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0.3¢ cycliq group ltd

You seen how many injuries happen while playing VR games.CYQ...

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Fatman8

6,823 Posts.

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01/04/22

18:22

Post #: 60589758
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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.

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You seen how many injuries happen while playing VR games.
CYQ need to start making VR helmets to protect people from themselves while in the metaverse.

CYQ Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
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