Hang in there PitBoss. I would expect news in the coming weeks, not too much longer, which might give this a nice boost.
Also, if I might suggest, you might want to take a look at Chimera this time of year?? And I know, poor communication for most of the year, but this is the time of the year when they will typically begin to communicate. As important, with 10+ websites, many of them with a year or more in operation and assuming NO NEW websites added since early May when they last communicated something, I have to believe they have expanded on their positive cashflow of last year. Plus, looking at last year-end financial statements, it seems to back up the notion that Poker revenue was expanding quickly then. Now that they have had a full year of revenue from Poker, what has that done for the bottomline? The other piece of info that I have thought about was Agora's comments in August that Chimera still could not comment because the SEC was still doing their due diligence. Is that true? Will they really announce that they have upgraded to the OTCBB and/or the AIM? Not sure of course, but they way I look at it, I am NOT banking on that (for now anyway) and STILL if they say ANYTHING at all about good revenues/expanding revenues, etc. this stock could once again fly into January/February at the least. The reason is, and I say this with NO humor, Chimera is currently being priced like it does not exist! This from the company that owns all of the technology, owns 5 million of Pegasus shares, gets a piece of all of THEIR revenue as well as a piece of all of PGGG's licensees (sub-licensees to Chimera), gets set-up fees, runs the back-end of all of this, etc etc...And seeing Pegasus announce new licensees over these past couple of months reinforces that CHIMERA is bringing on new clients, at the very least for Pegasus. (Of course I am naturally hoping they have brought on a few more of their own in places like Asia over the past 6-7 months, but if you see what I mean??).
Obviously I do not mean to suggest that lack of communication is ever good...and the stock price has slid to this level for that reason. So what is my bottom line point PitBoss?? It is this: What do you believe the upside is for Pegasus over the next couple of months? Might be good, as soon as they talk more about revenues, etc. Put that assessment next to Chimera, again assuming they do as they have always done this time of year and begin to talk about their progress, and what you might see is that Chimera has the far better upside based principally on the fact that they are being priced as though they do not exist!! Is a move of 10-15X current price unreasonable? I personally don't think so.
Risk? You bet, but is there not risk with Pegasus as well? And again, the market seems to have discounted Chimera as though it's fortunes had nothing to do with Pegasus'......
For your consideration.
