Dear Cashmere Holding Company (PK) (DRCR) 銘柄情報

I've been bag holding this junk for 3 years now. I should have been trading it all along, like the others. I thought there was potential here. I suppose, like all OTC stocks, long holds don't produce desirable results. I was initially hopeful but now the truth is in front of me. I'll most likely be selling my holding very soon at a loss, before this finds its way back down to ATLs. I may buy back in once we hit ATL's. GLTA

I'm getting sick of this stock and all the false promises and missed deadlines. What's going on with the SGN deal? I need a 200% gain just to break even. This hasn't done much in two years now. It can't hold gains for any period of time. I hate to think what happens if this deal falls apart.

DRCR was supposed to officially uplist some time in Mid-October, which was pushed to the end of October and then subsequently to November 22, 2024, so within the next 3 days. Does anyone know what is causing the delays?

I was very happy to find that the Irish license has been approved for a while and now, as of October 8th, there is an Irish Swifty Website that is operational and taking bets.
I can't find any other Swifty website that is operational and taking bets, as a couple of them are touted as coming soon (a UK based website and a dotcom website). It is my understanding that the Curacao licensed swiftygaming.com website is no longer operational for a few months now, and now belongs to a company called YAO Entertainment. This means that there is only one website operational and taking bets, the one in Ireland, and only two active licenses, those being Ireland and the UK, but the UK has no website. There is no active Curacao license or website. South Africa has acquired a license, but has no active website to take bets and the Maltese license has not been secured at all, as of yet, nor are there any other licenses or websites to support East African nations. I'm a little worried as we are nearing the end of 2024, in terms of what was promised from your 10k quote, as well as, the recent missed opportunity with SGN and a subsequent uplist. Maybe, like most other gaming companies, Swifty can uplist via SPAC or IPO. Thanks for the information about the name change. I'm interested to see the third quarter results despite the Curacao situation.

From the latest 10K:
"SWIFTY also holds UK, Irish and Curacao gambling licenses, with South African and Malta licenses pending for active gaming in those jurisdictions and in 2023 SWIFTY acquired the rights to some East African licenses which SWIFTY intends to develop in the second half of 2024 through mobile money and SWIFTY betting technology."

And as you said, Ireland is now apparently approved.

As far as name change, they won't have to worry about that with the merger/uplist that they are doing. FINRA controls that for OTC, but not for NYSE to the best of my knowledge.

Does anyone know why this company hasn't changed it name or uplisted in the last 3 years? It looks like they have given up on any name change on Silverflume Nevada.
Does anyone know which countries that Swifty operates in and actually has active betting websites, beside the newly launched Irish website that came on-line 2 weeks ago?

You are right.I went to their betting site for Ireland and is something someone can buy for a few thousand dollars and set up shop in days.
I always thought they had something special incorporating predictions and analysis within their betting site.
I can't see how a website of which there are thousands basically identical around the world in what it offers can ever achieve big success

They have absolutely no advantage or do anything special, nor do they have any brand awareness. The Predictions App doesn't appear to have broken into the 1,000's of downloads, since it's still being measured as 100+ downloads. They have a scant social media presence and do not appear to spend any money on marketing. Do you follow this ticker on Stocktwits? Some interesting information and debate there as well.

I tried to download from both UK and Ireland without success.
I left both countries last week.Don't know if I could do it with VPN but I doubt it.
The reason I have been trying to download it is that from some promotions I saw
and what they have been saying, it looks different than other sportsbooks giving
predictions too.That looked odd from the start since you are either a bookmaker or
you give predictions to beat the bookmaker.
So if you say it is a sportsbook like handreds around the world, what advantage do they plan to have over others?

What are you trying to download?
Have you tried swiftysports.ie yet? It went live yesterday.
How did you even hear about Swifty?
There is nothing unique about their gambling website, it looks like the 50,000 other ones.

So from Manchester airport I was not allowed to download it.Using VPN again not allowed.I guess Apple Store knows from my account that my device is not UK based.
(I didn’t do my homework to see that only in UK it is available yet.)

No luck.I cannot download it.Obviously they haven’t started taking bets here yet.

