Source:
https://indiegamehaven.com/how-many-indie-games-are-successful/
"$17m in the bank" is chump change and very far removed from the reality of AAA gaming which have budgets and development cycles that eclipse most Hollywood blockbuster movies.
In all their years of being listed EM1 haven't even spotlighted one game with video footage of something resembling a work in progress project. Which isn't surprising since with Muggster they were touting AAA game streaming over 5G internet in *checks calendar* 2019 only to pull the rug from under holders and deliver rubbish HTML5 games that were in the public domain.
What makes this different from every claim they were making over the past 3 years? Because they say it's so? Well that's what they were doing with every "next big thing" like NickX, ArcadeX, Viacom Africa as per every big project they claimed would put them on the map since the company listed.
Would be nice to see something tangible this time instead of puff pieces in ASX announcements. If the company wants to prove doubters wrong then show a good product that makes people believe it's worth even this $16m market cap. Though historically speaking I expect to be disappointed again.
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