Topic: Buy Alert – ZKIN dives into legal gaming with subsidiary (Crypto Company) (Read 55 times)

Crediblock.com Second Sight Analysis – 4/7/2021

We normally issue sell alerts however our Second Sight Analysis service is based on dark data, a concept we are developing that looks at a combination of unique fundamental and technical signals for assets.

Crediblock.com is consulting for the xSigma project and full disclosure, we are long the stock ZKIN who owns the project – so we admit our bias.  Now with that out of the way, we have a strong bull argument for ZKIN to be much higher.  Now that it’s trading in the 7 – 8 range we believe this is a great opportunity to pickup shares for a long ride about 20 and higher.

On the news of the gaming investment, shares originally surged:

ZK International Group (NASDAQ:ZKIN) shares up 42.5% premarket on forming a new wholly-owned subsidiary, xSigma Entertainment Limited with the intention of acquiring online gaming assets to increase shareholder value by targeting businesses that are in growth industries and have the ability to grow in scale.
The company is evaluating several assets with the focus on Management, Approved Licenses, IP, and Branding.
According to Gambling Compliance, an independent research firm, "the U.S. betting market will range between $5.9B-$8.2B by 2024. Morgan Stanley believes the U.S. sports betting market could hit $10B annually by 2025 and topping $100B globally. BofA Securities sees the U.S. market hitting $24B by 2030."
They announced this in a press release:[1]

https://globalintelhub.com/buy-alert-zkin-dives-into-legal-gaming-with-subsidiary/