How the heck are betr simply able to walk away 2yrs into a 10yr commitment without paying a substantial break fee? Did the board approve the contract? Will the board attempt to claw back some of Tripp’s payments?
Think of the upfront $30M payments to Tripp ($15M cash + $15M shares), development costs and time spent supporting betr while they were running promotions to build their customer base but paying BET little because they were generating net gaming revenue.
Is BET a legitimate commercial business or a personal piggy bank?
Ann: Amendment of Betr Agreement ahead of Betr acquisition, page-66
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