I rather liked this Quarterly. Minimal damage done to the cash position and, apparently, they have spent the quarter working on integrations and expanding their footprint in the Pacific region. A low key document, that doesn't seek to hype the potential, All good.
You might say that it's early days for the new direction SP8 is taking, but from this report it look as though they are getting a good reception from the Pacific telcos and they have their eyes set on further expansions, both regional and intercontinental. Who was it said: From little things, big things grow?
Once they get some of these initiatives up and running, Streamplay Studios will be starting to look like a completely different company.
I still maintain that the sp under 1c looks like good buying - it's well below cash backing and gives zero value to their existing contracts and development plans.
2024 may see this brown hairy caterpillar metamorphose into a rather attractive creature. Let's see.
B22.
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