RE:RE:Spending...Without numbers it's hard to quantify that revenue, Gambit went from 14% of rev in Q2 to 30% in Q3 and who knows in Q4, so most of that revenue growth could be attributed to Gambit. Margins in that business have been very low to start which makes sense but will they get better?
As I said before the increase in revenue has not resulted in an increase in available cash so I would assume margins are still low.
As long time investors we have seen Snipp switch their focus a few times with promises of great things and came away disappointed. Maybe this time is different, maybe its not but the information we have right now, which is very little, doesn't excite me that much. Are things better now than when the shares traded at 3 cents? Absolutely. I would say they were a small step away from bankruptcy at that point and the business seems to clawed its wayback to be self sustaining again. Maggs will remember well the last time they got to this point they started hiring all kinds of people and spending money like water and it didn't turn out well (you could probably dig up some very loud, very angry Maggs comments from back in those days).