Has anybody else tested their software by the way?Because if it is nothing special the competition is so unbelievably huge in every country that their prospects wil be bad anyway dilution or no dilution.

I’m going to Ireland today.I will check their software because I think they are already operating there.
I will see if it has any potential in my opinion of course.
And basically for investing post acquisition or SGN.DRCR is too risky because of the 50M preferred shares.

Arguments against DRCR converting the preferred of James and Nick
1) They need a strong share price in order to make the acquisitions that James is currently out hunting
2) James said that a majority would not convert
3) ILUS has 10 M shares of common DRCR stock. Do we really think that Nick is going to let those shares be devalued by excessive conversions? No chance. He needs those shares to be valuable so that he can use them as collateral for $ILUS.

Let me know if you can see other arguments

So, with that being the case, we have a valuation of $156M being assigned to DRCR. That works out to $2.90 per DRCR share. If I'm off by a factor of 2. No big deal. DRCR is trading at 0.075. The upside could be huge.

🐂 💰

This is going to the dumps like ilus and the rest of the conglomerates.

Shareholder value is a high priority for him so I'm not worried. But clarity would help the stock price. I've bought some down here and it should pay off well.

thanks for that invite. I see the comment. People are hoping a 1:1 or maybe 1:2 conversion but he said 'majority' which means it could be as high as 1:49 .. wish he would say more clearly to make the uncertainty go away. This was a really fast fall, but I had to cut my losses with the ongoing uncertainty. I'll be back if he puts out a letter giving numbers closer to the 1:2..thanks again..hope it works out for you

https://discord.gg/fsCp42RB

DRCR discord.

thanks - what is 'a discord'? It's great if he has said this - where can I find that?

Yes, I suspect that language has caused the decline. James in a discord said "Shareholder value has always and will always be our priority. Majority of Nick and my stock will remain as convertible preferred in SGN as well."

DRCR gets 19.99% of common in SGN. The rest are convertible preferred. We know that they will convert to gain control of SGN. My guess is that they will just convert some and the rest will remain as preferred. I think they will address this as I do believe that the fully diluted language has caused the decline.

I wish you the best. I"m not sure where/when he said that but the terms say this:
SGN will acquire from the Sellers and the Additional Sellers shares of common stock and preferred stock of DRCR constituting at least 95% and up to 99% of the issued and outstanding shares of DRCR’s share capital on a fully diluted and as-converted (to common stock) basis (the “Purchased Shares”),
https://www.otcmarkets.com/filing/html?id=17844691&guid=4uL-kHkNOzCsB3h#ea021505701ex10-1_signing_htm
I may be misunderstanding this, and perhaps there is room for a lockup of shares or conversion back to preferred after the deal takes place.

James has said that most of the preferred will not convert. They need a valuable stock so that they can use that for acquisitions. James has been remarkably reliable and can be trusted.

The deal is very similar to the QIND/ASNS deal. In that case QIND has no preferred shares at all. So. clearly the are uplisting with the idea of making QIND stock valuable. It is the same with DRCR/SGN. We don't have to worry about preferred conversions.

The SGN filing shows the terms of this deal, and if I’m reading it correctly, all of the preferred are going to convert.

They may have some plan to lock those up, but if they don’t, that would seem to mean drcr shareholders will be diluted In a way that seems incredible. I hope that’s really not the case. I reached out to the company and got no answer. For this reason, I sold the rest of my shares. Wish you the best.

It feels like DRCR is being watered down at these prices. Perhaps they need money for a merger? Or ? I don't see any other explanation. This is a normal pattern. Issue a press release and then sell it 60% down, show that it is cheap and then sell and sell. But the company is strong. Everyone needs money. It's worse if the company has been sucking money from investors for years. DRCR for 3 years is minimal dilution. Revenues of $128 million, and a strong CEO who will achieve his heights!

The 2 founders issued themselves almost all the Preferred shares authorized of 50 million convertible at 1:100.Even if they were to convert 20% of those there would be 1billion O/S.
Some people still believe this stock was ‘extremely undervalued’.It was not because everything is there in the last annual report.Unless someone believes that the fully diluted number of 5billion is for whatever reason irrelevant.

