Thursday, September 22, 2016 2:40:40 PM
Email 1
Hi Xxxxx, thanks for your interest. Most tournaments have in fact been
sponsored. We are building brand awareness to drive credibility, and then hope to take the business viral. I cannot give a play-by-play for every tournament, it would be chaos. The tournament we ran last weekend was by far our most successful, and now we have a beachhead into the EU. Once we
get traction, our goal is to use a freemium model to drive subs on the
social network to upgrade to premium subscriptions. We have deployed
Dashbid for video ads, and have a second video ad vendor in deployment so we can waterfall and monetize more. Then we will deploy banner ads with Google Adsense. The Mercenary System will be online by end of month or soon thereafter, so we can attack microtransactions for the exchange of goods and services. Riot City did $960MM last year in microtransactions alone. We have new publishers in the pipeline which will broaden our horizons and add gamers to our base. And Kevin is working on sponsors for us. We continue to believe this business will go viral soon and we have some major league tournaments lined up for Nov-Dec that will give us serious credibility. Gamers are an odd lot - they won't play if they think the site and the Company are bogus. So we have to build that first, then monetize. As for a reverse split, everyone should know we don't intend to run a 1-2 hundredth of a cent stock. It's ridiculous. But we will not do it until the model is proven. I hope this gives you some comfort. We have a Board meeting next week here in Chicago. Our existing investors have committed to lead any next funding round. Not sure what else to say. We are very real and I hope you understand the one year lockup shows
conviction from our investors, owners and management. No insider has one
share of common stock. Zero.
-Vik
email 2
This is the second email.
I wanted to add a couple of things. We are not raising money in common
stock. If you check our articles of incorporation in NV, we raised the
preferred ceiling so we can do the raise in Series A Preferred stock.
Everyone is locked up with the exception of one $10K investor who is
trivial and is not a seller anyway since he has no common stock to convert into. At current bid/ask we are valued at $4-8MM which we think is insane based on the business plan and our execution
All of my posts are my opinion only and are not meant to be investment advice.
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