I haven't reviewed the numbers but the HotCopper news item stated $1.7m revenues for 1H 2018, I'm not sure if they snuck any items into the revenue column like cash raised but if that's all revenue from operations - annualised $3.4m is a far better number than I would have expected. Most of this must be coming from APAC and it reinforces the need for a market update on that project as it's been radio silence for too long.
On the P&L, yes a big haircut on ICI but remember the ESports deal involved them reducing their ICI holding substantially and picking up a share of ESports (was it 3%?) so there would have been some substantial accounting adjustments for the shifting around of asset values.
Not sure how ESports is valued, I don't believe they are listed so it's impossible to say it's worth X amount of value it will be interesting to see how they present that in the P&L.
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