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27/03/19
15:48
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Originally posted by The Bizz
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Spot On (EM1)....Did Raise at 3cents....AND Issued a 1 for 2 Option exercise at 2 cents....So Instant Profit for those Given Shares.
The release Also mentions getting access to ICI's 300+ game portfolio...BUT the Market Update released by ICI States (8.3.19)
'Outstanding technical matters in the operational handover process of the Acquired Game Portfolio from AB1'....
The 318 games acquired from AB1 have not been paid for....They still Owe $450,000 and $500,000 cash or shares on completion of agreement which has now been deferred by ICI For the third time until Sept 2019....EM1 Could have an App and Platform with No Games on,at least until the deal is done.
Finally ICI's Monetisation strategy (28.2.2019) states they have $378,ooo Cash,Short of what is required to pay AB1
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I'd suggest this post about EM1 and ICI belongs in the em1 thread not here.
Some of the detail is correct. Lots of holes in it.
But it doesn't belong here. So I won't expand.