Thursday, October 25, 2007 1:51:59 PM
GMFX still has a very good shot at growing huge if only they have a new CEO that knows how to execute changes. Just look into the model of other successful online companies such as Netflix, Amazon, XM, and Sirius if the CEO is not competant.
I believe the future of online Gaming is in rental and download. Just like people that believe in the failure of movie rental, Netflix has proven them wrong. The future of gaming is also in rental and I believe that GMFX will eventually comes to their senses and turn around or that other investors such as in Netflix will have enough sense to see the value of the future of online gaming rental as to help GMFX buyout or finance them and turn the company around.
As more and more game titles becomes available I don't see people being more willing to shell out more money in purchasing them. If they want to play all the titles that are available and can't afford to buy them they will have to rent them. Even at purchasing 5 games a year that would equate to $250-$300 a year already. When people can't afford them, they will go the route of rental just as in apartmets and movies.
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