GREY:IPRSF - Post by User
Comment by
HobbyDigger2on Jul 19, 2016 11:58am
119 Views
Post# 25065342
RE:RE:July 15 sedar acticle
RE:RE:July 15 sedar acticleSee update 6-28,
Technology Shift
Google’s recent decision to discontinue support of Flash requires decisive action on our part to
ensure the widest possible audience for our games. As such, we have had to reassign
development resources from new game development to re-developing our existing portfolio in
HTML5. While we believe that this is the right decision for the business, and would not have
been possible without the amendment to the Diwip acquisition agreement, this will have a
short term impact on our revenue growth as new game launches will be delayed.
......
The delay in bringing the businesses together due to the need to negotiate an amendment to the Diwip agreement, the allocation of development resources to deal with the shift to HTML5, and the rapid migration from desktop to mobile will mean that our consolidated business will achieve a run-rate commensurate with the previously stated guidance by the fourth quarter of 2016. Given the dynamic nature of the business and its size, the Company does not plan to provide further guidance.
As at the date of this report, 176,950,436 common shares are issued and outstanding.
A share conso doesnt have any impact to a faster grow rate or cash flow.
HD