@stocking you raise a valid concern but keep in mind the company is called animoca brands.
The reason they have so many projects and products is that they tend to acquire or passively invest in numerous tech companies.
Where the board (probably more so Yat) have seen the opportunity that others have missed is in the commonality of back-office/engine room requirements to put all of these games on the blockchain.
It's almost as if they they are akin to a primary producer who has won a contract to supply all the beef to all the McDonalds/Hungry Jacks/Hard Rock/[insert any venue that uses beef] and also take shares in the various restaurant or retail franchises - so to criticise them for buying too many companies or having too many fingers in too many pies doesn't really have much relevance to their business model.
- Forums
- ASX - By Stock
- AB1
- Ann: Strategy Update April 2019
Ann: Strategy Update April 2019, page-20
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AB1 (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online