There were only 125,000 invitation sent out before 28 November 2020 - no wonder I haven't received an invitation yet!
6,279 subscribers as at 30/11 based on 925,000 invitations is a conversion of 0.68% but 800,000 of those have only gone out a couple of days before. If these subscribers came from the initial 125,000 invitation the conversion rate is closer to 5%.
If conversion rate of close to 5% is reliable then this converts to 375,000 subscribers from the 7.5million pre-registrations otherwise it is about 51,000 based on 0.68% conversion rate.
Based on the very short timeframe since the bulk of invitations were sent out it is hard to know whether which conversion ratio is the most representative.
My concern is after all the hype to get registrations the slow invitation process is likely to cause a lot of registrants to lose interest. Hopefully they scale this up.
EM1 Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held
