When both Poolworks and Facebook were young (but Facebook had much more capital), both had good potential, and yes - Facebook does not want competition. Facebook made an offer of $180million to buy them out, but was rejected. Obviously, Facebook built out their product, adapted, and we all know the story. Poolworks was quite the opposite, lost subscribers, and now MMEG bought them for pennies on the dollar.
But Poolworks is just a cog in this MMEG wheel. With OTT streaming, Chimera Games, reality shows -- and the acquisition of Neurofuse & Blackfox [hopefully those deals close soon!], and possibly another social networking site in the future ... then you see how they all "blend" together. Poolworks will be given the attention it deserves to be built out and developed (already having plans to add different languages and adding Chimera's games for example). The CEO stated his plan was for all these products to "synergize" with each other. If all goes well, that translates to $$revs/profits$$.
I do not think Facebook has been buying shares here, but if MMEG's plans work; and it grows, increases revs quarter over quarter, and [VERY importantly] significantly increases market share, then my friend they will be watching.
If revs & profits are substantial, then MMEG can deal with the SS. Dilution was the currency used for this aggressive acquisition plan, and we the investors have financed it. And we all see what happened to the PPS.
The CEO also stated a huge goal is to uplist MMEG to the Nasdaq. MMEG would have to be trading at $4 for that, and with this SS --- well, that would require a HUGE revenue stream ...OR they can buyback shares and retire them.
And IMO, if that happens, that is when Facebook will intervene; before getting Nasdaq approval (I know: getting waaay ahead of myself, I mean we're still in the trips), with a nice offer that just can't be refused.
Still high risk, still a lot of work to do, still dealing with dilution. But this is why we're here ... the potential .... and for investors who entered and loaded in the trips, well, the ultimate lottery ticket.
