 Hello and welcome to this stock market video and in this video we're going to go through a possible high quality SPAC that could get a possible of 100% gains. Certainly I think it could increase from where it currently is at the minute. I think it shows huge promise. It's in a potential growing market. There's a lot of positives to this stock. I've done a bit of research on this stock so in this video we will go through some of the research on the stock. I think that it might increase in price. Some of the potential markets. Some of the positives of the company and what I'm going to do with the stock at its current price at the moment. So we're going to go through all that in this video. I'm going to get right into it straight to the point as a respecty time but I'm new to doing stock market videos. This is my seventh video now so I really appreciate if you leave the video a like or subscribe to the channel if you're new. That would be much appreciated but let's get right into the discussion for this SPAC. Now what it is, it's Flying Eagle. So F-E-A-C which is a special acquisition company for skills and it's going to be a merger. Now what skills is, it's an online competitive gaming where users can play games and compete for real money. So it's different than some of the other, in the sector of it. It's slightly different. It's done in a different way. Developers, they create games on this skills platform and then people can compete for money in a range of different games and that's how it's done. There's loads of different games and continuous games coming out every month for the application. So it's always being updated for skills. So just to go into some more information. So skills is the leading mobile games platform that connects players in fair, fun and meaningful competition. So it's mixing the idea of you know staking money but also in terms of having an element of competition and e-sports into it. There's like an e-sports element combined with this staking money combined with mobile gaming. Free areas that are actually growing, they're growing massively. So with that in mind, it's in this high growth area within free areas. I think this has got a huge potential because of that. But meaningful competition. So the skills platform helps develop, build, multi-million dollar franchise by enabling social competition in their games, leveraging its patented technology. So if they've got a patent or a patent then basically that adds to a competitive advantage for the business if they've got that because nobody can go and copy what they're exactly doing. So if they've got patents in technology that's a competitive advantage. That's one thing to look out for when with stocks in terms of patents or patents that's available. Skills host billions of casual e-sports tournaments for millions of mobile players worldwide and distributes millions of prizes each month. The company is headquartered in San Francisco and backed by leading venture capitalists, media companies and professional sports leagues and franchises. Skills has earned recognitions as one of the fast companies, one of the fast companies most innovative companies, CNBCs disrupt to 50, Forbes net 50 next billion dollar start-ups and the number one fastest growing company in America. So this company is growing fast and no doubt because of the area that it's in in terms of online e-sports gaming with also the growing sector in terms of mobile gaming. Combined with the revenue generators that are involved with this idea. So some of the positives to this particular stock just to go through some. So first of all it's a large market growth and industry growth as I've mentioned there you know I won't repeat that point. Now another point is that it's high engagement on the app so there's a lot of people using the app on a regular basis and in terms of retention there that's important because if they're having users coming back to the app on a regular basis they're getting reoccurring revenue potentially from that customer base. So it's about retaining those customers but also by growing your customer base that's going to lead to a good amount of success. So high engagement on the app so to a lot of people spending a lot of time on the app just shows that there is a lot of use for this and a lot of people are liking the idea. It's differentiated in the sense that it's not like a traditional sale, they didn't even call it gambling the skills tend to say that it's not gambling platform. You know it's not your traditional type of in terms of that. It's actually mixing fun in terms of esports and mobile gaming and that area with staking money so it's combining two high growth areas. It's differentiating itself as a brand by doing this in a different way. By trying to be different in the sector they make themselves stand out in the sector, it's quite innovative in a sense and if they make themselves stand out that can be good in terms of competitive advantage. Another area is that it's highly profitable and we'll go into some of the figures soon but it's a highly profitable area in terms of it being a digital product and essentially being a digital product that's high profitability. The other area is that it's marketable with it being esports related and gaming related. There's a high potential area there in terms of getting E-celebrities involved or whatever it is in terms of marketing the product. There's a lot of potential, a lot of marketing avenues that they can go down and when you go to a product that is really marketable you can market it to the masses in a very effective way then obviously that's going to get more people using the skills platform and that impacts the revenue. The other thing is as a positive actually as a working product so a product that actually works at the minute. Now that is really important to to understand because a lot of these backs you know they don't actually always have something ready yet you know they're in the progress of maybe developing something but skills actually has a sort of working product that's there which we can look at we can assess and see the viability of it and so that's important and it's also got good recent revenue history as well so it's actually making you know potential money as it scales and that's another thing is a scalability of the business because it's a digital platform they're able to scale this globally potentially across the world so that is a potential for revenue growth but it's got a good history in terms of revenue as well in the past so it's got some good core fundamentals to the business so skills is the competitor competition layer for the internet so it's got 1.6 billion gross marketplace volume and 2 billion tournaments per year so there's a lot of range in terms of potential there so another interesting point which is from their investment presentation is that gaming has actually eclipsed movies music and books okay so with that gaming is a hundred and forty nine billion industry with 68 billion being just for gaming alone gaming alone so there is a huge potential market with this sort of product and you know you do get e-sports in terms of on PC you know maybe console sometimes but there isn't a massive amount of e-sports activity or a large scale on mobile platforms and this is where where it's growing as well there's a lot of e-sports activity that's growing in that area there's a lot more people you know downloading mobile games and the market's growing for this area so there's a potential there and as you can see 68 billion in terms of mobile gaming more than books music and movies in terms of gaming as a whole industry so so there's a lot of potential there in comparison so it's also generating profitable good generate profitable growth with capital efficiency so you know as the expand in terms of capital invested the growth is continuing so the revenues continuing and it's on an upward trajectory and the hope in that continues obviously into 2021 2022 so that's it's got a good foundation there in terms of what it's been doing and what it looks to do in the future another thing is it's actually skills are developing the developers on it are actually developing new games every month almost and so five fresh games in November and they're always adding new games to the this so they're always updating their overall product which is good because the more games they add then obviously the more potential for competitions tournaments for you know people to get involved with it and the more revenue from that so it they're always consistently updating more games for this app for skills for the skills platform so that's that's good to see that's always being updated and as it should be anyways but at the minute if we look at where it's sat so it's sat 1550 now it's actually spiked up in the past well in the past day really it was it's the same five days but in the past day it spiked up quite a lot recently anyways so you know is it worth it buy at this price I'm going to wait for it to dip slightly and then I'm going to actually buy in myself think it's got a lot of potential I think it's a mid to long-term hold but but I think this one's going and kind of unknown a slightly I think there's needs to be more hype should I say behind this stock and so I think there's a lot of potential for this with the market that it's in with what they've got but obviously do your own research I'm not a financial advisor I'm only giving you my opinion and what I think of this stock so do your own research but as I say if this stock dips a bit further if it goes back down to say 14 around that I may buy in and and hold but I think this this has got huge potential to grow and very much so in the future so thanks for watching this video don't forget to leave the video a like and subscribe to the channel if you're new and I'll be making more content in the future on different stocks thank you