(News update) SPYR to purchase IP & assets related to flagship game
Published: Fri, 07/15/16
 Hello fellow investors / traders, SPYR continues to be on our radar as it continues to hold the support of $0.25 and the 100 day moving average.
The strategy of buying the dip has worked well for us in the past in SPYR, and the more it continues to consolidate and coil at these levels, the greater chance it has to really break out in a big way.  Also, SPYR announced news a couple days ago relating to its flagship game "Pocket Starships". You can read more below... SPYR Obtains Option to Purchase All Intellectual Property and Assets Related to Pocket StarshipsDENVER, July 12, 2016 /PRNewswire/ -- SPYR, INC. (SPYR), a holding company with wholly owned subsidiaries in both the mobile game & app development and publishing industry, and in the restaurant industry, today announced that SPYR has obtained an option to purchase its most recently published game, Pocket Starships (www.pocketstarships.com). SPYR is currently publishing, through its wholly owned subsidiary, SPYR APPS, LLC, Pocket Starships, a real-time, cross-platform space-themed MMO (Massively Multiplayer Online) game. SPYR and the developer of Pocket Starships have now inked a deal under which, SPYR has the option to purchase substantially all of the assets and intellectual property of the developer, including all assets related to Pocket Starships and the engine on which Pocket Starships is built, which provides the unique real-time, cross-platform aspect of the game. The option gives SPYR the ability to purchase the assets at its discretion at any time prior to the end of 2020. SPYR obtained the purchase option in a cashless transaction under which the developer received a series of cash-based stock options, exercisable at prices significantly higher than SPYR's current stock price. The purchase would also keep together the impressive team behind the development of Pocket Starships, including the game's architect, Lars Koschin, who have agreed to sign five (5) year employment agreements with SPYR in the event SPYR exercises its option. These terms of the option agreement show the confidence the developer of Pocket Starships has in the future success of the game. James Thompson, SPYR's CEO and President, states: "We are very pleased with the metrics that Pocket Starships has been producing, some of which have been highlighted in our recent press releases. Having now secured the option, our relationship with the developer is even more valuable because if we decide to exercise the option, SPYR will keep 100% of the profits generated by the game. This will represent a huge increase in earnings per share for SPYR and its shareholders." Read in full at http://finance.yahoo.com/news/spyr-obtains-option-purchase-intellectual-130100867.htmlAll the best today. www.ShiznitStocks.com Disclaimer Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. For full disclaimer click here. 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