The Transaction:The Transaction involves Peppermint acquiring 100% of the issued share capital of PINT and PIPL on terms usual for a transaction of this type. While that actual transaction only involves a nominal payment of one pound (£1) being paid at settlement, the AppMod business will become part of the Peppermint business and be supported accordingly as part of the Peppermint Group. The current ongoing monthly operating costs of the 'Application Modernisation' business division is estimated to be A$160,000 per month).
So by your reasoning operating in surplus by $3.6million per annum - how dumb are the vendors letting go of an asset returning $3.6m pa for one pound!!!
PIL Price at posting:
2.1¢ Sentiment: None Disclosure: Not Held
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