Member Info for baz9707

Hi mate on course at the mo so not much time to be checking out my pf. GON will fly very soon news in the coming months and plenty of games coming online. Just a bit fed up of looking at research by investors and not official news by the company.

Good time to do it the first official mention of the new games doing well this will fly.

LOL was it that much you will never know but its crashing. LOL

Im out after that RNS can see this at 1p next few weeks. Still keep an eye on it. With 250000 cash they need 2m to get this going. They will not be drawing this down in a 1er

Was thinking of selling the few I have here can break even at this price. Has not moved during the sell off, trading update will start the move north so holding on for now.

New game is going to be big. All im saying for now

Some info on what is going on in China online gaming industry. http://www.gamelook.com.cn/2009/09/2867

In the past six months we have restructured our operations across the Group to focus on revenue generating activities. The management believes that the long term benefits of these changes and the investment made in our digital operations in China will provide a platform for the Company to grow, with the aim of returning to profitability in the next financial year.

Yes they are selling rights and letting companies use there games, worlwide. Was not my email of the blog. Is it now that this is going to blow news soon about gaming operations if they are in profit alraedy then expect a massive rise. Still just valued on the croco side.

I bought back recently the few that got them for 4.18 just seems so cheap could not resist. So the rise today made me smile. 5p plus is looking good for next week.

On its way mms after shares.

I have noticed that there is a similar game for the chinese market, often translated to english as "Devil War Record" and was curious whether Crystal Saga is the USA license of this international game, or whether it is an independently developed game. If it is a USA license for an international game, would you mind telling me whom you dealt with to come to this agreement? I ask this because a company that I am invested in called Galleon Holdings has a license for the distribution of "Devil War Record" in China and I wonder is there any connection between your company and theirs. I am reasearching their activities further to determine the quality of the investment. Many thanks for your help. Joe Bloggs Joe Bloggs, The games are in fact one and the same. We possess an exclusive North American publishing license for the game (acquired from the game's developer). Galleon Holdings (wowan365) has an exclusive license to publish in China (although have recently brought on several joint publishers). Let me know if there's anything else I can do to help. Thanks, Jared -- Jared Psigoda CEO Reality Squared Games http://www.r2games.com/ Jared, Many thanks for your help. I just have one further question. I believe that the game is also licenced to a number of other Asian countries and possibly in South America. Do you know who operates these licences and whether Galleon holdings own any of the other licences? I think you have a fantastic product, and judging by the success of this game in the chinese market, it will no doubt do well in the USA. Thanks again for your help Andrew Joe Bloggs, The game has been licensed and is out in Taiwan/HK, Japan, Korea, SE Asia etc. I'm pretty sure the developers have signed most all markets by now (especially Asian markets, where the style of the game is pretty much certain to be a success). I haven't asked about South America in a while, but last I checked they were already in negotiations. To the best of my knowledge, Galleon does not hold any licenses aside from Mainland China. We are launching our open beta tonight (and turning on the payment system) - and have high hopes for the game as well. Obviously, the game is doing phenomenal in China (and from what I've heard in other Asian markets as well). Here are some of the non-mainland Chinese copies of the games: Taiwan/HK: http://somc.17pk.com.tw/ Singapore/Malaysia: http://somc.xixigames.com/ Japan: http://lakatonia.entercrews.com/ Glad to help. Jared From the above email exchange, it looks like Galleon have an exclusive distribution agreement with the developers of the game, but only for mainland China. From what Jared said in his first email, it looks like Galleon have allowed Devil War Record to appear on other chinese sites, and presumably has a revenue sharing agreement with them to do this. I think this information goes some way to clarify the ownership situation which has been debated in recent months. I hope

Further digging by posters on the advfn BB however have shown that that :- Saga of Heroes is being recognised as one of the most Innovative games around. That sign ups to the user forums alone have not doubled but may have tripled or quadrupled. That user traffic according to Alexa monitoring puts the wowan365.com site amongst the biggest sites in China for online traffic and competing head on with acknowledged,established and very valuable chinese online gaming franchises. That the portal and game licencing may be in the process of going ‘International’ with licences signed in Malaysia. This suggest some posters means that Galleons/Wowan365’s ‘Saga of Heroes’ could be a massive asset and could be about to repeat the growth cycle of the Chinese online gaming company Changyou (Nasdaq:CYOU) listed on Nasdaq with a $2bn Market Cap. ( posts 2319 and 2320 from the advfn BB by recto verso shows from financial statements of Changyou how quickly that company grew on the back of one successful game http://www.advfn.com/cmn/fbb/thread.php3?id=24285394&from=2319 ) Further updates are awaited from the Company to confirm much of this but if they do even confirm half of the above speculation Galleon could easily have a $50-100m game property on their hands and if they can capitalise on the full potential and make it an international success and monetise the advertising potential then even that will look conservative. Note that the IPO of Renren (NYSE:RENN) on NYSE this week gave it a valuation of almost 100x sales. That sort of valuation might value Galleons wowan365 as being worth $700m+ ! Chart/Technical viewThe chart shows what a disaster GON has been down from 13p to 2p in one year and from 26p to 2p in three years. However the chart also demonstrates the recovery potential. At 25p the company would be valued at approximately £40m which is around $60m which would be in-line with the $50-100m valuation that seems ‘right’ for a chinese online gaming company given corporate transaction valuations read-across in the space. There is a clearly defined downtrend on the chart and once that is broken I would certainly buy more because any recovery has the potential to be vertical given the exciting growth being exhibited by the wowan365/Sage of Heroes property +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Bonjour , ++++++++ - 1 Sep'11 - 16:50 - 6276 of 6277 Yesterday I mentioned that I have been in contact with R2games, the USA licensee of Devil war record, marketed as Crystal Saga in USA. The CEO has emailed me back and given me some great information to clarify Galleon's role. I have pasted my email correspondence below. Dear R2games I am contacting you with a query in regards to your game "Crystal Saga". I am a private investor with an interest in the online gaming market and have a few questions in regards to your game. I have noticed that there is a sim

