PP partially complete??? Well I will be the first to say that Richard Smith was correct in saying that the PP was only partially filled. Looks like the first tranche is worth about $600K - pretty much exactly what RS was saying (odd that he didn't just answer my question on this board when I posted it....but whatever).
I assume indicating it is the first tranche means they are still looking for more money??
Still the most money they have raised and more than enough if wisely spent to make this work.
By my analysis of the marketplace they need about 7000 regular players to make this a $2-3 stock and that is on a paltry PE ratio. That means probably 20000 sign ups.
They have 600 signed up with a tiny fraction playing....but have not spent one cent on advertising or had any money to finance big free rolls -so friends and family and word of mouth. Time to get to work!!!!
Big free rolls is the method of choice it seems to bring in the subscribers plus getting users to qualify for a major tournament prize say $75k - $250K. Word of big money like this spreads like wild fire in the fantasy community.
They have the money now to make some hay...will they?? I hope so.