Ooooh Yehh
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Somehow it looks like they may earn even less this year. I don't see where any revenue has been generated so far this year.
We'll have to see the next share update to see if they're dumping shares.
They're going to be running out of money soon (couple months) according to this latest report.
They'll have to raise funds to keep these servers running, their 0 players need those servers.
Lol, I don't even know what to say at this point. Losing hope here.
Who knows, they've released plenty of news in the past and nothing moves it.
Steady adding shares lately. When I first bought they were near 65mil OS.
They released news of microbuddies before development began, which caused the share price to be unsustainable as there was no product.
They should have announced it as production was coming to an end on the project.
Then they said GOO would be a tradable currency, which most Gen 0 NFTs were sold under that premise. Then, they changed that scenario because of impending legislation. So they sold us something that they didn't provide essentially.
Then they released a broken game without having a proper operational website to sort through the buddies.
There quickly became 10s of thousands of buddies with no way to search for valuable ones which led to a race to the bottom (where they currently sit) because there was no buying pressure because no one knew how to buy something useful.
This led to new people buying crappy buddies and immediately being turned off to the product and game.
Then they released a PFP they sold to us with big plans, which like their other product they didn't follow through on.
They haven't promoted any of it which is why there are no sales on any of the collections and they're all worthless.
When you ask questions they respond with "redacted" and "soon" but nothing ever comes. I've been waiting 2 years for an answer.
Then they released GOO eggs which serve no purpose, and are still broken.
Then they released minecraft, and when those players ask questions they get the same "soon" answers microbuddies got, still without direction from the company.
Check their discord for examples.
Then they release roblox, which they just cloned another game and out microbuddies as the name. Currently is locked and non playable.
Then they released the obby game, which has 0 players, because like the other games they don't know how to market anything properly.
Then they spent $1,500,000 to make $9,000.... in an entire year.
Would you like more examples?
They would have made more money doing nothing and earnings interest in a bank account.
We would literally be 20x better off if they did nothing at all.
I've been a big supporter for these guys, but they don't know what they're doing.
Microbuddies is dead, roblox continues to have 1-4 players and we are what? 6 months into that project. And minecraft has 5-14 players at any given time.
They've taken their small, inexperienced staff and cut their attention up so bad between random thoughts Sterling has that we now have nothing working or completed, no expertise on any one platform, no community for any one platform, no players and no revenue.
It's really wild how badly they screwed this up. Like, I don't think you could have screwed up this bad if you were trying to.
But they did, they did the S1 deal which is why we tanked in the first place. And those same funders have open options to do it again, at a higher price point - but still they could excercise their option and screw us a second time.
The money raised from the S1 is mostly gone and we have pretty much nothing to show for it.
They fumbled the bag big time. $9k revenue in a whole year while spending $1.5 million.
How David Dorwart is rolling heads right now I do not know.
Yep, they had everything going for them and totally fumbled the bag.
Yeh, not good. I'm not sure how they managed to spend that much.
I could be much more effective than whatever "marketing" tram they're using.
They need to get it together quickly, or they'll be out of funds.
I think David should clarify just what they're spending money on as far as marketing because I don't see $750k worth of marketing return, I don't even see $75 worth if marketing.
That one looks cool. I sure as hell hope they get their marketing act together. They are too quiet in their discord. They don't seem hyped about their own products.
I don't get the silence they project to the few members we do have in their discord.
It doesn't matter how cool a game is if they don't have players.
This is the most promising yet most frustrating company I've invested in. You can see where it could go, but it just doesn't go.
I'm trying to stay positive, but they've sooned me for 2 years, so I'm not quite as hopeful when I see something is coming "soon."
I want Dorwart to take a more active role in communicating to shareholders and the team to act like they're at least excited in their discord.
Someone needs to build a hype train around here, and they burnt out the only people (shareholders and Gen 0) that were trying to.
I still think spending $1.5mil for what we have currently is ridiculous. How the hell did any of this cost that much?
10K out.
