New AFR article

What is everyone's thoughts on the new AFR article?

https://www.copyright link/companies/games-and-wagering/emerge-to-divest-global-multi-level-marketing-scheme-20210923-p58u3e

I didn't want to clutter the other thread with the other article. As we haven't had a response that we were promised by EM1, i thought it may be confusing for some if we put ALL of the articles together in one. This is a little neater.

You can tell from the tone of the article what they think of the stock. We will probably see more and more attacks over the next few weeks as this plays out. Interested to see if Emerge can mount a response. But as they couldnt even manage one on the other article I am not filled with confidence they can here. Which is concerning as AFR are obviously a dog with a bone, its only going to get hotter from them.

My favourite parts 'low value prizes'

The controversial penny stock generates 98 per cent of its revenue from Crowd1 Network, a multi-level marketing company that has been the subject of warnings from several international regulators, via the Miggster platform. Miggster is a white-labelled “e-sports” program that offers the ability for gamers to compete for low-value prizes.

Or, its not a pyramid scheme, its just something that gets you income based on how many people you drag into the system. Feel like I have seen this somewhere before?

Crowd1 labels itself a “legitimate marketing company” that helps boost the self-empowerment of its members, who earn income based on how many friends and family members they successfully invite to join the company.

Interesting to note that Bert Mondello has used RSM in a similar capacity in the past, and I was curious to note what the results were of that.

Feel like we have seen this before on a chart as well.

And I like this part "“I personally cannot see how they can pull this off when competing with Google Stadia, Microsoft Project xCloud, Playstation Now & Nvidia’s GeForce Now (with Steam),” the source said."

That pretty much frames the issue EM1 has. Good thing they have 18m in the bank as I am repeatedly reminded of, that should get them competing with Google and Steam.

Anyhow, penny for your thoughts rampers, both up and down, paid and unpaid.