yes, I took a punt at .08 today after a long night of...

yes, I took a punt at .08 today after a long night of researching this company.

The threat I see here is that this specific game is the sequel to crazy kings with a total 1.4m downloads. It could be the base of fanatics from this game that started this with a bang and could fizz out from here.

This is what will hold back the serious money for now.

My rough valuation as it stands now with no growth and continued current revenues tracking at 10-11m /annum, roughly 3-4m EBITDA and p/e of x10 puts it around the 8-9c mark.

An increase in uptake from here of only 10%/week ongoing will see this returning over 600k/week in 3 months. That is why I took the punt.

If all fails on this front, the company's recent restructure and direction is impressive and I think it has more potential even without this game.

I see a levelling of sp over next few sessions and maybe a ramp up mid next week in anticipation of another update. Anymore excitement rests on the next lot of numbers.