sweet crude
4週前
Issued $10 PT
https://ludlowresearch.com/2025/02/ltry-coverage-initiated-eyes-10-target/
February 7, 2025
(NEW YORK)–Ludlow Research initiated coverage on Lottery.com Inc. (Nasdaq:LTRY), a leading technology company in digital lottery and sports entertainment, with a speculative price target of $10 per share.
Ludlow Research issued its first alert on LTRY on Thursday, Feb. 06 when the stock was trading around $0.90 per share. The stock closed that trading session at approximately $1.44, demonstrating strong upward momentum.
On Feb. 04, the company announced the launch of its international lottery operations to address growing global demand. This expansion is expected to generate new revenue streams by the end of March.
The company possesses two valuable assets in Lottery.com and Sports.com, which we estimate could conservatively be valued at $60 million each when compared to successful industry peers like FanDuel.
An additional factor to consider is that LTRY has no options traded against the stock, which institutions typically use to manage volatility in underlying common shares. Coupled with the possibility that LTRY may have been heavily shorted over the past two years, this creates potential for a major short squeeze event.
Given the company’s limited share count of only 12 million issued shares and a float of just 3 million shares, we believe the potential to reach $10, representing a $120 million valuation for this NASDAQ-listed gaming company, is within the realm of possibility.
InconvenientReality
5月前
It appears a Delaware corporation that is not in good standing eliminates corporate limited liability protection. As such, Board members and Directors may be held personally responsible for all company debt and liabilities. According to the State of Delaware Lottery.com, Inc., has been in bad standing since March 1, 2023 and owes close to $300,000 in past due taxes to Delaware. Thus, all debt and liabilities accrued by the company since then could be personally assigned.
As a shareholder and creditor of the company I take this newly disclosed information very seriously as it jeopardizes the company's legal ability to continue as a going concern. Lottery.com CEO needs to prepare a detailed statement showing all company debt accrued since March 1, 2023, as reported on SEC filings. Please total this amount of debt accrued by the company since March 1, 2023, including any debt not yet reported. Previous Board members who served on the Board after March 1, 2023, should also be notified.
It is beyond the pale that this Board has allowed the most basic of fees needed to preserve the company's core assets, and to allow the company to continue to exist as a going concern and as a legal entity, have been left by the wayside while that same Board has overseen the expenditure of millions of dollars for self-gain.
The Board and Management have clearly operated in an ongoing manner that is grossly negligent, and as a result of the lapse of the corporate protection due to the voided status in Delaware, it appears each Board member is now legally responsible for the company debts as well as personably liable for their individual and collective actions.
InconvenientReality
6月前
Interesting Lottery.com pump & dump, RI campaign and advertising piece Mr. McGahan is using to solicit investments is live on You Tube and has been viewed over 1,000 times to date.
It is noted that a "disclaimer" was recently added to the start of the video, which is an implicit acknowledgment by the company the advertisement was initially published in violation of the rules. However, the disclaimer - which is in very small print and impossible to read is clearly materially misleading.
Nowhere does Mr. McGahan mention the company is actually not licenses to sell any lottery tickets in the U.S., he does not mention the tremendous exposure of pending litigation (including fraud charges against him personally), he does not address the fact that the company is under investigation, etc. He also yammers about having a "family office" in London, when reports are it is a rented desk and has been banished from 18 Savile Row, London W1S 3PR, UK due to his inability to generate timely rent payments.
The rules about "advertising" are clear. I post them below again for your review. It is the opinion of many that this paid video is not in compliance with the rules noted below as they pertain to public companies