How did you come up with the figure of 400M for ESL? They are owned by turtle entertainment which MTG owns a majority in them and bought for 86M in 2015 (~75% share in them). MTG did 146M USD net income last year - slightly different story to where ESH is.
Understand Dota 2 has 200-700k users (not going to fact check you here) but the latest dota2 tournament that just finished had 8 players (out of 32 or 25%) Further we have gotten 8 out of 200k players or 700k players? Great work - should I congratulate them on acquiring a whole of 0.004% of the lowest online players for dota 2? Only another 99.996% to go!
This previous dota 2 tournaments had averages were about 80-100% filled when SS was on - which is great - however we lost 50-75% overnight?
Better throw more money at it as we might be able to get a MC at 400M by throwing enough money at it - got to spend it to make it.
ESH Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held