My personal view is that Kaai have been opportunistic given the SP pump and the fact they are on the books paid $5000 month they saw an opportunity to get a reasonable stake in the company while getting their own pockets filled
For AF I think it's a simple case of hard to turn down, whether the $18m converts to smart acquisitions/ added customer users for the product and not just a long winded drop in cash on hand is hard to know, you'd hope for holders sake it's the former
The past shows their ability to turn an acquisition to relevant revenue is poor, hence my misgivings in their ability to pull it off, but doesn't mean they won't exceed my expectations
I'm sure there is a target for the funds, one can surmise either way, hopefully it's enough to get the suite of product up to the bandied rev numbers
It all comes off as a bit of a pre organised pump and that can come across as desperate, sometimes you gotta watch who wants to dance with you
Let's see what happens next, it's interesting.
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