Board Change • Jul 16
High number of new directors Independent Director Phillip Lord was the last director to join the board, commencing their role in 2023. Board Change • Mar 04
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Denise Evans is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 16
OOOOO Entertainment Commerce Limited Announces CFO Changes OOOOO Entertainment Commerce Limited. announced Ms. Mary Ma has resigned from her position as Chief Financial Officer of the Company effective December 14, 2023 to pursue other business interests. The Company has appointed Mr. Samuel Jones, the Company's Chief Executive Officer, as its new Chief Financial Officer effective December 15, 2023. Ms. Ma has agreed to assist in a smooth transition of duties and continue to support the Company as a consultant. Announcement • Nov 18
OOOOO Entertainment Commerce Limited announced that it expects to receive CAD 0.2 million in funding OOOOO Entertainment Commerce Limited announced a private placement of 20,000,000 subordinated voting shares at a price of CAD 0.01 per share for the gross proceeds of CAD 200,000 on November 17, 2023. The transaction will include participation from the Chief Executive Officer of the company, Mr. Jones. The shares will be subject to a hold period legend prohibiting resale for 4 months and day from the date of closing of the offering. The terms of the offering are subject to the acceptance of the TSXV. The transaction has been approved by the shareholders of the company. New Risk • Sep 29
New major risk - Revenue and earnings growth Revenue has declined by 101% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.3m free cash flow). Share price has been highly volatile over the past 3 months (51% average weekly change). Negative equity (-CA$1.6m). Revenue has declined by 101% over the past year. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.64m market cap, or US$1.22m). Minor Risk Shareholders have been diluted in the past year (4.1% increase in shares outstanding). Announcement • Aug 10
OOOOO Entertainment Commerce Limited Announces Board Changes OOOOO Entertainment Commerce Limited announced that it has appointed Phillip Lord to the Board of Directors, effective immediately. Mr. Phillip Lord Phillip has been active in the cross-border investment, investor relations and fund raising over 25 years in global capital markets with experience across the United States, European, Asian and Australian markets. Mr. Lord has deep relationships with major Sovereign Wealth Funds, private equity, venture capital and hedge funds and is experienced in dealing with entrepreneurs and an expert in crypto markets including coin/token issuance, centralized and decentralized exchanges/platforms. The Company also announced that Mr. Steven Hubbard has resigned as a Director of the Company effective August 7, 2023. Reported Earnings • Jun 28
First half 2023 earnings released: CA$0.01 loss per share (vs CA$0.13 loss in 1H 2022) First half 2023 results: CA$0.01 loss per share (improved from CA$0.13 loss in 1H 2022). Net loss: CA$847.5k (loss narrowed 92% from 1H 2022). Announcement • Dec 16
OOOOO Entertainment Commerce Limited Announces Executive Changes OOOOO Entertainment Commerce Limited announced that Ms. Jin Kuang has resigned from her position as Chief Financial Officer of the Company effective December 15, 2022 to pursue other business interests. The Company has appointed Ms. Mary Ma, CPA, CGA as its new Chief Financial Officer effective December 16, 2022. Ms. Ma has over 20 years of experience in finance and accounting of private, international, and public companies including CFO roles for several Canadian public companies. Ms. Kuang has agreed to assist in a smooth transition of duties. The Company would like to thank Ms. Kuang for her previous contributions to the Company and wishes her success in her future endeavours. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Director Joanne Yan is the most experienced director on the board, commencing their role in 2020. Independent Director Denise Evans was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Oct 12
OOOOO Entertainment Commerce Limited Appoints Steven Hubbard to the Board of Directors OOOOO Entertainment Commerce Limited announced that it has appointed Steven Hubbard, the Company's Chief Commercial Officer to the Board of Directors, effective immediately. Previously, Mr. Hubbard held various international leadership roles at Ideal World based in the United Kingdom, Rochdale Spears Group and Halo Group in the Far East and the United States along with BBRC located in Australia and South-East Asia after spending a number of years in the Middle East and India with Landmark Group. Prior to his fourteen years of global experience, Mr. Hubbard spent more than twelve years in the United Kingdom with Arcadia Group, Debenhams, Next and Marks &Spencer, helping create a solid foundation for a customer centric retail that has always been at the heart of his customer experience and digital engagement approach utilising technology and helping lead the evolvement of international multi-channel retail. Announcement • Sep 09
OOOOO Entertainment Commerce Limited Appoints Steven Hubbard as its Chief Commercial Officer OOOOO Entertainment Commerce Limited announced that it has appointed Steven Hubbard as its Chief Commercial Officer, effective immediately. Mr. Hubbard brings more than 25 years of experience helping lead and develop global multi-channel, multi-category luxury and mainstream brands. Mr. Hubbard has considerable operational and commercial experience, and has demonstrated a positive track record in helping the growth of a number of international public, private, family and PE backed SMEs, start ups and global B2C, B2B and DTC brands and concepts across the UK and more than 30 countries throughout EMEA, APAC and the Americas. Mr. Hubbard has been at the forefront of the retail evolution driving the enhanced customer experience through live commerce and social commerce internationally. While working with pioneers in tech and creative, he has helped build platforms that generate commercial shoppable content with greater customer engagement, and enhanced conversion and customer lifetime value for the brands and retailers to grow market share. Previously, Mr. Hubbard held various international leadership roles at Ideal World based in the United Kingdom, Rochdale Spears Group and Halo Group in the Far East and the United States along with BBRC located in Australia and South-East Asia after spending a number of years in the Middle East and India with Landmark Group. Prior to his fourteen years of global experience, Mr. Hubbard spent more than twelve years in the United Kingdom with Arcadia Group, Debenhams, Next and Marks &Spencer, helping create a solid foundation for a customer centric retail that has always been at the heart of his customer experience and digital engagement approach utilising technology and helping lead the evolvement of international multi-channel retail. Announcement • May 21
OOOOO Entertainment Commerce Limited, Annual General Meeting, Jul 22, 2022 OOOOO Entertainment Commerce Limited, Annual General Meeting, Jul 22, 2022. Announcement • Feb 01
OOOOO and Teddy Sagi to Launch Fanz.com OOOOO Entertainment Commerce Limited announced that the company will launch Fanz.com in March 2022. Fanz.com will target the global soccer community, offering live video commerce, NFTs, and mobile gaming. It is estimated that there are 3.5 billion soccer fans, making it the most popular sport in the world. Fanz.com will officially launch in March 2022. Fanz.com will offer teams and athletes an interactive video commerce solution, to provide intimate experiences that connect to fans through shoppable videos. OOOOO is already a leader in mobile, video commerce and serves leading retailers including QVC and JD Sports. The same technology will be used for Fanz.com, to enable sport teams and athletes to connect to Fanz.com to sell memorabilia and merchandise. Announcement • Jan 18
OOOOO Entertainment Commerce Launches AGORACOM Platform For Online Marketing And Verified Discussion Forum For Clean Social Media Engagement OOOOO Entertainment Commerce Limited announced the launch of a 12-month online marketing campaign through AGORACOM for the purposes of creating brand awareness for those that would be specifically interested in the Company’s business model, as well as providing the Company with the ability to engage all shareholders on its moderated and verified platform. The Company is paying $0 in cash for the program due to AGORACOM’s cashless shares for services program. 