NVIDIA Developer program - March 6 - NFT Gaming Company acquires Voxpow Artificial Intelligence to integrate into its proprietary games - March 22 - NFT Gaming Company announces a $500,000 share repurchase program. We’ll forgive the most recent one, which came out the day I wrote this piece. However, it’s absurd that neither mentioned the Voxpow acquisition. There wasn’t a ton of information on the matter, but I found this bit interesting: Voxpow boasts AI-powered speech-recognition technology with natural language processing that recognizes more than 100 languages and variants. Other features include sentiment analysis and a variety of other web-based integrations. I don’t know about you, but that’s a pretty important development. So, how much did these promoters get paid to do a mediocre job? One received $22,500 for a campaign from 2/21-2/22, so we can’t hold it against them for missing the March 6 news. The other got $10,000 for a period starting on 3/20 through at least 3/22. Straight to the Facts Given the rapid share price decline, there’s a good chance a rebound is coming in the near future. The stock has a relatively small float and likely a lot of short interest built in. So keep this one on your radar because any decent promoter that gets ahold of this ticker should be able to generate interest. Always at your service, Baron Von Stocks Want these Awareness Alerts faster? Text STOCK to 888-302-2141 Disclaimer: Always do your own research and consult with a licensed investment professional before investing. 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