Hey ASX, interesting you asked of the Warner deal, thought exactly the same thing myself.
We know Warner are a long term project, and they decided to devolope an entirely new platform, based around Linius tech, which they are hoping will be the new industry standard platform that others will use, thus the time involved.Is IBM also involved? Don't know, someone should ask that question.
Something else.... Chops said he was told about two deals..... Sport related. In the Prelim annuals, there is mention of Racing, Soccer and Football. Racing deal the other day, Indonresian Soccer was earlier, that leaves football. Lot of noise about UK football lately. They have been doing testing with a big UK sporting brand for a month or so, on a 6 week program. "Brand" does not want it announced until they have proved the concept and signed a deal. Based on the fact that others are now signing, I don't think there is much chance the tech doesn't work, or they can't use it.
Must confess to being a bit sad when you pulled out ASX. Your very informed, logical commentary, helped encourage me to buy way more over the last couple of years than is sane.
No regrets.......mate........ still think you have done me a favour!
Did you talk to your company contacts before you sold? Chops said he was told the Indonesian soccer deal has been dramatically under estimated by those here and the market. 2 million signed up for linius Tech, (out of 80 million potential audience) is worth $200k/ month for Linius. Yes, yes, I know, we don't have 2 million signed up yet.
You sold because of no revenue, fair enough, but there was revenue. Not in the quarterly, (sorry Uni) but they did state $14k later.
You only wanted 1$!
And we haven't even got to Microsoft Co-sell, or what has been happening in the security space.
But.......yes.....sadly, despite the best outlook the company has ever had in my mind, there are no gaurentees in tech start-ups.
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