I think a contributing factor to the constant big buys and sells is that ESH is on the Day Traders radar, I have noticed it has been appearing in the 'Day Trader Forum' quite a bit lately, especially the last couple days..
I had a read of the last business report today (posted 31st July) and found comfort in the fact, before even signing Michael and Kate, that MOGULs priority at the moment is improving their product. There's no point claiming you are the best in a certain field without having the product to back it up, I am sure Kate knows this before committing to the company and Michael as well, they see potential in this product and I believe this along with the possibilities that the emerging ESPORTS world has is what brought them onto the team.
Build a product, trial it, develop it and find people who know how to market it... this to me looks like a solid foundation to build from.
Patience wins this one, the SP might do some wild things until the next announcement, but I am sure when the SP starts it's move we will shake off the day traders and bring in the real investors.
On a side note,
the 'Liga Adarna' competition kicks off today, it is getting a bit of coverage, especially since the Philippines biggest telecom provider 'Smart Communications' is a major partner. There are a number of official esports teams taking part in this with pretty decent fan bases who I assume will be watching the live streams.. This seems like a good test for Mogul and it's current capabilities.. with the big names involved in this competition I am sure that assuming it is successful, could add to the resume of MOGUL and prove that the product is beneficial and useful to anyone looking to run tournaments through this system?
Again, all IMHO.
