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28/02/21

18:17

Post #: 51400779
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Originally posted by hades86: ↑

Ah right NickX, another ArcadeX fork from years ago that was forgotten after it went nowhere as the team moved onto Miggster. It was supposed to launch July 2019, look up the ASX announcements yourself.

EM1 has been promising big numbers from carriers in Africa since 2018 (MTN, Vodafone, CellC) and touting it as access to 80% of all cell phone customers. It wasa quoted by the company as:
"These telcos have a combined user base of more than 83 million subscriptions across South Africa and hence represent a large addressable market for Emerge to tap into."

Flash forward years later they've gotten a few tens of thousands of dollars from these deals as all the reports and 4C's showed. Their first significant revenue line was from Crowd1's affiliate army of all places and there's huge question marks on whether this is sustainable given it's just more HTML5 games like ArcadeX was intended.

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"These telcos have a combined user base of more than 83 million subscriptions across South Africa and hence represent a large addressable market for Emerge to tap into."

Hilarious, yet also misleading.

The population of South Africa was around 58m in 2018. Yes, some people have more than 1 phone and account (such as business phones), but these people likely wouldn't pay for games on their multiple accounts.

EM1 Price at posting: 4.6¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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