SOI: 467 Million shares + 248 Million listed options EM1O ( .02c strike - exp 18/4/21) 188 Million shares + 196 Million options held in escrow until April 2020. MC = $25 Million. Cash: Company just raised $1.8 Million in CR @ .03c.
With the introduction of additional funds, the Company is now bolstering its launch strategy to be more prominent, widespread, and robust. The launch will incorporate the newly formed partnership with iCandy with extra resources allocated to fast track integration of high-end content and expand the marketing strategy spend across a larger number of regions to capitalise on cross promotion opportunities across iCandy’s 350 million users. Launch focus has been broadened from concentrating primarily on Australia to a simultaneous Australia and Asia launch to capitalise on iCandy’s footprint in Asia. The strategy will also lead and tie into the subsequent roll out of GameCloud streaming technology, laying a strong foundation for the success and mass adoption of that product. The Company is also nearing completion of a significant rollout into Africa and the Middle East, with unique integrations and setups on the technical side of the business, giving Emerge Gaming access to a number of new regions.The Company is gaining significant traction with leading brands and the Company expects to launch ArcadeX with a leading brand over the coming weeks. With the implementation of the updated strategy the Company is now focused on increasing the scale and geographical reach of the launch. The timely access to additional funds from the Placement will ensure that the Company can execute its desired objectives. Given these exciting developments, the Board has made decision to launch ArcadeX in the coming weeks to ensure maximum impact for users. The GameCloud technology has been validated and successfully tested across Singapore, Indonesia and has recently completed testing across all major telecommunications networks in both South Africa and Australia. This exercise has further endorsed and authenticated Emerge Gaming’s position as a first mover in the cloud game streaming space, a sector which has recently been the topic of much global attention and excitement. With GameCloud in its armoury the Company is now well positioned to capture significant market share leading into the product’s launch over the coming months.The Company is focussed on accelerating its rollout plans for GameCloud to capitalise on its first mover advantage.
CEO, Gregory Stevens noted: “The interest and support we have received over the last few months has been incredible, and we are riding a wave of interest in the online gaming space. The funds raised will allow the Company to aggressively pursue its goals in particular, the infrastructure rollout of the GameCloud technology and the highly anticipated international launch of the suite of ArcadeX products.”
EM1 has the potential for a significant rerate in coming weeks and may follow it's gaming industry peer AB1 to a much higher MC.
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