Another example of disceptive and misleading statements;
"the Company now has a solid base of paid memberships, effectively covering the fixed monthly recurring costs incurred when the service was launched."
so interpreting this fuzzy PR wording, means the opex in 2021 at launch is now the equal to the revenue theyre getting in 2024. At launch the user base was infinitely tiny, now in 2024 theres 10,000 paying users. The cost base in 2021 launch would have been tiny, so now the company has admitted their 2024 revenue in cloud gaming is also tiny.
scary to think how large the cost base is in 2024.
not sure how respectable a investment proposition is when even the lawyers cant spell correctly in the announcements, and none of the directors even pick up spelling mistakes. Talk about being asleep at the wheel.
" for the sale of clarity", should read "for the sake of clarity"
new zealeand market isnt real. It's just another story to hype to new investors in next weeks capital raise. The high costs having to host a server in new zealand, and a 5 million population, the juice nowhere near the worth a drop of the squeeze. These guys just a hype machine with no real business prospects - whats happened to the $4m Canopus investment thats turned to zero? Havent had any newsflow on canopus...
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