New to this stock and just acquired a few over the past week after researching for a couple of weeks Always hard to hear and I completely understand long termers pain of holding while the share price is subdued, but it does seem like there is significant upside here if things go to plan The on market buy back I feel shows confidence from management $10m Animoca increase of their substantial holding seems a real positive too And the many strategic alliances formed I feel creates the same feeling I got back in 2016 when I bought Animoca shares But the main aspect in my research which got me on board was the Lemon Sky Studios acquisition Everything about it for me makes this investment seem way more derisked, and makes the $120m MC feel like it is at a discount price at this point in time Not many tech companies around with $15m + revenue and cash flow positive with massive upside for that kind of market cap Should help with all the cash from both companies to help build faster expansion into the Metaverse 2022 is going to be a year where the Metaverse is at the forefront of investors minds thanks to Facebook, Microsoft etc And ICI seems to be in a great position to capitalise on a higher valuation thanks to a great acquisition and being in the right space at the right time doing all the right things with all the right strategic partners
ICI Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
