My feeling now is Mogul is now effectively a listed shell company that some other gaming company can use for a backdoor listing on the asx, to get funding and legitimacy needed to scale and acquire others. Chris' job is to land the initial deal and probably get the acquired company to take over running the thing.
Gernot clearly doesn't want to run Mogul but he has a lot of money on the line if it fails. I imagine the strategy is more like 'Buy and get hell out'.
its obviously far far less than what we all hoped for, but there is still some chance something decent comes from this. Only time will tell
ESH Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