There is no mention of R/S or filing that says an R/S. IMO, after all is done, this will be a $2 - $3 stock.

the question is how much of that value goes to us or to the top guys ... hopefully they do the right thing...

They key thing is that DRCR was given a $156M valuation. That's huge and given that the current MC is $4.4M it indicates that DRCR is massively undervalued even if there is some concern about the preferred shares. The valuation not only serves to set the split of shares between the two companies, it serves as a target MC. These valuations are shared in the investment roadshows that they do and they get buy-in from these firms. They usually have a loose commitment to invest which should drive the post merger MC to the sum of these valuations. Seems like easy money to me. I am very bullish.

rebound time - so we now have some indication that fears about an rm were behind the recent drop.

I thought maybe it was fears about dilution. Seems to me there could be in place a plan to set up preferred shares under the new company similarly to the current situation after converting everything over.

This appears to be a real company with big plans for expansion. We will see.

..

You sure about that? Is there some requirement than a company being acquired on a higher exchange meet the exchange requirements to be listed when the acquiring company is already listed? Sounds a bit odd as it seems to me the concern should only be whether the new company continues to meet the requirements.

There has been no rm filing for DRCR, but SGN has one because they are under $1 - no surprise there, though they could remove it if the market likes this arrangement enough to push the price over $1.

Curious if/when the market may rebound here.

The dilution question is my concern. So far no response from the company.

.

Reverse split coming for listing on NYSE. That's why we all sold. Plus $SGN will have to reverse split too. So $DRCR shareholders will get less shares.

Remember you need to be listed at a minimum of $1.00

IF there is no deal I am not worried short term since dilution hasn't happened to any degree in 3 years.

The email was more about what happens with the deal re possible dilution.

..

Let’s see if and what they will answer.
Looks like SGN is a safer bet for modest profits at the moment in case that 5billion number
materializes, because it would then mean 2-3c valuation for this stock.

Thanks for pointing that out. Sent email - doesn't add up.

Have a look at the last 10-K

https://www.otcmarkets.com/otcapi/company/financial-report/397140/content

Diluted there are 5,050,716,914 shares.Do you think the owners will gift the shareholders and SGN their company?

here's what it looks like to me:

I'm not sure where you are getting the 750m. currently 500m AS x .14 is $70m valued on fully diluted but again, there has been very little dilution in the last 3 years.

If no deal happens the estimated value of $156m would equate to roughly $3 a share currently. That estimate appears valid: The industry avg PS ratio for gambling companies is 1.46 so given Swifty's impressive $128m annual revenue - $156m is not too far off. Way way more than the current valuation of only $8m https://www.google.com/search?q=industry+average+PS+ratio+for+gambling+software+companies&oq=industry+average+PS+ratio+for+gambling+software+companies&gs_lcrp=EgZjaHJvbWUyBggAEEUYOTIKCAEQABiABBiiBDIKCAIQABiiBBiJBTIKCAMQABiiBBiJBdIBCTExMzU5ajFqMagCALACAQ&sourceid=chrome&ie=UTF-8


If the deal goes through everything changes. I'm not real familiar with how these things work but will give it a shot. Please correct anything you see that is wrong:

The DRCR shareholders are supposed to own roughly 92% of SGN in the end.
It seems that would mean SGN OS goes from roughly 17m to 17/.08 = roughly 212m shares over time after the preferred shares given to DRCR shareholders convert to common.

Since it is an all equity deal the value to DRCR shareholders will depend on the market. Being on NYSE should enable a fairer market valuation for DRCR shareholders than what they've gotten on the OTC so far. The combined estimated value of $170m would be a SGN price of .80 That's way up from the pre-announcement SGN price of .114 and still markedly higher than today's .24

This could be a monster company in the making. From the PR: Swifty is a rapidly expanding technology company gaining momentum in the online sports betting and casino sector. Swifty has experienced exponential growth over the past two years, achieving a turnover of over $128 million in 2023. Swifty is now expecting to triple its profits over the next 2 years by focusing on the licensing of its gaming software to Tier 2 and Tier 3 online gaming and casino operators. This will be on a revenue share basis, allowing profitable exponential growth, minimal cash demand and minimized risk. This licensing model is strategically aligned with the Signing Day product offering and strategy, where Signing Day operates as technology platform in the sports sector offering aspiring sports people seeking to be identified and contracted to major sports leagues and colleges.

