The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Techno - that’s exactly right about the Beta testing, most users won’t even know it’s in the Beta phase, functionality is dropped across all apps and websites in beta mode all the time and users don’t know. It will be effectively ‘live’ from that point. For BET to even get to this point it means there’s a licence, it means the tech works, everything is integrated, and has passed all previous testing, and it means there’s a ready customer group to launch to.
City - I’ve just had a look at the site and the associated social media sites. There’s already thousands of followers on instagram and Facebook for a company that hasn’t even formally launched yet. Hopefully an indication of what’s to come when this is all set up.
Weedavemac - the original announcement did suggest early Q2 for Bet and later in Q2 for talk (I think). Considering it’s the end of May now we can’t be far off an announcement for Bet you would like to think although delays can happen.
Appreciate the response Jambone. Hopefully a good period for all patient shareholders soon.
Jambone - what’s your view on the testing timeframes? Hopefully news soon as it’s been a while since last update. Anything from RKB you can share?
Jambone - it’s good news to see the sipiem funds coming in for sure
The company needs a release on the Method B testing to really change the dial though. When FG said the last raise was for the servers and funds until revenue most people assumed that news would be close. Let’s hope that’s the case as it would be perfect timing if the company can pull it off.
I know you spoke to RKB recently, is he still confident?
Any reason for the postponement?
Scotty, if any investors are incapable of doing a small amount of research to look up the history of the company they’re investing in then you can’t blame that on ME. No CEO of any company is ever going to start a public engagement exercise by listing any recent failings and summarising all risks for possible investors, that’s absolutely ridiculous. Of course, ME is going to put a positive viewpoint out, if he wasn’t confident in the direction of the company then he shouldn’t be the CEO simple as that. That does not mean he is ramping.
Thanks City - will be great to hopefully get any insight on how BET is progressing
When is the give Q&A? I’m not on telegram but would appreciate any update from ME that can be shared.
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.
The original RNS announcing the expansion into BET also announced that TALK would follow shortly after. It’s not had much attention on here but if that lands successfully then you only have to think about the possible advertising revenues flowing in plus the free marketing for BET. Could be very exciting.
City what do you make of the (very) small reduction in percentage ownership for MOS in BET?
My reading of it is that it’s a huge positive and shows how central MOS is to this venture. The size of the funding investment coming in means some parties will have had to reduce their shareholding yet the tiny reduction in MOS’s says time they’re an absolute keystone partner in this venture.
Strange for HNWI to invest in BET (and for the company to create offices etc.) if the licence wasn’t in place.
A good positive step. Valuation increase prior to go live, wonder what it will be when revenues start coming in.
Rob and Ryan (the celebrity Wrexham owners) taking a minority stake in Necaxa. They obviously can see opportunity in Mexico.
All good, received this morning!
I’ve received the first email from Michael Cotter (and the update one) but I’ve not received anything about the zoom calls which Michael said he hoped to send on Friday (yesterday). Has anyone else received this?
Chipofftheblock - this was my reading of the last RNS also.
I’m not sure they have them working on the Bitmain rig yet. FG admitted that the porting issues hadn’t yet been solved because of the reverse engineering required for the rig and the chip (not documented)
But he mentioned there were NDAs with Chinese and North American rig manufacturers. So my view is the current live testing is occurring on a North American manufactured mining device. QBT would already have all the details they needed about the chip to be able to port.
For the people asking if tests had been running since December, it was only in the March update that FG said QBT has figured out the OS integration with CGMiner. Therefore I think as soon s this occurred they had compatibility with the US manufacturers, rig, chip, and operating system therefore allowing them to move to live testing.
Once the porting issues have been solved on the Chinese rigs perhaps we’ll also see testing on there. If the US manufacturer is Block though then this would be brilliant news.
Offices branded and staff on site already working. Neither probably happen if there was any doubt about Estadio being set up. All good indicators.
Appreciate the response City - the tie up is certainly interesting, a company the size of Bitso doesn’t just partner with companies who have ‘nothing’ to show for themselves.
What I’m most excited about however is if BET successfully launches we will be in a position where we will be break even as a minimum very quickly. That will then be a consistent revenue stream both from services to BET, and profit share. How many AIM microcaps can say that. Thats before valuation of the SaaS platform in the context of underpinning an online igaming platform is even discussed.