The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Guzzler - we don’t know yet because the last quarterly revenue statement went up to the end of September (excluded the NFT drops). We should get another on January that will be up to the end of December. I doubt they’ll split out the revenues from the individual drops though as they’ll be sensitive.
Why don’t people wait and see what MOS do with the Mexico NT NFTs during the World Cup, and then the associated revenues reported, before catastrophising that they’ve dropped the ball. It’s just needless, the event hasn’t even happened yet. Criticise the company afterwards if the opportunity has been squandered but what if there’s huge revenues reported from a successfully implemented NFT strategy?
BB - did MOS effectively prove you wrong by 7AM the day after you posted ‘ knowing what this share is like I wouldn’t expect much’ in relation to them signing new deals this week?
Guzzler, it’s not investment advice, it’s just common sense. Why would anyone keep their money in a company when they didn’t believe it’s strategy would work and they had no confidence in the CEO? That’s just illogical surely? The only thing even more illogical would be to hold all those beliefs, keep your investment in the company and then trash it on a public forum doing maximum damage to it. Something doesn’t add up there.
I still think it’s on the tipping point of profitability, I’m sorry the timescales might not be to everyone’s immediate liking but I believe when we see the revenue figures from the recent NFT drops we’ll see the trend that puts the company into profit. If I’m wrong I’ll be proven wrong by the numbers, it’s just my opinion.
Toffee man - what I’ve found interesting is that for a good few weeks most positive players have taken a break from posting. Perhaps all of us took the understandable view that after the placing and with no market reaction to the first few NFT contracts it might take real revenue figures to move the SP so we might be waiting for a period.
What occurred in that period has just been the same few names trashing their own investment (apparently) on an almost hourly basis. It wasn’t even a debate as there was no one answering them back, just mindless trashing with a lot of factual inaccuracies (e.g taking revenue figures that didn’t include the recent NFT drops), baseless catastrophising (the market place won’t work, there won’t be any NFTs, no one will buy them, they’re worthless - all proved wrong by MOS yet not recognised by a single critic), and very personal attacks against ME on a continuous basis.
If people are truly invested and looking for a near term change in sentiment on the share price then what are you hoping to achieve by this senseless trashing? This BB just became an echo chamber to about four posters to churn out post after post against the company with no one even responding to them.
As I’ve said before, if you don’t like the company’s strategy, or you don’t believe in NFTs, or you don’t think the revenue will be enough, then just sell up.
One thing to stay positive about guzz though.
Pumas signed a contract based on only seeing a concept of the NFTs and the market place. They are a huge club who could have partnered with many companies but MOS had the competitive edge even at that initial stage without a single live example.
Every deal since (and that MOS make in the future) will have looked at the live proposition with Pumas. They’ll all have seen the Pumas drop and the market place, what the NFTs look like and most likely numerous models of possible revenues for their own organisations (all they are really interested in) based off the existing NFT drops already.
If these NFTs weren’t selling, or if they looked rubbish, or if they were making no revenue, why would multiple clubs have signed up? For a free 100k? The opportunity loss for them of going with the wrong NFT partner would be far greater than whatever amount of cash MOS have stumped up upfront. These clubs are all looking to make money, increase their digital brand, tie in customer loyalty etc. Each of Pumas, Mexico NT, Atlante and now Necaxa have independently deemed that out of the entire sports NFT market place providers MOS are best placed to help them achieve those aims.
These organisations will be very careful and very scrupulous about who they put their brand names against. The cost to their brand of a poor NFT drop would be astronomical. Do you really think these organisations would take that risk and partner with a firm that they didn’t like the proposition of just because they flashed a one off payment in front of them? Serious corporate entities just don’t act this way. Every single deal that is made is yet another ringing endorsement of the company, it’s ability to deliver, it’s proposition, and it’s reputability in the market place. These organisations could partner with anyone but they’re seeing the work of mobile streams and picking them. The word partnership is key, they have all independently assessed MOS as a suitable partner.
The SP is obviously disappointing. Wider market sentiment is poor across all shares. The revenue model for MOS was difficult for some investors to understand originally and the pivot to NFTs (plus the placings) has stalled sentiment here in the short term. None of this detracts from the wider trend though. The AI SaaS platform, the market place, the NFT platform, affiliate contracts, it’s all coming together into one huge revenue generating proposition with multiple cross selling and revenue generating opportunities.
