Thursday, September 22, 2016 12:32:27 PM
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
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