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Re: foxtrader post# 32732

Friday, 04/28/2017 4:23:37 AM

Friday, April 28, 2017 4:23:37 AM

Post# of 61155

THAT is FOUR acquisitions VERY FAST!!!! The article today I posted this morning was correct--MMEG is having an ACQUISITION SPREE!!!!
GET IT????


No, he does not, and will not.

If I'm not mistaken, at one point Poolworks was bigger than Facebook in Europe and was doing pretty well. I believe Facebook offered to buy Poolworks for $180mil, which was declined.

Facebook evolved, developed their brand, innovated, and as a result, well we all know the story.

Poolworks did not and was later bought as you say for 85mil Euros -- which at that time was around $110mil-$115mil. The decline continued, and now MMEG bought them at pennies on the dollar, maybe even sub-pennies!

** I think that timeline is right, 90% sure, but not 100% **

But the mantra is set: NO CASH, NO REVENUES!

Instead of considering this company was once thriving, still has 10mill subscribers, and MMEG acquired it "on the cheap!" If this site is developed and revamped, then subscriptions will increase. Add to that an extra 100 languages ... and if it synergizes well with the other MMEG properties like Chimera games, their online entertainment, and BlackFox -- and who knows what else they're gonna pull from their acquisition sleeve? Then, that's what we invested in [especially in sub-pennyland] ... POTENTIAL.

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