Sentinels in Trouble

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Source: Sentinels
Sentinels in Trouble

Drama Business Investments

09 August 2023 16:24

According to recent news, Sentinels is in financial trouble. The organization was listed on StartEngine on August 4th which allows fans to own a share via crowdfunding. The memo stated "If the company raises the minimum offering amount, and if the company is unable to raise additional capital through either existing shareholders or other outside sources of financing we anticipate the company will be able to operate for 2-3 months,” The memo also stated that if the maximum amount is raised it will be able to operate for four to five months. The memo also revealed that Sentinels spends nearly $700k on salaries per month. The company’s CEO, Rob Moore, has a salary of $360k a year and executives are earning more than $200k per year.

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Dante Uzel
Esports & Gaming Journalist
Dante Uzel is an esports and gaming news journalist with eight years covering the industry. His work has appeared in publications including Game Life and The Game Post, and he currently reports for TwogNews and TwogPedia.