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One of many largest shareholders of Enad World 7’s has requested that its board search a sale of your entire agency.
The announcement was made through a letter saying that the transfer got here after analyzing the gaming group’s properties, operations, and enterprise methods.
“Regardless of being a number one gaming firm with a various portfolio of high-quality belongings, EG7 is among the many most cost-effective publicly traded gaming shares on this planet” the cohort stated.
The group added that it has confidence in chairman Jason Epstein and CEO Ji Ham’s capability to create financial worth.
Nevertheless, it stated, “We’ve much less confidence that the market will correctly reward the Firm with an applicable valuation except vital motion is taken to handle EG7’s valuation low cost.”
The shareholders continued, “EG7 is an off-the-radar microcap with minimal sell-side protection and a comparatively unknown story to non-Swedish buyers. Furthermore, it’s down ~80% from all-time highs, and former administration missteps have completely alienated many native buyers.”
Based in 2013, EG7 develops, markets, and distributes video games throughout PC, console, and cell. Its IPs embrace Everquest 1 & 2, PlanetSide 2, DC Universe, and The Lord of the Rings On-line.
