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Ann: Extension of Voluntary Suspension, page-122

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05/11/20

17:35

Post #: 48669317
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Originally posted by barrybigjobs: ↑

Good summary BWill. I bought early in the rise, had a ride, sold, and took a nice profit. Bought again on a dip, bit stuck now I guess. Hey Ho. May go evens or a bit less overall depending on how it plays. Learning a bit from all the posts but to be honest not much, it's all focussed on "how" EM1 is/isn't delivering it's promises with pretty loose application of principles of right and wrong.

ASX will have a bit of a rummage around but let's not imagine they can do or answer everything people here are on about. Not only do their powers have limitations but their knowledge does too. If / when ASX switch EM1 back on there will at least be more public data to dd with given release of maybe the second round of questions and answers.

Completely different circumstances to ISX where I am similarly prone and where robo-posters were similarly evident (keeping ISX in "most discussed" for a good while) until even they got bored and tired and later concerned about scrutiny. Interestingly ISX is pushing on, making cash profits and growing at a clip - they certainly needed to clean their act up around corporate governance but ASX attempted to probe the technology stack and customer/commercial arrangements and allowed some of this to become public (beyond their scope and limitations) and are being pursued legally for this. ASX has a case to answer there due to playing beyond their powers and we will see if they do that here also. Any mis-steps by ASX or HC posters (and HC itself) can be held to the same scrutiny that the current ISX court case against ASX is delivering - any precedents set there will be of interest. For invincible posters here who don't get that their posts could be discoverable one day go check it out.

What the company (EM1) has promised as I understand is to;
1. Launch a platform with some games Nov 14 which will be available to those who have pre-registered to Miggster. This does not mean these are "subscribers"
2. Launch a premium platform in Jan / Feb 21 with some AAA games (TBC)
3. Keep at it with MTN leveraging MTN's 250m user base
4. Target becoming one day the Netflix of games (no date, no definition).

We can judge them against these promises pretty transparently.

There is a target for TIM to deliver 100,000 subs to the Miggster platform within 6 mths from Nov 14 launch (May 21) and pricing against any user signing up as a subscriber. There is no obligation to deliver this 100,000 but both EM1 and TIM are well incentivised and will do what they can to deliver it (within the law). My guess is that the launch of the premium platform is designed to be the catalyst for a larger move from free to subs (TBC?).

On TIM. EM1 were clear in Sep that they chose to go with TIM rather than facebook/google as they saw the latter as "saturated" and costly. I understand this in principle and I think most of us do intrinsically even if there are hairs on TIM that are pretty discoverable. It's important to remember in the "debate" that google and facebook sell users data (without their express say so in terms of how and what for) to ad buyers and profit astronomically from this trade - this is all done remotely without anyone in Africa etc. realising they are being "used/exploited". The invisibility of this magic makes it acceptable to most of us of course. I have absorbed the info posted on TIM and their process and I'm trying to reconcile it's relative morality v's google/facebook. I am open to people trying to find ways to develop marketing networks that go around the tech majors.

Enough. Banter on. I'm expecting more like end Nov trading again.

Expand

What the company (EM1) has promised as I understand is to;
1. Launch a platform with some games Nov 14 which will be available to those who have pre-registered to Miggster. This does not mean these are "subscribers"

I believe that Crowd1 is launching Miggster (which they own) on 14 Nov, utilising some of the cloud tech developed by EM1...

I also believe you will need to be a paid subscriber on launch date to use the platform...

As you can see, nothing with EM1 is black and white, many reasons why ASX are asking questions.

EM1 Price at posting: 10.5¢ Sentiment: None Disclosure: Not Held
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