that’s simply not true though, zwift and probably more...

First 30 Last

Share
Profile

Follow
KelpieInvestor

860 Posts.

82

01/04/22

20:56

Post #: 60592459
Share

Originally posted by KeenDog: ↑

May I remind you that CYQ is a discretionary consumer goods play. It's core business is the production of cycling accessories so yes a move to the Metaverse and NFTs is indeed a pivot.

Do you honestly believe that a cycling accessories company is going to receive a boon in brand awareness with gamers? For my mind a gamer's primary choice of recreation isn't riding a bike but rather riding their couch on the latest console. You're drawing a very long bow to suggest otherwise.

The notion that a company can spend "very little to nothing and potentially result in exponential new revenue" is what is wrong with the Metaverse announcement.How about a focus on making product lines that are widely adopted and sustainably profitable. All CYQ is currently doing here is feeding shareholder fantasies and dreams aplenty all the while siphoning them of their capital.

Having blind faith in Merchant as the basis for one's investment sums it up for me here.

Expand

that’s simply not true though, zwift and probably more pertinently ROUVY/Fullgaz/Kinomap etc all have elements of gaming/app usage and especially those apps that apps which use real mapping - represent a key demographic in who Cycliq sell too.

I don’t disagree with part of your skepticism but you don’t sound terribly knowledgeable about the company and uses of its products.

CYQ Price at posting: 2.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply