ERR 0.00% 58.0¢ enverro ltd

Ann: Enverro signs HOA to aquire DateTix, page-49

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  1. 22,120 Posts.
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    Gobble I reckon he's just sour over the way his great business acquisition over at GAL has gone

    ERR are paying $5m for an Asian based social media type dating app with $5m in performance shares
    Only other company I can think of doing this is MIG which has seen its market cap multi bag from $5m to $250m


    GAL is paying $10m upfront plus $15m in performance shares for a TV content distribution platform
    The other company that has done this is XTV which listed at 2c with a $20m valuation and at best was able to rise to a $30m valuation before falling back to initial levels again
    Really can't see GAL being a ripper deal as I think they have grossly over paid for that acquisition but that's my opinion and so far the market agrees  
 
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Currently unlisted public company.

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