Dear Cashmere Holding Company (OTCMKTS:DRCR) (known as Swifty Global) has soft-launched its gaming site on September 06, 2022. Till date it has developed and launched two disruptive mobile apps for sports predictions in the UK and a global digital wallet which encompasses Artificial Intelligence and Cryptocurrency/Blockchain Transactions.
Trading Data
On Tuesday, DRCR stock slumped 1.64% to $0.2400 with 255.45K shares, compared to its average volume 129.77K shares. The stock moved within a range of $0.2195 – 0.2700 after opening trade at $0.2300.
Swifty Global Announces the Launch of Swifty Gaming
All major sporting events are available on the site, which includes pre-match and in-play bets across 90% of the global market, and over 200 casino games. Using more than 150 years of industry knowledge and experience gained by acquiring top international agents and traders to manage and grow the Swifty Gaming sportsbook and casino, Swifty expects to onboard a number of premium clients with the revenue generated reflecting in the company’s third quarter results.
A highly regulated gambling market is a major hurdle for gambling businesses when it comes to scaling up globally, due to the licenses, certifications and compliance required. This issue has historically delayed Swifty, but it now holds multiple licenses, while more are going through the approval process. The company is expanding its compliance and thereby increasing its competitiveness with technological advantage and substantially lower cost base and over its competitors.
Swifty Global CEO, James Gibbons, is extremely hopeful regarding the new developments, which he credits to the incredible efforts of their team. He has assured that shareholders and clients will see how the company is in excellent shape for exponential growth in the coming quarters.
Key Quote
Swifty Global CEO, James Gibbons, commented: “After almost two years of painstaking and meticulous effort by our team, it is fantastic for shareholders, clients, and ourselves to finally see the business unfolding for all to see. Having already posted our first profit in August, we are in great shape for exponential growth over the coming quarters and years, with our vision to be on a big board as soon as possible. We are also looking very forward to becoming fully reporting and executing our name change which will be instrumental for our next phase of growth.”
Technical Data
DRCR stock is trading above the 20-Day and 50-Day Moving averages of $0.22 and $0.21 respectively. However, the stock is trading below the 200-Day moving average of $0.57. The company has a total market capitalization of $2.40 million. The stock is up 5% over the past month.
