Hi guys, I have been following posts here for a while but had no input so thought I would sign up.
I emailed Activistic yesterday about 2.30pm just as a bit of an inquiry from a concerned shareholder. I received a phone call back at 3.30pm the same day. I was told that Activistic are in discussions and working with other party(s) in relation to the development of lottery product(s). That they have had a meeting with ASX on Monday and are keen to be trading again as soon as possible.
I get the feeling that there may still be a takeover on the table here but not of Activistic. Maybe a third party planning a takeover of Activistics proposed client by a multi national bookmaker or insurance company. If this is the case then Activistic is the pawn in the waiting game. If they can convince the other party(s) that they can come up with the goods in regards to supplying lottery software then their share price could end up at anything. If the other party(s) went the other way then 1.5c would be a good selling price.
Realistically, who wouldn't want a piece of lottoland. Their revenue is over a million per week and they do not even pay out of their own pocket. Even if someone did manage to snag a Jackpot somewhere in the world, all bets are laid off and insured by Lloyds of London so their major overheads are infact insurance premiums.
Considering they are only lightly advertised at this stage, it is inevitable that they will only grow or be consumed by a larger organisation. If more bookmaker type lotto companies begin to appear this would also be in Activitics favour, already having a foot in the door developing and supplying software.
To all the nay sayers stating that Activistic have no revenue etc, just remember that they are a software development company, not a bookmaker. They currently have a small but adequate cash flow that I expect is being used to woo potential clients which probably explains the timing of discussions.
Just a gut feeling but I am feeling confident.
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