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Just to go back to the £250k raised by way of the CLN, I've been mulling why they'd only seek to raise that amount. If they were really in trouble, would they not seek to raise more? I guess there's a few options:
1) they really are in trouble and it's all they could raise, but surely that would have to have been accompanied by an update to the market to this effect.
2) It's some sort of bridge in the knowledge something's in the pipeline.
3) It's simply a token foot in the door into the MENA region.
4) Given it's come from the MENA region, could it be part of building something bigger out there? "Working Capital Requirements" might not necessarily just mean keeping the lights on... Jasmine Skee, in an interview with Proactive on the 31st January, said that they'd already booked £5m for the year vs £5.53m for the last full year (to September 2023).
Grateful for any thoughts!
Plot thickens - Twitter post from Head Coach of Guild Impact (their female CS2 roster) - "2024 started in a pretty dynamic fashion and I want to share that as of today I am not a Head Coach for @guildesports Impact anymore".
Yes, it was 00 Nation. Their website says "Coming Soon", so will watch that with interest, but it describes itself as "a crossover brand, combining music, fashion, sports, outdoors with gaming to create powerful communities with multiple passion points and deeper experiences for brands, talent and audiences across youth".
....on the Guild website following release of results and revealing who the mystery investor is. Some big hitters now on the list (in addition to 00Nation AS) that weren't there before (Hargreaves Lansdown, Interactive Investor, HSDL, Mirabaud).
Guild advertising for a new Campaign Manager - see on Google/LinkedIn.
Really interesting paragraph from the job post, especially re new partners across Sky...
"This involves managing our relationships across Sky, and potentially other partners, after signature of the deal to ensure both Guild Studios and our partners maximise the return from their campaigns and to strive for further business. These include our existing partner, Sky Broadband and new partners across other areas of the business such as, Sky Store, Sky Sports, Sky Mobile, Sky Retail, Sky VIP, etc".
Could the large volume of sells be anything to do with the Hive deal, given that Hive will acquire 15% of Argo’s existing issued share capital? Just a thought.... Thanks everyone for your posts by the way - really informative.
Talking of Bixby, I do wonder whether he might end up on the BOD of Hive as part of Hive's restructuring following the peace deal with Genesis. Marco Streng and Björn Arzt are stepping down from Hive's board as part of that - perhaps one or both of them are coming Margo's way?