I’m convinced we’ll start to see this come through in the revenue reports but they will be the only things to move the SP. We need to lose the expectation that one contract win RNS is going to send the share price rocketing. That’s not happened 4 times now. The market will not ignore actual figures though.
monthly* variances - apologies for typo
Guzz - I’m not sure what the hang up is on Monday that variances between revenue numbers. Look at the wider year on year trend, over 200% increase on revenue from revenue streams that the company is no longer even prioritising because they are convinced the greater opportunity lies in sports NFTs.
Let’s just see the figures. Investing is a long term game and the only long term trend we see currently seeing from MOS is a huge increase in revenues since the current BOD took over. If they’ve made a misstep with the current strategy we will soon see, but if they haven’t we will soon see the rewards. The problem with waiting for a guaranteed sure thing is that by then the market has caught up and the investment opportunity is gone. You always have to risk something for big rewards. It’s a simple equation though, if you feel the risk of MOS delivering is too big, or too far in the future, just take your investment out. It really is that simple, trashing your own investment hourly though achieves what?
Guzzler - you must know that the last revenue update was upto the end of September, as the Pumas drop was in October it obviously didn’t include any NFT revenues (although it did show a huge year on year increase on all existing revenue streams which is far more relevant than an isolated month v month comparison)
I’m not sticking my finger in the air and hoping for good figures (well I am hoping for good figures, aren’t we all?), I’m actually just waiting for the real figures rather than posting multiple times trashing the company for negative outcomes that actually haven’t happened.
Well then people can go and see the amounts flowing into MOS’s solana wallet if they know how.
You don’t think there will be any revenue before Christmas? The quarterly report will include the revenue from the pumas drop and the Mexican NT initial drop plus any others over the next 6 weeks. How will there not be any revenue, we already know the Pumas drop sold out!
If ME spoke about a pipeline of 30 deals then he’s already locked in over 10% of it with at least three major teams now. How quickly were you expecting a small growth company like MOS do realistically move?
The catastrophising has gone from ‘there are no deals’ to ‘I’ve not seen a single NFT yet’ to ‘the marketplace is only in beta mode it’s nowhere near ready’ to ‘there’s only one deal’ to ‘the NFTs don’t look very good and no one is buying them anyway’ to ‘yeah another contract but we’re being diluted and there’s no revenue’. Are people going to go back and issue a mea culpa for being completely wrong about doubting MOS could create NFTs, create the market place, and close deals with big teams? Probably not, they just seem to move onto the next worse case scenario they can think of. If the revenue report is good in January what then?
People should just wait for the revenue report. It’s clear the market isn’t valuing potential earnings at the moment (across almost any share). The revenue statement will be undeniable though, either people have been buying NFTs if they haven’t.
A lot of what some people are positing is just extremely negative unsubstantiated subjective opinion.
The simple answer to all of this is just to wait until the revenue statement (probably early January?). That would cover the three months including the NFT drops so far and any upcoming drops as the revenue from them is immediate.
Then it will be clear to see whether the strategic direction the board has taken the company in is worthwhile or not. Just going around posting day after day that NFTs are confetti, that you don’t like them, that they’re worthless etc. is not really anything other than opinion.
ME and Nigel must have looked at the projections for pivoting away from prioritising expanding some of the existing revenue streams and moving instead to taking advantage of sports NFTs. That strategy will either be a sensible one or not, but hysterically claiming it’s a busted flush before we’ve even seen a single revenue figure is just ridiculous.
The year on year revenue increase percentage is huge, and as the figures are up to the end of September it doesn’t even include either of the Pumas or Mexico NT drop.
Where does that line of thinking logically lead though Steve? Are you really saying that ME Nigel Tom et al are all in on an elaborate plan to live an exec life for a few years whilst winding down the company to zero value? What would be the purpose? Why would they bother working for all these deals and developing the SaaS platform and market place? They could have just kept a few tele contracts and done placing after placing on the never never if that was the goal. Far less work, far less expense.
Following your train of thought you’re suggesting that the revenues are either not going to materialise or that they will, and we’ll rake in millions of pounds, but the BOD will still dilute for a few 100k in May so they can live a nice lifestyle? It just doesn’t make sense. Then you say that they could have raised but done it at a later time when the price was higher. ME even contradicted this one on the call today, what would be the point at that time, we’d have revenues from the existing deals but crucially would have lost out on major deals.
