You've got a point Drifta.
I think the market agrees that pre-registrations are just pre-registrations and might not amount to many paying customers. But this is the great unknown at the moment and the price is where it is today because of the potential. If pre-rego numbers were actually subscriptions, EM1 will not be at current price of 12c but probably north of 50c. It is appropriately valued at the moment. I wouldn't write it off yet. not until we see actual subscriptions. Have to take risk to make money.
Good luck to all
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