Technically, great news for MMEG is great news for shareholders. But, a while back when we were sliding -- I think we were in the teens -- great news was to come out.
We had hoped it was an end to dilution, a finalized acquisition, etc. But, it was announced that the Chimera game "Rise of the Mob" got great reviews.
I mean it's good news that a vehicle the company owns is highly rated and is a potential moneymaker -- but, at the time, many of us had lost over 50% of our investment, and dilution showed no signs of abating.
All I could do was average down -- and am now at .0004. Hell, if it weren't for the .0001s, there's no way I could have reached that. But, with this epic dilution, .0004s seems so far away considering the walls we will face at .0002s & .0003s.
So now, most of us Longs are looking at our investment, which is currently 90+% down, and an increase in the AS (which in the past is followed by more notes converting).
So, "great" as in securing long term financing, consolidating debt and an end to dilution -- perhaps a completed acquisition, LOI for another, or finalize contracts for reality shows; AND accompanied by news that acknowledges this SS. I know they don't have the cash for a share buyback now, but at least it's on their radar and will be addressed when $$ flows in.
We know the Poolworks upgrade and OTT project(S) are farther down the line, so we'll be looking forward to that next year.
As opposed to "great" like: they've secured another highly regarded consultant, a new Chimera game release, etc.
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