Short Term trading Week Starting: 27 Nov, page-109

Ok. So this is confusing. ICI pulls out of their association with NOX in October (see ASX announcement). A few weeks later, ICI goes into a trading halt, and has just voluntarily extended it. The NOX sale and the iCandy website are still plastered with statements about how they are working together “Backed by an ASX listed company”.

Only. They’re not. And even if the association was still active, ICI is in suspension. And will be for another two weeks.

Digging through some previous financials of ICI uncovers some dubious practices. Such as the claim that their revenue increased 633% (to $1.3 million) in the year following listing. Which meant they listed.. with.. what... $150k in sales at best? And that revenue growth comes from.. “xx millions of downloads” (usually stated as over 20M) from our “xxx Millions of gamers” (384M or some such at last count).

Let’s hope the $2M (claimed) in NOX presale tokens aren’t hacked. Oh, and if it all of this completes succesully, we need to all agree not to tell Steam, EA, or Blizzard that their (multi-Billion dollar) lunch money fund is about to be raided by an upstart, disruptive crypto token provider, who may, or may not, be associated with an ASX listed company.

Currently in suspension.