Ann: Trading Halt, page-439

Story time:
I'm new to investing (couple of months only). This is my first risky investment. I even jumped in without doing my due diligence (something for me to learn from). I bought in literally at the peak price of 17c before it started coming down. I was finding my own "red flags" in relation to the connection with Cloud1, then found other people had found the same red flags and they were saying it's a clear scam. I got scared and sold at 12c...
Yesterday still acting out of emotion I bought back in at 10.75c mostly because I wanted to get some of my lost money back and hoping it would pick up a bit this morning. Then the news of a trade hold came and I got even more scared... but the trade hold is giving me time to research more...

My thoughts now:
I'm doing a lot more research and this is really an interesting one. Doesn't appear black and white anymore. Emerge Gaming appear to be a legit company with a "platform" that they are trying to figure out how to sell. I think it has taken a lot longer than they once thought to get this technology to market (as evidenced by them looking to launch Arcade X in Australia in March 2019; which clearly hasn't panned out). They say the MTN Arena was 2 years in the making, but is actually growing right now. It launched in August 2020, had 10,000 subscribers by Aug 17th, and 25,000 subscribers by October 7 (just over 7 weeks). I'm still reading but I'm really looking forward to seeing how much revenue this is creating for Emerge Gaming; as they will clearly be splitting it with MTN which is a separate company... If we go to Miggster and Cloud1; it appears they are continuing with the strategy of getting other companies to market the product; but using Emerge's "platform" technology; and sharing the revenue. This move is definitely risky, just due to the controversial nature of Cloud1 and its operations. I think clearly the SP has shot up a bit too hastily due to... hype/fomo/noob investors like me? Definitely going to be interesting to see how things pan out.