The key interesting point is that after just a few months of operation the new online games division is not only showing huge growth but still greater potential. Launch of online games operation "The strategy for the online games business is to grow our traffic by providing players of games with a wide range of quality non-exclusive games on our Portal Wowan365.com and to then enhance revenues and increase customer loyalty through operating our own exclusive games. These games follow a "Fremium" business model. This means that it is free for the customer to play initially but any deep involvement needs to be supported by micro-transactional purchases or subscriptions. Galleon's online games portal wowan365.com was launched in September 2010 and we have been testing our infrastructure and marketing techniques since then. At the end of January 2011 we were actively operating 8 non-exclusive games and our first exclusive game "Saga of Heroes". The portal wowan365.com currently has more than 2.5 million registered players and is generating revenues in excess of £200,000 per month. By the end of the year we plan to have 15 non exclusive and 2 third party exclusive games and 2 wholly owned customized games in the market. We are targeting 5 million registered players and 150,000 registered paying players. Besides local Chinese games, Galleon is also now in a position to localise, publish and operate Chinese versions of Western online games, providing a valuable service for international publishers." "The strategy of creating portals where we know our customers consumption habits will allow us to maximise cross promotion and marketing efficiency. We will be able to cross promote both mobile and online games to our online games and mobile games customers through the respective portals that they visit and through the games that they play. The continued growth of the online games market and the arrival of Smartphones and the associated content is set to create a critical stage of growth in China's digital media marketplace in the coming 18 months. " So let’s dissect the above statement from the company a bit :- The portal is Wowan365.com. It launched Sept 2010. By Jan 2011 just 3-4 months they were operating 8 non-exclusive games and one exclusive game ‘Saga of Heroes’. The portal had 2.5m registered players as at February 2011 (after 4-5 months operation) and generating revenues in excess of £200k per month (i.e. an annualised run rate of £2.4m+). They hoped to double the number of games hosted and the number of players and presumably the revenues.

The following research was conducted by "Kobe Bryant" at the end of April 2011. Kobe (also known on investment forums as "Schrodingers Cat") is an active member of this blog. An updated version is currently in draft and will be posted on http://www.pennysharemillionaire.com/ soon. Big Thanks to Kobe for sharing his excellent research.... Galleon GON Share Price :- 2.625p (Bid/Offer 2.5 – 2.75p) Shares in Issue :- 167m Market Cap :- £4.4m Cash : £2.8m (at Sept 30th 2010) Enterprise Value :- £1.6m Sales (2010) : £14.6m Profit/(Loss) : (£20.2m) mainly due to non-cash impairment charge of £15.8m Directors holdings :- Mojito (Yu Peng 20.6%) ; Imagination (David Wong Pritesh Desai) 12.75% My attention to this stock was initially drawn by a small snippet in the FT Market Report section on 21st April 2011. http://www.google.co.uk/url?sa=t&source=news&cd=1&ved=0CCYQqQIwAA&url=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2Fe34badb2-6c3b-11e0-a049-00144feab49a.html&ei=YDbFTffiL8foOfWJgaMI&usg=AFQjCNGvF7X61lH-hCf1QtAAn2r0rBig0A “Galleon Holdings, the media licencing group, rose 20.2 per cent to 2¼p on news that actuary and small-cap investor Guy Thomas had taken a 3.2 per cent stake.” Guy Thomas as well as being an actuary and small-cap investor is also the author of recent book on successful investors so one might hope he learnt something in his researching. One would also imagine being an actuary he had done some in depth research to have taken such a large position in what to all intents and purposes looked like a basket case. Following further research and in particular reading the contributions on the advfn BB thread by posters such as ‘yaki’ and ‘recto verso’ (now active authors members of http://www.pennysharemillionaire.com/). I can start to see why this could become a very interesting story. The potential returns from stocks that appear to be ugly ducklings but actually grow into beautiful swans can be some of the most dramatic around from my experience. Underneath the disasterous picture of huge impairment charges and accounting losses there appears to be the kernel of a business in one of the hottest growth markets around namely Chinese online gaming. The parts of the business causing the huge losses looks to be being wound down whilst the promising chinese online gaming business appears to be undergoing strong growth indeed it only really started in the current financial year. Within the £14m sales figure for Fiscal Year to September 2010 hardly any contribution came from the chinese online gaming business. Indeed as the statement below from the Final Results (released February 2011) statement shows the online ops only started in September 2010. Thus it looks to me like the 2010 results were in effect a ‘kitchen sinking’ exercise. The key interesting point is that after just a few month

Pretty sure there will be a trading update at the end of the month, this hopefully will say above expectations with a big profit.

Here is some latest research from the blog I will put it here until the signing in problem is sorted. Thursday, 8 September 2011God quit New game not yet launched (in packaging and testing) and already over 15 000 votes this month (only 1 week) on 265g.com. Ranked N° 1 today. http://www.265g.com/webgame/shenjie/ According to the company website, we are developer and publisher of this game.

Hi mate my yahoo mail is down at the moment when its back up I will post an email where you can ask to get access to the blog.

If anyone wants some really in depth research on GON the very latest from the gameing side here is a link to a blog site dedicated to GON. It has everything you need to know more than the company tells us. www.pennysharemillionaire.com/

Got a feeling that a small tick up is on its way