News Details – Smallcapnetwork
Big Boys Betting Big On Future of eSports - SENS Breaks Out
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February 2, 2024

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PDT

Another great day for stocks yesterday. So much so it looks like we could be on the verge of another big breakout, especially with the fact the major averages have been consolidating for quite some time, in addition to the DOW having made another new high yesterday. More importantly, our newly featured stock in U.S. Gold Corp. (NASDAQ: USAU) had a decent day yesterday. However, another one of our newly featured stocks in Senseonics Holdings, Inc. (NASDAQ: SENS) broke out sharply to the upside yesterday - posting gains on the day of about 16%. A great return for a stock we only added to our featured list just last week, but if what's been happening with its daily chart continues, yesterday's move may have been an early sign of better things to come. It is fast approaching its 200 day moving average, so we'll see if it wants to back off before it makes a potential run to somewhere around $3 per share, a price point that does look achievable. I want to shift today's attention now over to something I saw yesterday on CNBC - a TV segment on the future of eSports, which included an interview with Robert Kraft (owner of the New England Patriots), Jeff Wilpon (COO of the New York Mets and Sterling VC founder), and Activision Blizzard, Inc. (NASDAQ: ATVI) CEO, Robert Kotick. The clip, which you can view here: http://www.cnbc.com/video/2017/07/12/patriots-robert-kraft-and-ny-mets-jeff-wilpon-among-first-owners-in-e-sports-overwatch-league.html focuses on Kraft and Wilpon's purchase of their very own eSports city based teams within Activision's new Overwatch League. The Overwatch League, which is set to launch at an unspecified date later this year, will feature teams based in major cities around the world comprised of professional gamers facing off at Activision Blizzard's popular new game title, Overwatch, which launched last year and now has more than 30 million players worldwide. New England Patriots owner Robert Kraft and New York Mets chief operating officer Jeff Wilpon are among those who have signed agreements to participate in the league, and they will own Overwatch League teams in Boston and New York respectively, Activision Blizzard said in a recent press release. Andy Miller, the co-owner of the NBA's Sacramento Kings and the chairman of NRG eSports, will own the league's San Francisco-based team. The other new team owners and cities include Noah Winston (Los Angeles), CEO of the AEG-backed eSports franchise Immortals, which also has funding from the owner of the NBA's Memphis Grizzlies; Ben Spoont (Miami-Orlando), the CEO and co-founder of Misfits Gaming; Kevin Chou (Seoul), the co-founder of mobile gaming company Kabam; and, the Chinese internet company NetEase, which will run a team based in Shanghai. "The Overwatch League will celebrate and reward our most accomplished players and give fans more opportunities to engage with each other," Activision Blizzard CEO Bobby Kotick said in a statement. "We're excited to be working with leaders from eSports and traditional sports to celebrate our players and to establish the Overwatch League." To put it in perspective, recently in Korea, 60,000 people attended an eSports event at a local venue there. Kraft and Wilpon suggested eSports should surpass that of the NFL, which is highly coveted here in the U.S. as being the single most watched sporting event. However, both Kraft and Wilpon made it clear that eSports will have global appeal over the next several years, and believe we're at the forefront of something massive. Why? eSports can be played by literally anyone - you don't have to be a physical star - and the various sports one can play span everything from every single sport under the son to war like games with endless themes. This, specifically, is why we continue to consider the speculative potential of SPYR, Inc. (OTCQB: SPYR) - a holding company with a wholly owned subsidiary in the mobile game & app development and publishing industry that recently announced its flagship game, Pocket Starships, now has a Player vs. Player game update, which was featured by Apple in the U.S. App store. The company continues to work diligently to position itself in the eSports space, and their cross platform gaming engine seems to be among the few out there allowing players on various devices and OS systems to still play the same game at the same time against one another. In short, once you have the engine, and once you the necessary backing in the gaming industry, sky's the limit. All it takes is for one game to take off, and that's it - the company in question typically never has to look back. Sure, there's plenty of game developers out there, but how many have an ex COO from Electronic Arts (NASDAQ: EA) as their strategic adviser? That alone speaks volumes, and if the company can garner itself an acquisition or two, or develop a game internally that ends up going viral, one can only imagine what might happen with SPYR's stock price. We've seen it before, and it's my guess we'll see it again, so if you're willing to do your diligence and speculate on a company like SPYR down around its $.40 cent share price today, it's one I wouldn't mind mind tucking away and taking a shot on for the future.