Most recently on Gfinity (GFIN), in May with the shares up to 0.07p I wrote “pleased to provide” ‘Corporate update’, attempted ramptastic?, concluding including that I retained cash concerns caution and to avoid/sell. The shares were most recently 0.06p and what of now a “Proposed Fundraising” announcement and the shares currently at 0.05p?
Gfinity (GFIN) has issued a “Corporate update” commencing that it “is pleased to provide an update on the company's progress in the deployment of its exclusive licence agreement with 0M Technology Solutions Ltd to commercialise 0M's advanced artificial intelligence technology, Connected IQ… and the formation of a new venture, Yentra.AI”. Hmmm, it with financials details or ramptastic?
Now digital media-focused, Gfinity plc (GFIN) states “pleasure in presenting our annual accounts for the financial year ended 30 June 2024” – so late and followed by “it has been a difficult year for the company”! What of a current approx. 17% lower share price to 0.062p?
There’s an announcement from Gfinity (GFIN) detailing a 200 million shares subscription by Chief Executive David Halley and what of the shares currently soaring more than 50% higher?
An intra-day (Uh oh!) “Trading update and funding” announcement from ‘digital media’ business Gfinity (GFIN) – and what of the shares currently at 0.02p in response?
Previously writing on Gfinity (GFIN), with the shares down to 0.06p in November I questioned how ‘significantly’ a disposal improved its financial position. The shares had since fallen further, to most recently 0.0325p, but what about them currently back above 0.05p on results for the company’s half-year ended 31st December 2023?
Gfinity (GFIN) has announced that it has sold its remaining 27.5% esports technology business interest to Tourbillon Group, including as the transaction “significantly improves Gfinity's financial position and establishes a stronger base to implement its new plans and reach a turnaround position”. How ‘significantly’ so?
Gfinity (GFIN) “is pleased to announce that the company has today conditionally raised £450,000… at a price of 0.06 pence per new ordinary share… The recently announced restructuring has allowed the company to focus on its digital media business, Gfinity Digital Media, which has a significant position in the Gamer website industry”. How ‘pleasing’ does this focus and equity raise look for investors?
Previously writing on company then describing itself as “a world leading esports solutions provider” Gfinity (GFIN), in February with the shares down to 0.16p I noted hopefully my prior warnings were heeded as here’s the (significantly discounted, natch) bailout equity raise, concluding still cautiously as this business doesn’t tend to go to plan. So what of now a “Disposal and Business Update” announcement?
Last week I noted on company which describes itself as “a world leading esports solutions provider” Gfinity (GFIN) that ‘I was correct to be very wary of previously-stated commercial agreement ‘delight’... now bailout equity raise discussions’ as the shares fell to 0.25p. Now the company “is pleased to announce that it has conditionally raised £2 million (before expenses) in an upsized placing and subscription”. Good news then?
Previously writing on company describing itself as a “leading esports solutions provider” Gfinity (GFIN), last month with the shares up to 0.545p I cautioned ‘commercial agreement ‘delight’. Attempted ramptastic?’. Now an intra-day (uh oh!) “Business update and financing” announcement.
Describing itself as “a world leading esports and gaming solutions provider” Gfinity (GFIN) is “delighted” with a “commercial agreement with leading global mobile game operator, Playgendary”. With the shares currently up approaching 4% to 0.545p in response, how ‘delighted’ should it be?
Previously writing on company which describes itself as “a world-leading esports technology and media business” Gfinity (GFIN), in March with the shares at 1.425p I noted interims, the equity raise “for working capital purposes”?, concluding continue to avoid. Now it announces results for its year ended 30th June 2022 headlined “Continued progress on path to profitability”. Why announce the results now, at prime no one watching o’clock, then?
Just over two weeks ago Gfinity (GFIN) announced a £2.7 million equity raise “for working capital purposes”. I questioned a “world leading esports solutions provider” requiring £2.7 million... and so what about now-announced results for its half-year ended 31st December 2021?...
