This is a fantastic announcement for sure. Cash flow positive. Big revenues. 1 million active userson Sandbox. Creator of Microsoft Games as advisor.
However, $5.9 million is to be paid in shares. We have over $6 million in the bank yet we aren't using it? Further dilution instead of using what they had. The dilution doesn't matter as much when we're aquiring a cash-flow positive company, but it's certainly weird to pay out in shares not cash.
Although the positives are:
1. If they are happy to take $5.9 million in shares they (Pixowl) think that $5.9 million will grow in value/be better than getting cash.
2. We still have so much cash, so more announcements to come?
