Nah I could tell that you were emotional when you posted and I just let it go through to the keeper as really you needed time to think about what you had done as you would become more reasonable rather than emotive (not having a dig at you here).
I've been in stocks that were 10c and dropped to 2c overnight (well technically announced something after close and opened the next day at 2c). This was because the CEO resigned and it is still remaining at 2c it has gone down to 1c and up to 4c but keeps coming back to 2c. I sold out as the company had changed and I haven't rebought back in to this stock even though I could technically buy it for cheaper than where I sold it however it has other issues. Other stocks have issues which to me a bigger issues than Mogul as Mogul to me has the issue substantial revenue however they have partnered and continue to partner with the correct crowd (pun intended). People may see the SOI as an issue to me this can be easily solved if it was something SH wanted as you just do a 10:1 consolidation and bam we now have ~300M shares wow! Except now you are buying a share at 7/8c instead of 0.7/8c (or 10 shares for 7/8c). The consolidation is the quick/easy fix, another fix that Mogul could do is do a buy back however this will only happen when (if) profitable. Will there be a consolidation in the future I would say likely but it doesn't change what % holding of the company one gets for their money.
I also wouldn't mind more announcements either as it seems to put SH minds at ease knowing something is happening however from the last webinar you can hear how busy the team have been with building over 120 windows/screens for this Walmart deal. Good part is they don't need to rebuild these 120 windows as they are already there but instead can improve them or even more another 120 things to make the product even better and more valuable to sell.
As I mentioned before the board are top notch, with the pedigree, expertise, knowledge, connections and experience to bring Mogul to a 'Facebook of gaming' type of solution. Does it mean that it will become it, nope but when you are looking at something sub 50M and right now at 20M MC to me this is extremely cheap hence why I bought. We have seen what the board has done elsewhere and even if they do 10% of these companies they have worked with then it would be a very comfortable hold as Canva is worth 15Bn USD (~20Bn AUD) within years of start-up which they had to build the product from scratch. Here the board have the foundations of the product when they joined and continue to build on it so IF they deliver 10% of the results of Canva then we are looking at MC of ~2Bn (crazy I know) even at 1% we are talking 200M which is ~10x where we are now...
This is what I am more interested in now for a double my money or triple which I have already had that chance (in fact it was more) and wasn't interested in selling (still wouldn't be even if it hit 3c+ tomorrow). As to me we don't ever know the future and things will always take longer than expected but when you have a captain such as Mike with the board like Mogul to me I am enjoying the journey.
FYI if anyone has questions there is the email address that you can get in contact with Mike or Gernot being
[email protected]. Whenever I wanted to ask something (rarely) these gents have been very prompt.
