Ann: PlaySide Announces Capital Raise to Accelerate Growth, page-31

Yeah i've been all over ICI and MKL as well. In a nutshell, ICI owns like 8% of MKL. MKL shares rallied yesterday because ICI entered into trading halt pending a cap raise and an acquisition. People speculated it could be MKL. Even if it isn't, MKL share price will follow ICI share price anyway so if the acquistion is good, ICI share price will rally and MKL's will follow suit.

ICI is basically merging with Lemon for a bit of cash (38%) and the remaining 62% in script.

So ICI made $3.6m in rev last year and $100k in net profit. Very tiny revenue for a $58m mkt cap company I might add. MKL makes the same amount of rev and its mkt cap is $18m.
Lemon made $14m in rev last year and $3.9m in net profit.
So combining the two, we'll get $18m in rev and $4m in net profit.

CanAccord forecasts Playside makes $18m in revenue this year and $35m in revenue in FY23. Also, those numbers were done before the 8-figure deal was annouced to the market. And PLY is heading into blockchain gaming as well.

So, I wouldn't count PLY out.