SPYR Inc (SPYR)

[RandyKCMO]

A few thoughts... posted this a while back... Thought I'd Sticky Note it. :)

10K recorded some pretty serious loses. Not only has SPYR added some world-class talent over the last year, they have apparently been hiring world-class contract programmers to produce the upcoming software releases.
Evidence of this. Nearly 16 Million dollars in losses in Fiscal 2017. Surprising statement: "The Company expects to incur losses in the near future until profitability is achieved."

Highlights from 10K (and recent press releases):

1. "This new tapper game is currently in the soft launch stage of development and is scheduled to be released during second quarter 2018."

The Press Release of March 22, 2018 revealed the name and content of the upcoming tapper game. (see https://ih.advfn.com/p.php?pid=nmona&article=77010655)

2. "The Company intends to ... conduct strategic business development, marketing analysis, due diligence investigations into possible acquisitions, and software development costs and implementation of our business plans generally."

I take this to mean that the company is not now what it hopes and expects to become. I've posted before, it doesn't make any sense for the company to remain as it is. To become commercially viable, it has to grow and create revenue. The outlays mentioned above indicate their efforts to grow revenue from within. Bold sentence indicates they are considering and looking for possible acquisition targets.

A couple months ago, they've increased the number of Authorized Shares... AND made changes to the Corporation By-Laws. Why would they do that? No doubt to facilitate the whole acquisition thing.

I also noticed that the 10K was an audited financial statement. That paired with the change in Certified Public Accountants, may well suggest that we will be able to move from Pink to the PinkQB. Every step up is good.

3. I especially liked the closing line in the opening summary: "The Company may also decide to diversify, through acquisition or otherwise, in other unrelated business areas if opportunities present themselves."

I might be all wet here, but I think the ability to accept various crypto-currencies and may well have a connection to the recent consulting agreement with Stephen A. Crystal. This guy is big time into casinos and gambling... and has even written papers on the future of betting on video game competitions. , may well provide a clue

SPYR Games Signs Consulting Agreement with Gaming and Esports Investor and Advisor, Stephen A. Crystal, Esq. ( https://ih.advfn.com/p.php?pid=nmona&article=76932318 ).

We shall see. I think all this is out there a bit, but now that the 10K is out of the way... we can look forward to some 2Q game-release announcements, and who knows what else.

Best regards!