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Gfinity – disposal “significantly improves” financial position. Er, how ‘significantly’ so?…

By Steve Moore | Monday 27 November 2023


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


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?
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