Ann: Esports Mogul Raises $4.41m in Oversubscribed Placement, page-37

Mogul Arena has been available worldwide since Dec '17 so I'm not quite sure what you're referring to. Marketing perhaps? Still, tells you how little traction this has gained if none of them have heard about it, even in such an internationally orientated community.

I don't know how much Razer contributed, nor Cloud, but we'll see if there's a sub notice. Regardless, a million or two is a token gesture from Big Daddy Razer. When they buy up 19.9% on market, I'll change my mind.

Answer me this; if this were such a fruitful venture, why would Razer not create their own platform and cut ESH out completely? It wouldn't be hard to employ a team of programmers and control 100% of the project. I couldn't imagine any realistic scenario where Razer are grovelling for ESH's assets. I've used Mogul Arena, and it's forgettable to say the least.

IMO All this smoke and mirrors is distracting you while the company issues 100m free performance rights, and dirt cheap placement shares to insto's - of which you clearly haven't factored in because of undiluted '22m' mcap figure. So keep believing whilst this gets diluted to oblivion.