GXR will provide all Esports content to Megastar V2. Hence, everything GXR is doing matters to MSM as most likely any players, content creators, partners, sponsors, merchandising sales and tournaments they create will end up within V2.
- Riva invested US$1.59M @ 4.3c
- MSM re-invested back US$1.5M to RTE as a loan note for 10% equity.
- RTE has rights to use Megastar IP for purpose of Gaming and Esports.
- MSM to receive waterfall RTE loan note repayments of the US$1.5M.
- RTE acquired 70% equity of Firefly Games.
MSM's future success is purely related to RTE, GXR & Firefly Games.
MSM is now apart of this true eports eco-system that Riva is building.
The positives:
Antoine Massad - Chairman
Key holders:
RIVA Group
Neesham
Zamboni
Tolga
Paul Roy (holds oppies)
Top20 owns 72.69%
Low cashburn atm
Guenther Hake joined GXR to help maximize brand partnership, consumer products and merchandise.
Guenther is also CEO of Pop Life. Pop Life Toys have been very popular.
MSM success is 100% reliant on Riva.
(IMO & always DYOR)
connection, page-2
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