David really needs to get this under control. $1.5mil spent this past year and all we have is a broken Web3 game with very little interest, minecraft servers that average 20 or less players, and a roblox game that averages 4-5 players if I'm being generous.
How is he not on Sterlings ass asking wtf is going on?
Merge this thing and get it over with. This is not sustainable and they don't know how to drive engagement to their games.
Merge it and be done or sell us to someone else that will get it done. I'm tired of hearing about how great the games will be "soon". I've been waiting for soon to come for 2 years. They tried, now sell us off and let someone else take over or Merge ViaOne into GMER.
The gaming division does not work. Just stop spending money on it before we have $0 and have to dilute the commons again.
"During the year ended December 31, 2022, the Company used $1,513,675 of cash for operating activities compared to the use of cash in an amount of $755,200 for operating activities during the year ended December 31, 2021. The increase of $758,475 was attributed to the company’s increase in advertising and promotions and management fees"
Hope David speaks on this idea more. I'm sure just the idea that it's a likely possibility could spark a lot of interest here.
If we get the PPS up higher if / when it takes place, maybe we wouldn't have to split as much to achieve the NASDAQ requirements?
That's the part I'm worried about, if they did it and split it, at what ratio would they do it at. Obviously whatever gets them to atleast $5, probably more to give some padding at $7.50 - $10 I'd assume, and that's after the series b converts to commons.
Idk, I just hope they take us with them if they do it and reward those who have supported and believe(d) in them.
If they merge the whole of ViaOne that would be good, if they choose just one of their companies I'd assume it would maybe be V1 Fiber. I'd like to see David take the whole thing public
The price per share would be affected. If their numbers are true, with the current share structure ViaOne would barely make it to nasdaq, even with a 20x P/E ratio. (I'm making some assumptions in my math on their numbers since I don't know for sure what they actually have)
If they convert their series b into common shares it would dilute the OS and lower the price per share to a level that doesn't qualify for NASDAQ listing, even with a 20x PE ratio. And 20 is about average for their industry / generous for a new public company.
So we will see, if they even do the RM (would make the most sense and help us and them the most) and whether they keep the current share structure intact.
If they convert those series B we may still be higher than current price, but not NASDAQ higher, we would just be a more well capitalized pinky.
As long as the share structure remains intact. If series b doesn't convert to common its possible.
If they convert the series b to commons we wouldn't meet requirements due to the extra shares
I just hope they don't dilute us even more with their series b conversions should they RM viaone.
We already got hit bad with the S1, if they convert their Series B if they takeover all of us who have supported them for years will have very little left.
It's a shame that they haven't done more with this yet. We are in the same spot we were close to 3 years ago essentially.
David needs to consider those of us that bought his shares, bought his products, and supported them over the years when he makes decisions. Probably won't, but it would be nice to not get screwed over for a change.
As long as people are willing to hold for real gains and we get the tenth cent flippers out.
At any time they could drop a trajectory changing PR. I'm not expecting much of anything from current GMER operations, we may get a few dollars here and there, but the real pay day would be a merger
They really need to just merge this into something that's successful already.
We missed our chance for a useful aquisition by spending the $4mil on Roblox games.
They should have acquired a small gaming studio that knows what they're doing and rolled them into gmer.
They could have used them to make games for themselves, or hire out their talents as a 3rd party developer to make money - like Meraki is doing to us now.
They went the wrong direction, we are paying 3rd party prices for games on a Platform that takes 75% of the revenue of the developer.
I feel like they didn't think any of this through and just saw a platform that is relatively easy to design games on (or hire others to do so) and said "YEP! that's it!"
There are thousands and thousands of games on roblox, what's the chances that you make the one that has 500k players? Not good. What's the chances you could make money from developing games for other people that think they can make money on Roblox? Very good.
They chose the wrong set up to make money. We are the guy buying an ice cream that melts on a 110 degree day instead of the one selling the ice cream knowing it's gonna melt before they get their first lick in.
It's a shame that Dorwart can't make a statement on the company.
