Game Changers and Market Movers Message Board

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Technology Stocks : Game Changers and Market Movers

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From: king8888	12/4/2014 1:43:26 AM
	of 686

NCTY is the 67% owner of Firefall . The MMO game made by World of Warcraft's team. The valuation of Firefall (Red5 Studio) alone is around $100 million according to the latest funding round. The stock has been down recently . Due to poor performance of Firefall during launch but I think this because Firefall is under-promotion. NCTY has made a deal to license Firefall in China with Qihoo360 (QIHU). The deal is $160 million minimum in 5-year term guarantee. The operating company for Firefall China is 50% owned by NCTY . So roughly this deal alone worth $80 million to NCTY The company has not yet filed 2014H1 report. I believe they wont' file a report until next year .Because this H1 report is going to be ugly and they don't have to disclose it .According to foreign listing rule by Nasdaq ,they have to report only the annual report. By the way, NCTY is the story of 2015. Qihoo360 has very large user's base of its search engine and anti-virus. Firefall can gain much higher traction with the co-operation of Qihoo360. The nature of MMO game is user should peak in the first or second year. That will surpass fixed cost by very high margin which will translate to strong bottom lime. Thanks for reading if you are interested to read more. Please visit seekingalpha.com

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