Ann: Mixed Reality Game Development Partnership with Meta, page-15

The Shiba deal was announced in early Dec 21 when the revenue run rate was $10m - $12m per annum. Based on the ASX's material definition, 5% to 10% of that is a million $ give or take, which it could easily be the case. Current run rate is now much higher, more than double, epsecially now they have an ex-Canaccord corporate adviser on their management team, I doubt they could afford to mislead the regulator/market.

Also, much prefer a contract with Meta than Shiba. If I have to pick, I know who is going bankrupt first. Security of future cashflows is the key.

Like I said, this deal is a hybrid deal that has elements of WFH and an IP. I see this deal's size is similar to the Take Two deal, so potentially somewhere between $2m to $10m for the next 2 - 2.5 years. Who knows, but I do know organic growth is very appreciated by the market, especially from a repeating customer.