Firstly, EM1 do not own Miggster. All branding, domains, cloud services, mascots, trailers, etc is owned by Crowd1.
EM1 own the white label platform, "Arcade X", which if they sell are also selling the platform that MTN is using - which is no loss since it barely made 50 cents per user. Meaning that the average user on MTN Arena used it for less than 10 days. Yep, the platform is THAT good. 10 day user retention for people who aren't mixed in with a pyramid scam. Pretty average.
Literally the first result.
MTN Arena lost money - fact. The only way EM1 was able to "collect funds" was through verbal arrangements with Crowd1, a known and listed pyramid scheme company where Crowd1 paid millions to bundle an annual subscription to giveaway to their victims for free.
That brings us to the AAA Game service that has been promised since 2018 and supposedly launching in 2019. *crickets*
That brings us to them marketing themselves as an e-sports gaming company. *crickets*
You say once they sell Miggster that will legimitise the company - no, it just means they will go back to mimicing 2018 and 2019 where they burned through all their capital raising with no revenue. Wonder how long the $9 million from their option dilution is going to last with them branching out into so many useless directions that don't generate revenue.
Most of the board at Regency don't care how well the company does, they make money from their corporate services whether it fails or succeeds. Which leaves Greg, who is way over his head in trying to operate a publicly listed company. Just keep throwing out those buzzwords like NFT's, metaverse, crypto, etc... that'll sucker people in for another 12 months until the next buzzwords come out for 2022.
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