The sheer volume of Partnership and acquisition transactions probably overwhelmed their capacity of the staff that was in place at the time!
The Company (as stated in their last Q4 report) indicate they now need $2.5 million dollars monthly in Q1 of 2020 to cover the monthly operating costs!
Massive hyper growth is usually accompanied by massive overhead related to proper management, game development, integration of new entities, until such a time that the games being developed are released to the general public and become cash flow positive !
It’s entirely possible there may be the need for a cash raise or the establishment of a credit facility to help cover the overhead until:
1. Full version of F1, The Sandbox, Stryker Fantasy Football , are released and generating monthly recurring revenue to offset the higher monthly operating costs (development costs will eventually subside once full game release is in play)
2. Quidd was rumored to be close to an Asian release , but I believe is not a closed transaction yet and would also provide a nice top line revenue boost.
3. nWay still needs $2 million to facilitate the agreement (as noted in the Q4 statement) , which has likely been stalled out due to the Halt. Likely a few months away from closing the deal
4. Beast Quest released Q4, 2020. Adams Family was also likely a significant boost to Q4 revenue. Crazy Defense Heroes, original Sandbox, other established forms of revenue from existing games and additional revenue from the NFT digital sales from The Sandbox, Stryker collectibles and some upcoming crate sales from F1 help round out the current revenue picture.
Not sure how much gross profit is generated off their top line number, but I suspect it is a very high percentage.
I don’t like guessing, but if anyone is familiar with the gaming industry, maybe you could post some estimates so we could determine some some rough projections on future revenue.
It’s hard enough to operate a Company, and even harder and more involved operating a public entity!
It’s not been a fun wait or an anticipated stoppage of free trading, however as other posters have noted The a company remains very very busy but does need access to it’s free trading shares just as much as we do...
Please feel free to punch holes in my thoughts, because that’s all the above is ..
my uninformed opinion
hopefully this week will be a good reveal for all of us
The sheer volume of Partnership and acquisition transactions...
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