ESH Sets Foundations for Success!, page-377

The problem with ESH is they are trying to enter an over saturated market before building their customer base first.
How many tournament platforms out there for PUBG? Mogul platform is not even in the top 5. Far from it.

At the current rate of cash burn, management will need to ask shareholders for further hand outs so that they can keep paying themselves salary and bonusses.



Administration expense and employee benefits go up.
Marketing & promotional / Tournament operations go down.

Very badly manage. The arrows should have been pointing in the opposite direction.
What this essentially means is company is burning cash by paying management and staff more.
Also spending less on marketing and promo.

Revenue for the entire year is only $161,242 but total cash outflow is $2,228,141.
Not to mention, the $161,242 is inclusive of a $50,000 government handout. In reality the receipt from customers is only a measly $85,625.



482 million options on issue, exercisable at 2c. Good luck with the share price moving anywhere.

The only positive thing is if all oppies get converted at least it will help the company stay afloat a little longer without having to cap raise.