GameOn Entertainment Technologies (GET.C) is a unique company frontrunning the future of engaging superfans.
Sports, TV and Live Events are becoming what GameOn call, the ‘neverscreen’. As in it never ends. The goal is to create an interactive experience and rewards to gain retention and viewership for content-owners.
Here on Equity Guru, our writers have analyzed the company, and have covered previous news releases. They do a great job in explaining the investment opportunity.
Lukas Kane states in his article on GameOn joining Blockparty to integrate prediction games with NFTs:
Social media platforms like Facebook are successful in part because the viewer is actively engaged. Reading updates. Leaving comments. Uploading photos. “Liking” other posts etc.
GameOn’s (GET.C) predictive gaming technology ramps up the concept of interactivity – converting passive fans into active Super-Fans.
In Lukas’ article covering the major news of GameOn launching a cricket prediction game for MX Player’s 280 million viewers in India (the #1 market for Cricket I would say), he quotes some points from an interview with CEO Matt Bailey where he explains predictive gaming:
“It’s a way of giving superfans, a super engaging experience,” stated Bailey, “Take reality TV as an example, a space we’re actively in, “Before the TV show, you can enter predictions like: what color dress will a certain cast member will be wearing? Who will receive a rose? Will there be an engagement or proposal in this week’s episode? All white-labeled to the partner’s look-and-feel and powered by GameOn.”
“The best predictors could win money-can’t-buy-prizes like a meet-and-greet with their favorite cast members or tickets to a live airing of the show. Predictions keep you engaged,” added Bailey.
“The production teams of our partners don’t have to do anything,” explains Bailey, “Being programmatic and automatic is a powerful selling point to the partners we’re working with. Our engine writes, results and distributes prizing, requiring no human production.”
“Gen Z isn’t watching TV right now,” explains Bailey, “TV – historically ‘The First Screen’ – is becoming ‘The Second Screen’. And for the newest generation, ‘The Never Screen.’”
“Some teenagers don’t know how to turn on ABC,” added Bailey, “And that’s a problem. They’re playing games, they’re on Tik Tok. By creating interactivity, we’re helping traditional platforms not become ‘The Never Screen’”.
It should also be noted that Victory Square Technologies, a technology accelerator, owns about 50% of GameOn.
Before we get to the chart, I must mention the management and advisory team. So big names there. If you listened to our investor roundtable, Chris Parry discussed that he would like to see Game On leverage these names, and even make some acquisitions.
Technical Tactics
I find this company intriguing. It is very different, and there definitely is an age of superfans. Not just with tv shows and sports, but have you taken a look at live streamers on Twitch or on social media?
According to Marketwatch, the stock currently has a market cap of $17.26 million.
The stock began trading in June of 2021, and as you can see it trended downwards from there. Recently, we have reached a major support zone, which is the psychological $0.25 zone. As you can see from the candle from Tuesday of this week, buyers are stepping in with this large wick. As a long term investment, this would be a great area to enter. The market cap is reasonable, catalysts are ahead, and it doesn’t look like the stock will drop lower from here.
Alternatively, to avoid your money in a stock that just ranges, we can await a breakout trigger. This would be a breakout above $0.375 zone. With that break, we would be over my moving averages, and also above resistance. All of this while the stock bounced from a major support zone. This would be very bullish.
