Allied Gaming & Entertainment Inc.

Analysis for Ticker: AGAE

Allied Gaming & Entertainment Inc operates gaming venues like the HyperX Arena in Las Vegas and produces digital content through AE Studios while expanding into education and blockchain, but the core operation is actually a furnace for the company's cash. In 07/2021, they sold their poker business for 106,0$ million, a massive fortune that should have built a giant business. Instead, the company has spent years losing millions of dollars while doing very little to earn any back, which is a mathematical disaster. It is like a child who sells his favorite bike for 100,0$ and then spends 20,0$ every month on snacks instead of buying a new bike to deliver newspapers; the child feels rich today, but very soon he will have no money and no bike.