My take so far.
I wrote about a month ago on the intensity of the down and up-rampers. It was bizarre then and it still is now, especially from those who do not own the stock. The term troll comes to mind. A month on, EM1 is still right at the top of the most discussed stocks.
Initially, I was extremely sceptical I would see my investment ever again. (Not much money). I was really worried about the connection with Crowd 1 (still am), but I was more worried that, not long out from launch they couldn't list the games i.e I was worried about the product. The pre-reg numbers (11 million or so) didn't worry me as I knew they could be easily faked.
We now have some of that information answered. The registered user numbers are coming through (yes small in number compared to 11 million but seriously who in their right mind would think you would get anywhere that number). People are starting to use the platform. So we are starting to have answers to the questions we all had a month ago. Whether it is released in small countries or big, should not be the concern. At no stage have they ever guaranteed Australian users access. The fact remains, if people are using it, paying for it and it works, that is the most important thing, the Product.
What no one has really answered for me is that what is the difference between the hundreds of mining companies announcements using flowery language to spruce up feather dusters (using misleading language) and EM1 using pre-reg numbers to over-exaggerate interest? I see dozen of boards on HC complaining about lifestyle companies and how the directors are making a living off nothing. Pump and dumps, cap raises, drilling campaigns that promise the world and then they try to make them look as though they are "the next big thing" when in actual fact are absolute dust. Yet it is always carry on.
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