There is at least 2 million of crowd1 members from the 4 million pre-reg. Would be hard for those 2 million members to be pushing Miggster to their friends and family if they themselves are not signed up. I personally believe the retention numbers from crowd1 members should easily be 80%-90%.
How are you going to sell a product/service if you have not tried it yourself. Let's not forget 14 November is just the launch date of Miggster and all that is happening now is building some excitement and momentum. The subscriptions still continues even after the launch date.
So it is safe to say most crowd1 members would subscribe so thay they are able to demonstrate the app/platform to whoever they are trying to sell it to in real life. Looking at the current growth projections it is anyone's guess what the end results will be but we know it will be HUGE. Another re-rate on the cards.
EM1 Price at posting:
7.8¢ Sentiment: Buy Disclosure: Held
