Originally posted by foo ling yu:
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Yes, ab1 definitely has atleast 25 million ICI shares from the app sale to iCandy. Could be more if they owned any prior to that deal. Not sure on that. From what I'm reading on ICI, doesn't look like they are even in the same ballpark as animoca on blockchain. Looks like a jump to the bandwagon from here. But that spike today has me intrigued, nothing I can see so far warrants that boost. ICI had a user base of 25mil before they took on ab1's 350 mil users with the app sale. Ab1 is still entitled to further royalties on profits from the apps. Given that ab1 multiplied their user base by 1400%, it's likely that we are in the running for a slice of its pie as well as the gains in stock value so any success there is only good for animoca.
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If i read that correctly that will only be after the company draws more than 1mill a year revenue from the AB1 games, that's for the royalties.
If that occurs it's great news for both parties.
What was the revenue from the games when AB1 had them?