He's letting Sterling run the show completely, and it's not working out too well.
Roblox takes most of the profits from their developers, I'm not sure why there's such a big focus on that platform.
We would have been in a better position if they took their $3mil funding and they sold their $1mil in eth (at time of mint) and sat on the money.
Money market account would have at least given them $180,000 a year to use for funding.
It would be nice to hear that from the parent company in a PR. They're letting their child run wild without oversight right now.
At least that ls how it comes across to those of us from the outside.
I sure hope they take that as a serious consideration. Stop the cash burn, shelve their GMER operations and await an opportune time to RM.
This current model of burning cash, 0 engagement and 0 players is not working well.
I still don't see an uploaded video. What happened?
GMER really needs to get their shit together. This is getting embarrassing. The only people liking their announcements in discord are their workers, they have very very little people talking in their discord, they burnt their web 3 group that was dedicated to helping them, minecraft has al.ost no players, roblox has no players, web 3 has no players.
Wtf, please give Dave the message to put us out of our misery and just sell this thing to someone else.
This is really disgusting at this point. The one small group they did get they burned to the ground (web 3)
Shareholders are all upside down and burnt.
They have mismanaged this every day for almost 2 years. Merge ViaOne or sell us to someone who knows what they're doing.
The only good thing about this company is its share structure.
I didn't see anything. I've checked a few times with that link.
Up days are always better lol. We just need the volume to come back
Would you agree that shareholders concerns are valid?
$2mil+ spent, 1.5 years building, and less than 20 active players.
You have to agree that things should be much better by this point.
I'm hopeful they can turn it around, but they should understand they've underperformed here.
Nows the time for Dorwart to step in and course correct this. If he doesn't do it now we will be looking at further raises. Though they won't get anything similar to the S1 deal they got previously.
They're walking a tight rope at this point, Dorwart needs to do something quickly to turn this around. His focus obviously has not been on GMER since COO came on.
He may be a great manager, but that doesn't help us if he's only managing ViaOne. He's a large shareholder of GMER, you'd think he would drive some focus to this right now.
Previously it felt like ViaOne cared because we heard from Dorwart, Jordan, and thr CFO periodically. They've gone silent once Sterling came in.
They need to look at GMER again, Dorwarts a major shareholder, Jordan and the rest have some shares, and ViaOne holds a lot of preferred shares.
They are major holders here, they should be looking to protect their investment - time to get more involved imo. The experiment is not working on its own.
If you were Dorwart, and your COO and crew spent $2mil, and had 10 players online throughout all the games, wouldn't you question wtf they're doing?
Or that just me?
That's the problem. Communication. I don't see how they don't get it. When they communicated well before, price went up. No communication = price drops 90%.
They make excuses for themselves instead of listening to the people that are trying to help them not F themselves.
We were all here and in MB / GG because we wanted to help, and they alienated all of us.
Their player count shows that. I'm not sure how much more obvious it can be to the company that players and shareholders aren't happy right now.
You'd think they would pipe up and ask us what's wrong and what we would like to see fixed, but instead we get silence from them.
I hope so. GMER right? Not ViaOne?
Why not just share your findings? Not all of us can just make a stop at kennet Square.
If whatever you found was awesome, I'm sure the rest of the community would love to know it.
Visiting Kennet Square is visiting ViaOne. GMER is spread out over contractors with no central location.
How do I visit them?
You have to admit, at the least, they've spent approximately $2mil of their $3mil in funding + a good portion of their ethereum holdings already.
What do we have that is worth the $2mil investment? We have a broken polygon game no one plays, a ethereum pfp project that they rugged us on and no one talks about, a roblox game that they don't promote and has 0 players, and a minecraft game that has 10 players.
So was 10 players worth $2mil?
They need a new business model, new management, or just sell this thing and let someone else take over.
I'm genuinely interested in your take on this, because I just don't see how they spent $2mil in a year and a half and this is what we got.