Ultimately we can debate this all day long and Guzzler is right that results will be needed but it’s not as though we’re going to have to wait long for answers is it. There’ll be a revenue reports over the coming quarters. The money will either be there or it won’t.
After watching the investor presentation, ME said what I hoped he would. The placing was to take advantage of deals that are in the pipeline that will create more value than the dilution. He even put a timeframe on them, they’ll be concluded by the World Cup. The revenue is transparent on the block chain, we can literally see the solana going into MOS wallet.
It’s unfortunate timing yes, but it’s not as though ME and Nigel were singing from the rooftops how wonderful this placing was. They even spoke about how they could have just not done it, missed out on the deals for a short term increase in share price. They’re clearly confident that they’ll create more value than the dilution.
Imagine the scope of what some of these deals could be. They mentioned them in the presentation. More teams in Mexico, la Liga teams, they’ve turned down an NBA deal, boxing, individual athletes.
It basically all boils down to whether or not you believe in the NFT model or not. If you don’t then the company has made their strategy abundantly clear ‘to be the number 1 sports NFT market place’. If you think this is just selling confetti then you may as well sell up. If you believe in the revenue opportunity of NFTs though, then why would you sell just at the point when MOS is starting to monetise multiple deals?
The placing is extremely annoying in its timing and it’s discount but it doesn’t change the bigger picture at all. If MOS build a market place housing exclusive multi year deals with major sports brands, cross selling multiple products, profiting from resales, bringing in instant NFT revenue in the millions of pounds then the value created will be huge.
Pivotal few months ahead now. This is AIM investing though, you’re either confident in the risk you’ve taken or you’re not, there’s no risk free stocks in this market though. Don’t like ME or NFTs? MOS probably isn’t the best investment for you and you might want to sell up (although I’d wait a while until the revenue from multiple NFT drops has hit the accounts)
Jemgee - this is my opinion also. It wouldn’t surprise me if a few national FAs are wanting to try and cash in on the World Cup and have seen how MOS have mobilised the Mexican NT NFT drop. Imagine if one approached MOS and wanted something for the World Cup, MOS could do it but don’t have immediate funds without risking the business, perhaps the opportunity is too great to turn down. Equally club sides have messed up NFTs in the past, perhaps they’ve seen numbers from the Pumas drop and have engaged. The pipeline of start ups might be enormous before revenue catches up. Maybe MOS have taken the decision to raise to ensure more of these contracts can be mobilised so that the revenue stream is fortified moving forward.
That’s what I hope ME comes out with if he does a round of interviews but it’s just a hope, not a ramp, anything else from ME though and the raise is extremely disappointing.
City - I’ve read the RNS a few times but can’t discern if the 50k sales revenue is all for MOS or if that’s the total figure then subject to revenue sharing between Pumas and MOS (just for exact clarity to any new investors who may be reading)
Either way the numbers are hugely significant as it’s showing that: all NFTs are selling for a minimum price of $5, lots of the NFTs have clearly sold for more than that in order to generate the 50k figure, the demand is there for NFTs that may not be the biggest draws (e.g Alves).
To get all of this on top of confirmation of the market place working and that it was done without significant marketing expense is fantastic news.
Exactly City - Then some may wish to do the maths on potential prices for each NFT and the numbers that might be sold within days/weeks to that market with revenues flowing immediately to MOS. Then factor in multiple NFT drops per client. Then factor in the percentage MOS keep on the resale when these are traded.
Then multiply that by upto any number of clients MOS can onboard (via a process that is now well honed)
Is that he sound of a penny dropping for some?
I find it almost inconceivable that organisations like Pumas and the Mexican national team would have signed the scale of contracts they have, with the timeframes linked to the World Cup, if they’ve not seen a market ready version of the MOS metaverse. A complete non starter of an issue in my view. I’ll wager it’s ready but there’s little point in formally launching until you’ve got products to sell, hence the deals being struck.
Such a shame the BOD put all that effort into acquiring IP and building out a joined up cohesive proposition with fertile markets to sell it into and ownership of the delivery method.
If only we were reaping the regards of that work now…..