Storms has shut down. All staff have been let go., page-25

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crazydave1942

7,196 Posts.

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23/06/23

00:59

Post #: 68428223
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Originally posted by frontline1999: ↑

Thanks for the additional info.

During Storms' heyday (45-50 staff), what were all you guys working on and developing? If my memory serves me correct, your revenue was very low (circa $1.5m pa), so what tech/IP/projects were being developed? Is any of this still valuable?

Obver the past 2 years, did Storms' revenue increase?

Is it a case that staffing at Storms has shrunk due to tasks being completed and, thus, these people/skills no longer being needed? Or are you suggesting that the cuts have jeopardised the tech/IP/projects that were being developed? If its the latter, more info would be appreciated. I'm still not clear about what has been mismanged.

ICI have only provided scant info about the Storms acquisition. They made a big play about it being a strategic acquisition and key piece of the jigsaw, but they've never disclosed any performance metrics nor staff reductions. The story has always been about growth, including the growing ICI (primarily LSS) headcount.

Interesting that you mention ESPL and Froyo. What business relationship did Storms have with either of these?

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You do know they acquired everything storms owned ect.

Including games previously owned ect.

Storms was acquired for what they had and infrastructure built not for the staff. I would say just a few.

If the company is cut to 10 staff you should get the message.

Moving Storms into LS is very smart not dumb if that is what has occurred.

If you followed Icandy from 2017 they always do what they say.

Not concerned

Anyway off I am busy atm.

ICI Price at posting: 4.3¢ Sentiment: Hold Disclosure: Held
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