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Being in the know never stopped 🔔🔚Barry buying more. Yeehaw 🤠🌀
I can only speak for me. And I did outline my reasons briefly earlier in the month.
Nothing in certain in investing. There is always an element of risk. Time will tell.
Which begs the question, why buy more shares if you are of the opinion a contract worth $1.8M pa has been lost?
I must admit I find it intriguing that major shareholders who clearly aren't inside have increased their positions even though they must be aware our only guaranteed revenue stream has gone.
What do they know other than 'it's cheap'?
But then I could not have bought more shares.
You should have taken the decision to “be on the inside”, that way you’ll have known about the IGS contract cancellation. 🌀
I cannot argue against that. Everytime the contract was extended previously there was an announcement. That has not happened.
Willy, Justice, Walter or whatever you are calling yourself at the moment.
Your point about contacting the company is that you should not have to - the information should be made available to all investors through the normal channels.
Yes justice, I agree, but the other part of my question was "are they making enough bread at the moment??"
I agree Guzzler that NFTs are expected to be the main bread winner but are they making enough bread at the moment if the IGS contract has ceased?? - Of course we don,t know the answer to that question.
Hepseal
I understand your point. Whichever way its interpreted, its intent is clear.
NFTs are/were expected to be the main bread winner. Its why 2 huge discounted placings were undertaken.
The BOD weren't shy in voicing timescales for shareholder value to be seen. In October we were told 24 weeks. In November we were told 3, 6 and 12 months.
The current situation is a direct result of over promising under delivering.
You missed my point Guzzler, I don't think they have said that the NFT revenue would beat the IGS revenue figure, What they said was that NFT,s would be the"principal source of growth in 2023"
If the IGS revenues have ceased in H2 this year as Justice implies then it appears to me that the H2 revenue this year could very well be less than the H1 revenue this year.
That is why I would agree with you and Amtech, that what is needed for investors is an indication of the current revenue situation.
IGS was guaranteeing $1.8M pa.
A bold statement to make expecting NFT revenue to beat that figure. That's in excess of $150K per month.
Another bold statement made was contracts would be of such high value, and revenue from them so good, that there wouldn't be a need for a further cash call.
So what would be very useful right now, to help drag us away from all time lows, is someone pointing out exactly what is the current revenue situation.
NFT,s being the"principal source of growth in 2023" is not the same as NFT,s being the "principle revenue"
However if the IGS contract has NOT been renewed then the NFT's could be the "principle revenue."
Hence, Amtech's question regarding NFT revenue is very relevant - strange nobody has an answer!!
Amtech
To be fair, it's possible the promise of NFTs being the principal revenue could be delivered, especially if there isn't any other revenue stream contributing.
IGS of course did contribute for the first 6 months so at least we have some sort of figure that needs to be beaten.
Someone has
They also said
‘Resources are currently focused mainly on our portfolio of licensed NFT brands, which is expected to be the principal source of growth in 2023’
8 months in, does anyone know the nft revenue?
Indeed Hep. IGS provides mos with its major income stream. Having lost it will probably mean a death spiral funding provision is needed. 🌀
Justice - If the IGS contract has in fact not been renewed you make a very valid point - extract below from RNS 27th March, 23 - i.e. Interim Results, December, 2022:
"Revenues in the half year to 31 December 2022 were mainly from the major strategic partnership and contract with International Gaming Systems ("IGS"), the extension of which into the current half year was announced on 30 December 2022."
It’s not the wardrobe monsters you want to be worried about Guzz, it’s the cancelled IGS contract. 🌀
We have now eaten up the first year of the 3 year contract with the Federation of Mexico.
No figures were provided in the RNS regarding revenue target or upfront costs but it's stated terms are similar to the 5 year Pumas contract.
Below is a quote from the RNS.....
MOS will produce a large range of collectable trading card NFTs for the Mexican National Team
There have been 3 drops in 12 months. Unbelievably, the opportunity presented by the Gold Cup, held in the USA and won by Mexico, appears to have been missed.
With regard to the Pumas contract, also up and running for a year, this......
and if certain revenue targets in a year are met then a minimum revenue guarantee would exist for the next year.
So one year in, the biggest provider of sport experience NFTs in Mexico.
Exciting times
#letsgo
You tell him guzz. Yeehaw 🤠🌀
Yup.... It is good to see the upward trend. Long may it continue.
Gobbler - we’ll see
Barry
I wasn't referring to you. Everyone knows you have nothing to offer apart from hot air and jam tomorrow clichéd nonsense.
The Ego has landed. 🌀