• Market is waiting for Arcade-X launch which is due in March (last trading day of March is 29, Friday)
• The Trading Halt is requested pending the announcement of a global joint venture agreement with MOBILE GAMING & ENTERTAINMENT GRUOP which is due on 22 March this Friday.
• Arcade-X Launch is due in March which will be release any day in between 25 March and 29 March.
• EM1 management is smart enough to release the joint venture news before the launch which, in my understanding, will keep the upward momentum in SP.
• After the launch, management will release other news i.e. South Africa revenue, Ad Revenue, subscriber & player stats, Launch in Tier 1 countries and subsequent revenue....on and on.
I don't think by the last trading day of March which is Friday 29, the SP will be any less than 5c
AIMO
EM1 Price at posting:
3.4¢ Sentiment: Buy Disclosure: Held