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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.
Thanks for sharing your thoughts weedavemac. It's appreciated. 👍
That should have finished by saying apologies to toffeeman for using his name to describe a trading strategy....I actually ran out of space -didn't know that was a thing. I do have a few other thoughts but fajitas don't make themselves so maybe another day.
And reading back that last post it is a bit of a ramble so well done if you made it to the end.
My brief thoughts in no great order or clarity:-
1. Sometimes this board is a hard place to be. People seemingly more concerned with verbal attacks at each other than actually discussing MOS.
2. The last few posts look more conciliatory and it would be great if we could look to the present and the future. Hopefully rosy future.
3. I think Mark Epstein is being pretty brave to agree to a Q and A involving the Hive. The Hive has shown itself to be no fanbase of MOS.
4. Maybe point 3 is an indicator that there is good news ahead? We will find out on the 11th although I suspect there will be lots of questions that he cannot answer for market reasons. And that in itself can cause frustration.
5. If toffeeman has an average around 0.04p and his strategy is to sell at 0.06p then he has probably played an absolute blinder. 50% profit is good going. There will be a bounce at some point and 0.06p is pretty much nailed on (just my view).
6. Taking point 5 a stage further, that does make buying at these levels tempting (to me at least). And there would be nothing wrong in doing a "toffeeman" and selling when/if there is that bounce.
7. Buying at these levels for most in here equates to averaging down which for some is a no-no. That is fair enough. Personally I have bought some shares at these levels with which I might also do a "toffeeman". I have plenty to also hold with a longer term view.
8. I thought I was doing really well when I bought a decent chunk of the company at the 0.07p ish levels. And I was right- for a while. I am now clearly underwater, which is where no-one wants to be.
9. I am a TR1 holder, and people sometimes think that automatically opens doors and that we must know more things that others do. In reality, for me at least, it simply means that I bought more shares than some others, and at the moment I am therefore more wrong than those same others....
10. While I am not happy to be so far underwater, I am fairly relaxed over the longer term.
11. Moving back to MOS, I concur that EstadioBET is probably going to be the main future for MOS. And Mark Epstein appears to have done well so far to even have us involved. I liked the RNS from the other day. Somebody had paid a lot more per percent to join. And the hint is there that if there to be further investment from outside parties then they will have to pay a lot more per percent again to get involved.
12. There is no doubt that we have "pivoted". But people have gambled for eternity and that will not stop anytime soon. With the partners involved, and the free advertising that EstadioBET will get on numerous platforms, EstadioBET has a good chance of taking a few percent of the Mexican gambling market very quickly.
13. Is there a future for Livescores and Heroes? Without EstadioBET I am unconvinced. With EstadioBET then I think they have a chance. Cross advertising, affiliation revenue etc will create some extra returns.
Apologies to toff
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 am happy with that Citi. The proof is in the pudding as they say and I understand your passion. Sometimes it blinkers you and certainly has done in the past. For me, I don't think, as a TR1, you understand the influence you may have on investors. No you don't make them press the button but you could certainly be helping them make that decision. Let's see what can be achieved here now, it is certainly a lot more promising than in the past.
I’ll leave you all to it for a while.
All fair points and noted. We are all human, make mistakes and I've said I'm moving on and hope everyone else can too. Let's support shareholders by not making this board bitter and focus on getting to a better future.
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.
So there’s nothing wrong with a poster saying sell then I presume, they don’t press the button either.
I genuinely believe people should buy at these levels with what’s to come if they aren’t already invested or to lower their average as I am doing - what’s wrong with saying that, I don’t make them push the button ?
Good afternoon all.
To me that sounds reasonable Citytilidie.
I think we should all see what the company says over the next few months (including the Hive meeting) and debate that as it goes.
The history has not been great but its the future that counts.
We’ll then stop posting ‘buy at these levels’ you’ve been saying that all the way down. Are you doing for others or to try and get yourself out the mire. No good posting apologies if you are not learning from your mistakes, it’s meaningless and people just see straight through it.
I am going to give this one more try hopefully in the interests of all concerned so here goes.
Sorry if things I said didn't come to fruition but I just care and have lots of money personally invested but I genuinely believed them to be true. Clearly, that is not the case today and I'm hurting as much as you all and for that I apologise. However, the BET venture hopefully will put the past behind us. I just want us all to move on now and this is why I want to say this and we can all just move forward. Deal? The Hive Q&A will be a great way to move forward and build up to the BET launch.
GLA
Lostmoney I have been buying for the past few weeks - you should buy some yourself at these levels to reap some of your lost money back when it rises.
And gets the posts highlighting his awful track record.. try taking a leaf out of Weedave book
Now look at all the posts ,everyone is saying they believe that BET will probably work , when Techno arrived this board turned almost positive with him and Weedave talking about the future of BET , can’t you see it’s you banging on about how great ME and everything Mos does is great annoys everyone
City your great business acumen hasn’t proven too good so far ,if it was you would have invested at the same price Toffee just got ..and my post states I believe the share price will climb from here … , , as it happens I think BET has a good chance ( every new or older investor are saying binary play on BET )and I’ve previously stated the website of TS are impressive, but ME is seen as a problem,The market response to the RNS about progress highlights the mistrust, come on nearly everyone expected the SP to climb ,off that RNS and trade numbers to increase ,now such a ‘great business expert ‘as you claim to be wouldn’t waste time defending an obvious drag factor he would spend his time promoting positive points …it just so happens the whole ownership of ignite /Krunch are the board ….🤷🏼♂️ you keep talking of a bigger picture I think it’s time you started to see the real picture ,
Ok then, I’ll go with that. It’s all about BET and Talk from now on. Forget the rest it’s not profitable and that’s what the market wants to see from this new venture.
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.