Management did mention the were involved in a land grab. This would seem to be more land! I say keep grabbing and worry about revenue later.
It is all about access to subscribers then actual subscriber numbers then the real revenue will flow.
Remember they reduced original size of the IPO and seem unfazed about cash burn so I think they are very confident of revenue being forthcoming. If that is the case then this announcement is huge and must be revenue accretive in the near term.
Go you good thing!
SYT Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
