Nope the problem is you have a mini recession occurring.
Bitcoin or crypto is down.
Lots of issues occurring outside of the companies control.
You guys are acting like ICI is the only company, many companies will be down at the moment.
ICI problems have nothing to do with web3, crypto, management or any other rubbish.
It goes to three things.
1. No games have been made yet, we are a gaming company. 2. Down market with mini recession occurring, inflation. 3. We are a jnr or penny stock company in a downturn market.
Biggest problems are no games being made or being held back. Why are some being held back that is due to the downturn in the market which is definitely out the control of ICI.
So nothing we or them can do as such we just need to ride it out with them.
While we are operating at cash flow positive with 21m in the bank that to me sounds easy to ride it out.
Who knows how long this rubbish downturn will last but easy to ride it out.
Just remember no games is no good but bringing out games in a rubbish environment is worst, so we ride it out.
If you wonder what management is doing that is probably it, riding it out.
If you wonder what they will do while riding it out or have been doing I will write below.
1. Getting wfh sorted while not launching games, absolutely pumping. 2. Sorting out the acquisitions. 3. More than likely making the games even better.
Positioning themselves for the moment when it comes to launch in a better market.
I do actually think management is riding the downturn out on all markets. They have the cash while running at cash flow positive that is the correct thing to do as well in my opinion.
Not blow millions buying back shares ect that does nothing.
They most likely have noticed without blowing millions the old SBB to hold up will not work. It is pointless anyway if they see the SP going up in 6 to 12 months anyway.
like I said management is most likely going to ride this out before they make a move. On all markets as well.
All in my opinion
ICI Price at posting:
6.5¢ Sentiment: Hold Disclosure: Held
