All very valid questions @Timmyk. Downloads are organic now to test acquisition and the success of engagement from wwt1 users. If they did it through paid acquisition, they wouldnt have the ability to test engagement levels. 428k downloads is phenomenal in the first 10weeks. I know some people were estimating 1m, but the 428k have shown such high levels of engagement. The company could go and purchase more acquisitions and downloads but the question is, how many of them would engage? I really do believe that the metrics are fantastic. They showed peer comparisons, and we blow them away. The company firmly believed and stated to us all that the strategy was to build brand awareness, then acquire, engage, monetise. Being a top 30 performing app amongst 2million worldwide available apps, only available in 6 countries is phenomenal. Long long term guys, there will be tournaments running in many many countries, all separately, in specialist categories and genres. Yes, the SO sucks atm. We all know that, and it hurts, but the naysayers are only taking a short term view. I see where they are coming from, and I share concerns like everyone else does about the share price, but I do not share concerns about the companies capability to bring returns back to it's shareholders in the longer term. The company and the app continue far beyond wwt1, and is literally only in it's infancy. Literally just born. It needs to develop, learn, and slowly build an audience that engages and follows the trend of milennials shifting away from tv and onto their smartphones. The concept will eventually take off. We just need patience. It was disappointing for all of us to see the live stream servers melt down. But, one way of looking at it is that there must have been huge demand. Guys, Andie Case alone, only one of the 5 finalists has a combined following of over 1.5million people. Anyways, give this time, if you are a believer, hold.. I genuinely do believe this is a future multi multi bagger. How long? Thats anyones guess, but the principles of the company are destined for success. If it wasnt, then AFU and ME and all the others that are so upset would not have invested in the first place. I think what went wrong was expectations and the timelines for those expectations by shareholders. In the meantime, Im going to hold. No point selling at a big loss when I know im going to re-enter again on fomo as I watch on the sidelines. Technical Analysis has its merits, perhaps I should have entered based on the charts. But the charts change in small caps so regularly. And one unexpected announcement could have you buying in after a TH at a 25-30% gain. I saw GSW run a full 90% within minutes of open after a TH, on a deal with Amazon which did not even state the revenue that would be achieved. Good luck guys.
MSM Price at posting:
6.8¢ Sentiment: Buy Disclosure: Held
