If they can't prove the business model, sure..
Do i think they can continue to tap the market for cash or raise via CNs even if they can't prove the model.. yes.
The real risk to holders is dilution before they can prove the model, not it going belly up.
If the team hubs don't work expect a pivot then a raise.
If the model is proved via team hubs expect a rerate.
I'm honestly looking to take a punt but not at these levels or with what they have proved so far. hence why i'm following it.
Ann: Mogul Enters Indian Esports Market Alongside Critical X, page-86
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