Penny stock 30 RSI bottom

kemarin

I have kept my eye on this roblox stock. this company makes custom fortnite/roblox worlds for brands like Kraft,visa,universal, and more. For example Paramount hired them to make a gladiator world to advertise the new movie. they have proved this form of advertising is successful. currently it is in talks with a billion dollar company (Infinite reality) to form a deal/semi merger. more details about that on the next post.

SLE just broke down from multi month support. I see this as final capitulation before the deal with IR is final. there is a good risk to reward trade buying it around .40 - .45 and then selling on the backtest of the break below .50

after that it depends on if the deal with IR is successful.









SLE SPY

7 jam yang lalu

Trade aktif

lets talk about this deal with Infinite reality(IR for short)
IR will acquire 9.9% of SLE through a share exchange of which 9.2% has already been completed.
IR board chair Clark Callander will join the board of SLE, furthermore, the parties have entered into an agreement to purchase another 75% of SLE along with a second seat on the board.

SLE gets a ton in return.
Super League will be granted 20 million in cash and 30 million credit as well as a worldwide perpetual license to produce events and sell sponsorships for the Drone Racing League (DRL), a tech-driven global sports property with over 100 million young fans across 170 countries. DRL’s multi-platform approach, including live events, video games, and esports, provides unique engagement opportunities for brands targeting the elusive Gen Z demographic. DRL’s underlying IP, including patents, will remain with Infinite Reality. In addition, SLE will assume ownership of the following iR assets:

Thunder Studios: An L.A. based Emmy Award-winning production company hosting state-of-the-art facilities for immersive content creation.
TalentX: A creator-first talent management firm, crafting strategies and relationships that serve the best interests of influencers and brands alike.
Fearless Media: A digital media agency specializing in entertainment, retail, education, and technology verticals.
To be determined inclusion of Infinite Reality’s esports assets, pending league approvals.

so as you can see this deal is transformative. a lot is riding on it but at the same time i like this stock even without this deal in the picture. that just sweetens things even more.

more later,
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