George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Techno, I traded this a good few times after ME and the gang took over (once posted I’d sold, got attacked by a tr1 holder for doing so). All was looking well, revenue expanding etc etc. Then it went sour with loans to other companies that looked dodgy, buying companies from themselves, investing in other companies etc etc. With way to much car salesman talk about potential customer bases and what other companies in the sector are worth, game changing deals. Then along came NFT’s, it was the same story. Especially with the ‘F1, we do that’ NFT that sold out before going on sale to NFT heroes club members. So at present it’s pretty much how it was with the same lines coming out from ME and the company just a few years on with nothing coming to fruition.
You do know he used the listed regulatory angle before with NFT’s, and those relationships gained from his character hasn’t brought in the revenue for retail investors to date only himself. He may win over a few new investors with the spiel but the track record here isn’t good for him as seen by the retail cash raise recently. Whether it was his idea or not this is the last throw of the dice for ME and MOS. So i now wonder at the launch or thereafter they go back to updating investors regularly or stick with the regulatory HY/FY results which lets face it was only done because he knew IGS contract had gone, NFT revenue was dire and the rest wasn’t worth a mention anyway.
Also, why do you doubt they would have the betting venture without ME ? Obviously as he’s the CEO but what does he/MOS bring to this new venture? TS is supplying the platform what are MOS supplying?
Techno, if like you say the gambling (run by others) is a great opportunity for the company and its investors. Wouldn’t you think the company would have that on the ‘Investor Meet Company’ site or even MOS’s own site? Why would the company not have investors/potential investors who missed it live see it? Doesn't make any sense not to.
Don’t believe a word the tr1 holder says he was shouting about that upfront costs were negligible for the NFT’s? Wonder who told him that as the company says that they were significant. Guess he was trying to mislead again.
‘The gross profit of £12k (2022: £450k) decreased substantially. The gross profit margin decreased from 44% to 1%, reflecting the inclusion of significant upfront royalties on NFT contract revenues.’
Funny though as Quanta has Dutch gambling sites, TS was at Quanta, MOS has £500k in Quanta, TS now has gambling sites in Mexico, ME heads to Mexico, TS puts £400k into MOS. What is the need for ME, failed in India, failed with Gfin, failed with NFT’s not a great track record is it. Anyway off now as I can smell fish.
How long is ‘the foreseeable future’ ? Is it longer or shorter than the claims of 12 months to break even. They’ve stopped any updates now barring FY & HY so no info coming. Don’t reply to emails. Just think if they hadn’t given Quanta £500k of vanishing money they might if had a chance getting to the 12 month mark. As it stands I doubt it very much.
TS has been very busy lately with WA Technology signing deals with NE Group ,Latam Entertainment,Sportal 365. Taking on Waldir Marques as director of regulatory affairs, Sander Koch as chief strategy officer and Francesco La Deda as chief financial officer.
He’s putting ME to shame, also looks like ME’s hoping TS pulls MOS/himself out the mire.