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Ann: MTN Arena registers 80,000 new subscribers, page-74

  1. 172 Posts.
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    I do this to stop you from deceiving people.
    *Note: I am summarising a timeline, please DYOR. Not financial advice*

    • June 23rd, "MTN Arena will go live before the end of the month"
    • July 8th, "MTN Arena is now live"
    • Aug 17th, MTN Arena has 10k subscribers (arguably not all concurrent - my interpretation)
    • Oct 7th, MTN Arena has 25k subscribers (arguably not all concurrent - my interpretation)
    • Oct 30th, EM1 releases a quarterly, quote directly from the beginning of the announcement; "Emerge Gaming Limited... presents the following activities report for the quarter ended on 30 September 2020(the “Quarter”)."

    Hence: MTN Arena went live sometime between June 23rd and July 8th (presumably very close to the date of July 8th, or else the announcement would have been earlier). They presumably began with 0 subscribers. By Aug 17th they had registered 10k new subscribers. The revenue invoiced in the quarterly was for the quarter ended September 30th. Oct 7th they had registered 25k new subscribers.... worth re-stating: 25k subscribers was not achieved during the period of time that the quarterly was reporting on.

    By the end of Sept 30th, they had somewhere between 10k and 25k registered subscribers. I am unable to say how many, and I am unable to confirm if they were all concurrent or not.
 
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