IMPERUS Technologies Corp (LAB-X)

(A Top Pick April 9/15. Down 78.49%.) This company had games, and the way they generated revenue was that you had to buy tokens. The problem is that games are a fad. People play them, get attracted to them, but then get bored and move on to the next one. They didn’t use some of their profit to develop new games, and overpaid for an acquisition. Not hopeful as he feels some of the damage is permanent.

It is disappointing. They cleaned up the management suite so he is hoping it is turning around.

A gaming company. They own a couple of attractive online gaming properties. There hasn’t been a lot of news lately, so the stock has been quiet. They need to make an acquisition to get the stock going again. These games are good businesses, but they don’t last forever because people get bored with them. They just need to make some strategic moves and the stock should get going again.

Acquired an Israeli company that makes some of the hottest fantasy games. This is not gambling, but fantasy gambling so there is no regulatory concern. Candy Crush, etc. are also amongst their games. They are transitioning to mobile from laptop and it is going well. It should do well as they build new games.