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The stock has corrected significantly from the highs

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investora2z   Sunday, 11/24/13 06:36:36 AM
Re: None
Post # of 35780 
The stock has corrected significantly from the highs made a few months ago. The time period between now and the Markman hearing is about 7-8 months, and the intervening period could provide opportunities to enter the stock. The company has made efforts to enter into segments with high potential for growth. Its forays into daily fantasy sports, mobile / online gaming, and more recently, the social casino segment are likely to yield positive results over the long term. The recent acquisition of Avcom, a game development studio producing free to play mobile and social casino-style games, marks its entry into the social casino segment. Avcom’s assets include physical and IPRs related to Mobileveg and Freeawesome and the under-development game 'SlotChamp'. The acquisition was funded by stocks, and the initial payment was valued at $1.55 million. Half of the issuance to the common stockholders and the option holders will be placed in escrow and released upon the later of the commercial release of an agreed upon game, or six months after closing. In addition, the common stockholders may be awarded contingent consideration of $1 million through the issuance of up to 333,000 shares if gross revenue from the game reaches $3.0 million within 18 months. That figure provides some indication about the expectations from the particular game. It has filed an application for New Jersey Casino Service Industry Enterprise license, and hence is eligible to be considered for suitability before i-Gaming goes live in New Jersey in a few days. So the future is not solely dependent on the outcome of the lawsuit, and the real potential lies in these businesses. These are likely to yield tangible results in due course, and the company needs to continuously find the resources to build these businesses so that they become its mainstay.

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