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Ann: Key Acquisition of Eagle Audio, page-46

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sabine

18,789 Posts.

3956

03/09/21

19:50

Post #: 55823066
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Originally posted by longreach ↑

Whilst it's actually irrelevant to SMN I wasn't aware Stephen Forman is a director of Pointsbet. It's certainly not mentioned in the Annual Report for Pointsbet, nor more recent ASX filings.
But what is relevant to SMN (and us shareholders) is that he has acted as guarantor for US$800,000, UNSECURED, for just a commercial rate of return. In effect he has enabled a very attractive transaction to proceed without having to go for a placement (= dilution), or share-based payment schedule.
In this day that is a very rare thing, and something we should admire.

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Hi Longreach .
I took that Pointsbet information from his linkedin profile
https://www.linkedin.com/in/stephenforman

cheers

SMN Price at posting: 83.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 57.5¢		Change 0.025(4.55%)		Mkt cap ! $78.98M

Open	High	Low	Value	Volume
57.5¢	57.5¢	57.5¢	$1.438K	2.5K

Buyers (Bids)

No.	Vol.	Price($)
1	4518	55.0¢

Sellers (Offers)

Price($)	Vol.	No.
61.0¢	1000	1

View Market Depth

No.	Vol.	Price($)
1	4518	0.550
1	12500	0.540
1	4644	0.535
2	12500	0.530
1	10000	0.525

Price($)	Vol.	No.
0.610	1000	1
0.625	9109	1
0.630	6837	1
0.670	1500	1
0.690	6000	1

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