RE:RE:RE:June GLI update?It shouldn't be a mystery... they haven't achieved GLI certification yet because PokerBot 3000 cannot yet meet the GLI requirements. Yes, I know it's named Jackpot Blitz. I'm making fun of them.
They'll never admit it publicly but they have probably gone back and forth with GLI multiple times now. Submission, rejection, fix this, address that. Submission, rejection, address this, fix that.
They do hint at the fact that they're working on issues in the May 2018 NR announcing the Rights Offering:
"In regards to GLI certification, we have been working to enhance specific gameplay and reporting features on Jackpot Blitz™, including Bad Beat Jackpots and other vital elements essential for the product’s broad success in regulated markets. Many of these features have been requested by prospective land-based casino customers"
They've announced multiple deals for sales of tables "
contingent on the Company receiving customary [GLI] certification." Ironic they refer to it as "customary certification" like it's some simple and guaranteed rubber-stamp process when it is apparently more difficult to get than they have let on. They'll get it eventually, I guess, but even if it happens tomorrow, it's been a lot of time wasted on the effort and, of course, further dilution to keep the lights on.
stockz14 wrote:
Yeah I saw, but that's basically the same exact thing they told us 10 months ago. But its been pushed back month after month with no specific reasoning as to why. If they're gonna continue to dilute shares the least they could do is inform investors on what is happening with their only product that has seemingly been at the same status for the last year