{"id":6722,"date":"2015-09-01T15:14:05","date_gmt":"2015-09-01T15:14:05","guid":{"rendered":"\/?p=6722"},"modified":"2015-09-01T15:39:28","modified_gmt":"2015-09-01T15:39:28","slug":"steampunk-wizards-inc-otcmktsspwz-steams-ahead","status":"publish","type":"post","link":"\/articles\/steampunk-wizards-inc-otcmktsspwz-steams-ahead\/","title":{"rendered":"Steampunk Wizards Inc (OTCMKTS:SPWZ) Steams Ahead"},"content":{"rendered":"\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/91\/91194\/spwz.gif\" border=\"0\" width=\"400\" height=\"231\" \/>Pennyland is absolutely littered with companies that tried to make a name for themselves by entering the mobile gaming industry. Take 3D Pioneer Systems Inc (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DPSM\">DPSM<\/a>) as an example. Back in April 2014, they were saying that they are going to launch a casual game called Tangled Tut. What did they make of it?<\/p>\n<p>It&#8217;s difficult to say because the company hasn&#8217;t filed any financial reports for more than a year and it has also been pretty quiet on the PR front. What we do know for sure is that <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DPSM\">DPSM<\/a><\/strong>&#8216;s stock went through an absolutely devastating pump campaign. We also know that they no longer hold the intellectual property related to the Tangled Tut game. It&#8217;s now owned by Steampunk Wizards Inc (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SPWZ\">SPWZ<\/a>) whose recently acquired Maltese subsidiary used it to create a similar-looking franchise called Bungee Mummy. <\/p>\n<p>Unlike <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DPSM\">DPSM<\/a><\/strong>, <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SPWZ\">SPWZ<\/a><\/strong> actually managed to launch not one, but two games under the name, but unfortunately, it&#8217;s still way too early to say for sure how well they will be received by the general public. The acquisition of the above-mentioned Maltese subsidiary was closed no more than ten days ago and it&#8217;s fair to say that its financial statement isn&#8217;t exactly perfect. In fact, once you convert the euros into dollars you&#8217;ll see that on March 31, Bungee Mummy&#8217;s creator had:<\/p>\n<ul>\n<li>$23 thousand in assets<\/li>\n<li>$53 thousand in liabilities<\/li>\n<li>NO revenue<\/li>\n<li>a $392 thousand net loss for the first five months of operations<\/li>\n<\/ul>\n<p>Of course, the game is still relatively new and we should probably give it some time and see how people like it. <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SPWZ\">SPWZ<\/a><\/strong>&#8216;s management team reckon that it&#8217;s going to be a big hit. Last week, they launched the second title, Bungee Mummy: Challenges, for iOS and they talked at some considerable length about the concept behind the franchise.<\/p>\n<p>Unfortunately, investors appear to be getting a bit ahead of themselves, however, and that&#8217;s worrying. On Friday, they pushed the ticker another 5% up and it closed the week with a price of $1.72 per share. This brought the market cap to a massive $46 million which, you have to agree, seems a bit disproportionate in light of the figures you see above.<\/p>\n<p>In fact, with no actual results from the launch of the applications, hanging on at the current levels for long will be a tall order. Especially if certain people decide that they don&#8217;t want to stick around and wait for Bungee Mummy&#8217;s success or failure. As we mentioned in our previous article, the people in question purchased <strong>10,080,000 shares for just $37,800<\/strong> about a year ago, and if they decide to take advantage from <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SPWZ\">SPWZ<\/a><\/strong>&#8216;s current valuation, they will exert quite a lot of pressure on the ticker. As we mentioned already, the stock has yet to prove to us that it can handle it.<\/p>\n<p>About twenty minutes after the start of this week&#8217;s trading,<strong> <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SPWZ\">SPWZ<\/a><\/strong> is another 5% in the green.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pennyland is absolutely littered with companies that tried to make a name for themselves by entering the mobile gaming industry. Take 3D Pioneer Systems Inc (OTCMKTS:DPSM) as an example. Back in April 2014, they&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1330,1809],"class_list":["post-6722","post","type-post","status-publish","format-standard","hentry","category-news","tag-dpsm","tag-spwz"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/6722","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=6722"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/6722\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=6722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=6722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=6722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}