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Hi System,
1. I am not later to the party. I first invested pre suspension. Although did go big last year.
2. An AIM listed company that is breaking even or better is doing better than most.
Best to all.
Wee Dave come on now. You may be late to the party with that nice low average but did you not go back and look at forecast numbers on NFTs. All checked by nomad of course. Covering overheads only is a company going nowhere really and if the centre doesn't perform it won't last. Reserves still going down and off they get to break even with a couple hundred thousand in the bank, what can they then do? Going nowhere anytime soon.
Hi System,
Once up and running, we have been told that the services contact revenue will be enough to cover all costs and even have MOS in modest profit.
Unless BET needs further funding from it's partners, then in theory we are in profit regardless. And if BET does indeed make profit, we benefit again.
Best to all
Fair enough System you seem to know best.
If you read carefully it indicates that BET will suck cash, and have a growth model based doing multiple raises at different valuations. This means it will be loss making. Introductory offers to entice new customers and marketing is big coin. Whether it emerges from that as a growing profitable concern in a few years well we will see. If it was easy to start up betting companies with only £1m funds, well say no more. Sounds ridiculous.
Said I will leave you to it for a while but System your post is exactly what kills this board - the fact you post such negative that BET will only turnover $10m in a year is ridiculous and whilst I get jumped upon for apparently “ ramping “ your post has to be the complete opposite ?
C’mon let’s all play the game and debate properly - in essence you are scaring potential investors into thinking MOS will only make $100k in the first year.
Just be realistic please.
Someone below is correct in saying BET is a startup. Well established betting companies make 5-6%. If BET turns over £10m in year one, which it won't, that is only 500k profit of which MOS would have only 100k. This is theory as in year one there is so much marketing, introduction offers to entice users, promoters to pay, most betting companies make losses to grab market share. We know ME loves to pay for market share, that old chestnut! So nothing new is going to happen for a few years as this venture will keep needing cash. People are almost saying launch BET and instant cash generative which is ludicrous.
I’ll leave you all to it for a while.
City "Give it a rest Amtech it’s tedious"
It is only tedious if it's a negative post it seems. How you can sleep at night with your remarks for years saying the "Next RNS will show you all, its huge" etc . All whilst MOS does a reverse 20 bagger and then as a TR1 creating a fake American persona to artificially pump the price. That is tedious.
MOS seem to have no real money to get this off the ground. If it becomes successful which will require a lot more cash, they will almost certainly get diluted out of any semblance of success BET has by the people that will have put the real money in. Their last raise was a disaster, what price would the next one be and for what reason - working capital ? The rest of the previous stuff live scores, NFT are loss making and dead. The wild speculation of ME valuing the NFT platform at 25-30 million whatever it was is just incredible. People are right to call out ME on a lot of things, but you defend a reverse 20 bagger performance, with just overheads to show so far.
I personally think this venture will be a success in time and those, like myself, who have managed to hold whilst the SP dramatically dropped to an all time low despite the constant ramps from the same old, should hopefully reap the rewards. ME could save some face and credibility, again only my opinion, if he were to come out and maybe apologise for his naive comments of the past. The ones still holding from the 0.6p days are the fortunate ones, there will be other investors who may have had to bail at heavy losses. Let`s see what he has to say on the The Hive telegram group - May 13th
I’ll apologise when ME does for this s show over the last few years.
I can only apologise some many times Amtech - i'll wait for your apology in the future about how you were wrong about ME when BET becomes a success.
Regardless of anything that has gone on in the past, 20% of an I gaming company is irrefutable. If it’s launched successfully it will immediately put MOS past break even from a cash flow perspective just from the profit share, it will have a growing investment in BET itself on the balance sheet, and it will be billing services into BET. That’s before you look at any associated benefits of cross selling of NFTs and any benefits from TALK .
It’s a fairly binary play now in my opinion. If BET is a success then the company is completely transformed and moves away from any discussions on raises. The market will respond to cold hard revenue.
Try to be an honest person City
Oh and Amtech try and take a look at the bigger picture.
Lostmoney/Amtech - i'll say it one last time, you are completely clueless to what is actually unfolding here because you can't be bothered taking the time to research it.
Your hatred for the company and Mark Epstein is quite disturbing given you pushed the button to buy, hope you weren't in Bidstack or Gfin otherwise you would have round at the Director's house !
“Give it a rest Amtech it’s tedious“
That’s exactly the point City, all this ‘look at the bigger picture’ , ‘wink wink’ you’ve been going on about for years is very tedious indeed. Every time you’ve been wrong, no one listens to your bile anymore Dude.
FFS city if anyone was attracted to Mos as a punt can’t you see your constant posts trying to big up ME and MOS input would put them off ,.big up the partners if you want to promote confidence . read the room or just this BB nobody ,is betting on ME they are investing in , BET and the estadio partners it just happens they have to purchase Mos shares to do that ..nobody trusts him ,because of the extraction of funds via ignite/Krunch it’s the partners they are taking a gamble on .ME is a drag factor…now for your stupid post comment .OK so any other AIM company releasing the RNS about progress made so far the share price would have climbed as nearly everyone on here expected just me ranting again 🤔,because even other very large investors have previously stated they believe it’s a good thing Mos is minority holders with other taking the lead of BET … So will the share price climb from here ,Yes if nothing else on P+D day …big up the partners if you have any sense..and distance ME input
Give it a rest Amtech it’s tedious
Jeez City how big is this ‘bigger picture’ ? You’ve been saying that for years about every failed route ME has taken. Rip that Bayeux tapestry down City’s got a replacement.
Only time will tell - I’m sure in time it will all come out just how much work and effort ME put in to bringing this deal together and how MOS as mentioned previously are the Kingpin to it all.
City I hope for everyone it is a winner - but with ME I just cant see it working.
Placees and spread to beat. Going no where fast. BET is a start up as mentioned below and very true. Long way to go to make any meaningful money out of a new venture like this and that's IF successful.
Hi toffeeman.... Your strategy looks pretty sound to me. Don't think you will have any problem reaching 0.06p at some point soon.
Hope it works out for you.
Ah well, similar writing styles. That's me now anyway, will post when it hit 0.06 to sell and wish everyone all the best.