BET 2.41% 8.1¢ betmakers technology group ltd

Ann: BetMakers submits proposal to acquire Tabcorp assets, page-537

  1. 4,403 Posts.
    lightbulb Created with Sketch. 283
    "The TAH $3 billion in shares comes with $3 billion worth of value to BET"

    Say this sentence, aloud, 3 times. Maybe 10.

    $3 billion in shares does not grow on trees. This is a dilution of capital. A $1 billion company cannot just make $3 billion out of thin air. There is a trade-off here you don't understand, and it's equal to the issuance of new shares at a VWAP to 10 days at the mind boggling figure of $3 billion

    Not sure if I can be any more clear or holders are just praying and can't read nor understand the consequences of this transaction
 
watchlist Created with Sketch. Add BET (ASX) to my watchlist
(20min delay)
Last
8.1¢
Change
-0.002(2.41%)
Mkt cap ! $78.17M
Open High Low Value Volume
8.1¢ 8.3¢ 8.1¢ $28.43K 346.2K

Buyers (Bids)

No. Vol. Price($)
5 524078 8.1¢
 

Sellers (Offers)

Price($) Vol. No.
8.2¢ 55001 2
View Market Depth
Last trade - 16.10pm 16/07/2024 (20 minute delay) ?
BET (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.