Ab1. Didnt they sell off one of the main money maker games to pay off a substantial debt last year which caused them to nose dive?
i got burnt pretty bad from that. Dont understand they didnt just restructure thier out-standing debt in order to mainly a positive cashflow.
they sold thier top game for 8mil i think. Then proceeded to do a cap raise soon after.
my info could be wrong (it was a year ago) DYOR.
But i'd be careful. If thier new games flop expect a cap raise soon after.
so youve been warned!!
AB1
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- Afternoon trading April 30
Afternoon trading April 30, page-68
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