{"id":18782,"date":"2019-09-18T12:40:51","date_gmt":"2019-09-18T16:40:51","guid":{"rendered":"https:\/\/capital10x.com\/old\/?p=18782"},"modified":"2019-09-19T08:50:00","modified_gmt":"2019-09-19T12:50:00","slug":"millennial-esports-game-name-change","status":"publish","type":"post","link":"https:\/\/capital10x.com\/old\/millennial-esports-game-name-change\/","title":{"rendered":"Millennial Esports Proposes Name Change, Share Consolidation"},"content":{"rendered":"<p><span data-contrast=\"auto\">The annual <b>Millennial Esports<\/b> [stock_market_widget type=\"inline\" template=\"generic\" color=\"default\" assets=\"MLLLF\" markup=\"(OTCMCKTS: {symbol} {currency_symbol}{price} ({change_pct}))\" api=\"yf\"] [stock_market_widget type=\"inline\" template=\"generic\" color=\"default\" assets=\"GAME.V\" markup=\"(TSXV: {symbol} {currency_symbol}{price} ({change_pct}))\" api=\"yf\"]<\/span><span data-contrast=\"auto\"> shareholder meeting next month may bring big changes to the company\u2019s structure, as investors will be asked to approve both a name change and a potential stock consolidation.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">On Oct. 9, Millennial Esports will officially ask shareholders permission to\u00a0<\/span><a href=\"https:\/\/capital10x.com\/old\/millennial-esports-mlllf\/\"><span data-contrast=\"none\">change names to Torque Esports Corp<\/span><\/a><span data-contrast=\"auto\"> in an effort to put the brand name more in line with the company\u2019s current focus on eSports racing titles.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">In conjunction with the newly shifting focus, Millennial is kicking off a 30-day prize giveaway countdown with World\u2019s Fastest Gamer, which will culminate in eSports players winning a racing simulator rig or even real-world racing lessons. <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Millennial also owns Eden Games, which launched the\u00a0<\/span><i><span data-contrast=\"auto\">Gear.Club Unlimited 2 r<\/span><\/i><span data-contrast=\"auto\">acing game back in December of 2018.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Aside from the name change, the meeting will also task shareholders with addressing the question of potentially consolidating existing shares on up to a 1 to 5 basis. If approved for that full ratio, the board of directors would gain the right to convert 11.7 million current shares into 2.3 million post-consolidation shares.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Following those shareholder votes, both the potential consolidation and name change will still require regulatory approval from the TSX Venture exchange.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Commenting on the request for voting at the upcoming annual meeting, Millennial Esports Corp issued this statement:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\"><div class=\"su-quote su-quote-style-default\"><div class=\"su-quote-inner su-u-clearfix su-u-trim\"> The board of directors believes that a consolidation may be in the best interests of the shareholders of the company as it could lead to increased interest by a wider audience of potential investors and could better position the company to obtain financing and pursue acquisition opportunities.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\"> <\/div><\/div><\/span><\/p>\n<p><span data-contrast=\"auto\">Besides sports racing, Millennial also currently engages in overall eSports data collection operations to assist companies in monetizing online viewership.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Millennial\u2019s data collection arm Stream Hatchet recently issued a report\u00a0<\/span><a href=\"https:\/\/capital10x.com\/old\/millennial-esports-mlllf\/\"><span data-contrast=\"none\">citing a 41% increase<\/span><\/a><span data-contrast=\"auto\">\u00a0in live eSports streaming over the past year, representing more than 740 million additional hours of content streamed through services such as Twitch.\u00a0\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The specifics of those numbers, from which eSports titles generated the most views to ways to\u00a0<\/span><span data-contrast=\"auto\">capitalize<\/span><span data-contrast=\"auto\">\u00a0on streams with advertising, were discussed at length by Stream Hatchet during the\u00a0eSports Business Summit at the MGM Grand Hotel earlier this month.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Looking to emphasize the company&#8217;s racing games focus, Millennial Esports Corp.\u00a0(TSX-V: GAME; OTCQB: MLLLF)\u00a0wants to change names to Torque Esports.<\/p>\n","protected":false},"author":12,"featured_media":18329,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1112],"tags":[1162,1138,1139],"class_list":{"0":"post-18782","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-tech","8":"tag-game","9":"tag-millennial-esports","10":"tag-mlllf"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Millennial Esports (GAME) Proposes Name Change, Consolidation | Capital 10X<\/title>\n<meta name=\"description\" content=\"Looking to emphasize the company&#039;s racing games focus, Millennial Esports Corp.\u00a0(TSX-V: GAME; OTCQB: MLLLF)\u00a0wants to change names to Torque Esports.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/capital10x.com\/old\/millennial-esports-game-name-change\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Millennial Esports (GAME) Proposes Name Change, Consolidation | Capital 10X\" \/>\n<meta property=\"og:description\" content=\"Looking to emphasize the company&#039;s racing games focus, Millennial Esports Corp.\u00a0(TSX-V: GAME; 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