Whats the licensing strategy with Firefall- do they still plan to license it in China? Any guess the upfront payment in China
CEO has bought a ton of stock- Around 2mill shares from IDG at around7$ which he thought was fair value(filing and conference call) and another 1.5mill shares around 1.80$ from a fund to make him the biggest holder of the company. This was a JP morgan IPO around 13$ that was formed by USA joint venture with IDG. I still think the 2 financial portals have tremendous value mainly because of the brand name an amounts of traffic-ALEXA traffic. Think of yhoo finance and CNBC websites. He is trying to monetize that traffic into online wealth management platform-Its too early to tell but the portals platform gives his huge leverage to hopefully succeed.
Its carved out nice little niche but they should just sell it and hopefully get 15-25mill which would be best for shareholders. Its a Niche player that fits with another larger company. its too small to be a stand alone company.
1, Giant Interactive(ga) is now delisting from the NYSE but is looking to list in HK in a year- obviusly looking in getting a higher value there
2, Ourgame files for IPO in HK-raising 750mill yuan
3, Kaixin- rumor that Tenchent will buy the rest of them for around 400-600mill- Their new game Yitong has seen explosive growth doing about 5mill in revenue per month.
As said in the press release you will get a lot more information the rest of the year with the launch coming up.
The problem with EFUT and everything small Chinese is they have no inclination to ever sell. In the USA-the small software companies are built than sold to the bigger players at usually large multiple of sales. In China the big boys Alibaba-Tenchent-Bidu have already bought 10billion plus of Chinese companies this year and the pace is picking up-MONT got sold today for around 22$ or like 5Xsales. If Efut goal was to build a Mystore platform with 2-3million users plus their customer base and sell out for 50-100 million you would get excited. I don't see that.
On their website it looks like they signed a new contract for their platform. Anybody have a clue about the company they signed it with?
hope your right Ha. Efut it seems is doing a lot of PR in China-New promo video on their website that's looks great. Story from the big retail conference and "cult of personality" Adam signing books like's he's famous. ha.
Anything new? Is the company going to license it in China or different parts of world? Any guess what the upfront payment or structure of the license would be? Do we expect the company who took equity stake to do it? thx
THx for the info -It said they were exclusive on Jingdong-do you know when it goes to other channels to sell ?
I love the fact him and his followers blindly bring up Coalogix sell but never bring up his massive losers. What is his track record? How much dilution has he brought? His luck is running out and his portfolio of companies look awful- Gridsense has and is a joke. He just paid what for Omnitrex or whatever and probably invested 10mill plus for a company doing what 600,00 a quarter. USSI Ceo keeps saying hype stuff because the guy wants to keep getting a salary and ACFN keeps falling for it ha- thats why its epic short
the only concern is complete lack of interest in the stock especially with the funbox release-everybody knows what you said.
NCTY was referenced in an article about this. Youngchinabiz.com. thx
NCTY looks like a perfect fit to be sold- its a small Niche player in the space with history of huge success but also huge losses. Since NCTY has a huge roll outs of new products is the CEO smart enough to sell?
The problem with NCTY and most micro caps they follow boom,bust,boom,bust ect patterns. NCTY is in a major bust phase with extreme pain for its shareholders including the CEO. it looks like it could be going on "boom" cycle but is the ceo smart enough to cash out? The big boys could buy ncty for chump chain-200mill but is the ceo delirious and will never sell?
Thx for the update- any clue or guess what this breaks down in revenue for NCTY on say 3mill sold?