They were a figment for many imaginations. We acquired exactly 0 new users from whatever they attempted.
They don't know how to market, that's one of their major problems. Their inconsistent communications and lack of follow through is why we are where we are.
Don't make blind excuses for them, I've been as big of a supporter of this as anyone, but I'm also not going to lie and say they're good at marketing.
Their paid promos bring bots. Not users.
Just because followers increase doesn't mean it's convertible interest, how do you convert a bot?
The only way to gain real users is to consistently market and make yourself visible, and they don't.
I've been asking them for a year to have consistent Twitter interactions, that's where web3 is. For some reason they can't take time out their day to write a 250 character or less sentence.
They've been saying they're going to market soon for 2 years. Lol
Dorwart needs to take control here and lead this somewhere, they don't have a good direction and abandoned the one sector that spends money.
Releasing the waterbear PFP and then going silent is essentially a rug pull. Why would they do that?
The only working product they have was outsourced to a 3rd party dev.
They need a course correction ASAP. They've spent 2mil of the 3mil they had, and I'm not sure on what.
Dorwart has given shares to himself, Kevin LaPierre who seems to be a behind the scenes right hand man of Dorwart... various businesses with Dorwart across multiple segments, Brandon / Brian and Byron Young and Suleman Bhmani who is tied to CTC Outreach - A ViaOne company.
This was handled under the 2022 Employee Stock Offering.
LaPierre runs Daksmarket as well as Acacia Energy - The latter Dorwart is involved with as well as branching out into C-Store acquisitions.
They also run Silver Linings Management together which has funded GMER in the past and also has ties with Assist Wireless and Acacia Energy which are also their companies.
Could the shares given to these people be in preparation for an RM of GMER with the other OpCo's?
They have no direct ties to GMER and haven't sold their shares from as far as I've found so far. Could this be them preparing for a bigger plan?
Bringing them all under one public entity would certainly get them to NSDQ.
Also, the time could be near, if we head into a recession ViaOne will be positioned well with their lifeline offerings.
Dorwarts not getting any younger, like the rest of us, and has a lot to gain by selling some of his shares at an increased SP.
I'm sure he has colleagues that would like to buy into ViaOne but not GMER.
This would be the perfect way to set up his retirement with an exit strategy and give the torch to the next generation.
Imo.
I agree with this. The merger makes sense. But when?
I'd like to believe, but I've been hearing soon for 2 years.
When exactly is soon?
The part that still burns me is that they essentially burned the Gen 0 buyers which were the reason this got any attention, and the reason they were able to shop for funding.
Then they got the funding and again burned the Gen 0 (mostly shareholders) with the shitty S1 players that drove us to where we are today.
They rewarded the wrong people. Gen 0 and shareholders were there to help and all we got was steep losses.
Dorwart should address shareholders instead of routing everything through Sterling.
I don't really care what sterling has to say, I want to know why Dave thinks this is still a viable plan and how HE plans to scale this.
Sterling is just a worker, Dave has the control. I want to hear from him.
He seems to forget how successful this was when he was more talkative in 2021.
The market doesn't care about another minecraft server with 20 players - that's not the path to gold, microbuddies is pretty much dead and has been since a week after their initial release.
Dave needs to address how this is going to turn around because according to the charts it's on a one way road to the poor house.
I say all this as a very large shareholder.
I'm FUDding my own bags here but for F sake, help us out a little Dorwart.
It might be offline or making changes. It was just a soft beta launch.
But idk for certain what's going on. I don't play minecraft.
The day they learn to promote a product is the day I'll be happy. Or if they RM into something successful.
They had all shareholders and gamers on their side and actively helping them and they blew it.
Hope they find management that can take this to the next level, either through new hires, or through merging into something with people who know what they're doing.
David said he wanted some Big Hairy Audacious Goals... I'm waiting for that day, right now we are working with some small not hairy shrunken in cold water goals.
Release the kraken already and start making this public entity something to remember.
They've got the golden goose of an opportunity at their disposal, they just gotta open the cage.