More info: https://media.swifty.global/drcr-swifty-global-shareholder-update-2023-24.pdf

It is with great pleasure that we present to you the Swifty Global Shareholder Report for
2023/2024. This past year has been a significant one for Swifty Global, marked by substantial
growth, strategic expansions, and the laying of foundations for future success in the online
sports betting and gaming industry. Our vision to become a global leader in this sector is
being realized through our commitment to responsible gambling and a clear, four-pillar
strategy that focuses on maximizing profitable growth in our core markets, expanding our
global footprint, achieving podium positions in regulated markets, and enhancing our B2B
offering.

Industry Overview

The online betting and gaming sector continues to thrive, now valued at an impressive $100
billion industry globally. This growth is fueled by a worldwide demand for engaging, and
innovative betting experiences. Swifty Global stands at the forefront of meeting this demand,
offering a diverse range of betting and gaming options that are designed to attract, engage,
and retain audiences worldwide.

Strategic Differentiation

What sets Swifty Global apart in this competitive landscape is our unique combination of
strengths:

Expert Management Team: Our leadership boasts over 100 years of combined experience in
betting, public markets, technology, compliance, and operations, positioning us to navigate
the complexities of the global market with precision.

In-House Technology: By developing our technology in-house, we significantly reduce
operational costs, enhancing our competitiveness and profitability.

Provider Agnosticism: Our flexible approach to feed providers ensures we offer the best odds
and experiences for our customers.

Comprehensive Offerings: Supporting all major sporting events and providing over 2000
casino games, we cater to a wide array of customer preferences and interests.

Strategic Operating Partnerships: Our key partnerships in Ireland and South Africa, with more
on the horizon, underscore our commitment to global expansion and collaboration.


Achievements in 2023
This year has been marked by several major milestones:

Revenue Growth: We successfully grew our revenues to over $100 million, a testament to our
compelling product offerings and market strategies.

Expansion of Offerings: With the addition of 2000+ casino games, we've broadened our
appeal to a diverse audience.

Corporate Developments: Application and is pending for the name and ticker change, setting
the stage for uplisting onto a major board.

Market Expansion: The soft launch of our platform in Canada and the re-certification of our
B2B platform with GLI for the UK and Europe have been essential in our growth strategy.
Regulatory Compliance: B2B platform has been certified for UK and EU use and in the final
stages of the SANS 1718 certification to enter the $828M South African market.

Looking Forward to 2024
The year ahead is filled with promising opportunities:

Enhanced Accessibility: We plan to introduce multilingual and multicurrency options to cater
to a wider global audience.
\
Revenue Targets: Aiming to increase our revenues to $150 million, reflecting our continued
growth trajectory.

B2B Platform Expansion: With GLI and SANS 1718 certification, we plan to onboard
numerous companies onto our B2B/Whitelabel platform and launch services in EU and Africa,
further expanding our global footprint.

Conclusion

Swifty Global is on a robust growth path, fueled by strategic initiatives, a commitment to
innovation, and a clear vision for the future. We thank our shareholders for their continued
support and look forward to sharing our successes as we move forward, together shaping the
future of online sports betting and gamin

Thanks, The OS has barely changed in the last three years from the 50 million. So from what I’m seeing, there has been very little dilution.

I will be looking more closely at the terms of this deal. This part seemed very positive to me but I’m not sure how the numbers transfer over yet.

“The transaction is based on an assumed equity value of $14 million for Signing Day Sports and $156 million for Swifty.”

I guess you didn't check the fully diluted numbers.
Fully diluted this is a $750M stock.

https://www.stockscores.com/charts/charts/?ticker=DRCR

Very interesting.

$128m revs, profitable, only 11m mcap, good ss, uplisting...good combination

At this price, what a steal!

$$$$$$$$$$$$$

This stock is blowing up on Twitter. I refuse to call it X anymore. No one calls it X without mentioning Twitter and I refuse to write formerly known as Twitter. It takes too long.

Yes, there are clear signs of manipulation, MM, they want to take more shares.

It will happen.

No doubt.