Honestly the only time I would participate in a stock placement...

Honestly the only time I would participate in a stock placement would be if the shares were free with free attaching options with a strike price of free. I cannot see any upside at all unfortunately. I took another look at their recent app (Aim Assist Analysis) on the Google Play store and since launch there's only just over 10 downloads. Not looking good...

A quick browse through their history and they've already previously released a sports prediction app back in 2019 - this looks to be non existent now and earnt them close to nothing in revenue if it was released.



Not one partnership over the last 3-4 years has eventuated into any (meaningful) revenue. Neither has their claimed tens of millions of users. None of their ventures has panned out to date. Year after year their revenue is close to nothing and their expenses are sky high, as seen in their yearly reports.








2019 NOTE: it is my understanding that they had $0 revenue for 2019. The sum you see above is made up of capital raising amongst other things. If I have interpreted this report incorrectly please correct me.

Although a lot of things do not seem transparent and leave one asking a lot of questions, one thing that is though are the financials. You can see where money is being spent and the money coming in. The 'being spent' part should be taken note of closely.

Unfortunately, the way I see it, they're unable to provide shareholder value with the on-going products, deals and partnerships they create. A lot of them seem to just disappear without a trace. Just one off the top of my head was the SportsClips deal which was meant to be a cash cow - their website has been taken down and no explanation. We won't go there because that's another whole topic in itself.

To answer your question, I would say novus capital would probably find a way to raise the money. Companies like this usually do manage to keep their head above water for their own benefit, as there haven't been any long term value for the shareholders to date. This of course could change one day, and hopefully it does.

I am interested to see who would participate in the raising and for how much. I believe it should be coming soon.

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The above is solely my opinion. As always you must do your own research. Sorry for the long post, there's a lot of information to unpack to determine why someone would or wouldn't participate in further cap raises.