I mean technically its a premium to current SP but in reality if they had to buy 400m shares on market the SP would be pushed well north of 20c so they are getting a pretty good deal.
So is Spenda by having a group as an ally that will bring billions of dollars in flows onto spendas system.
Things are changing much faster than the market realises. The company already posted that they are on track to process a billion dollars in payment flows by EOFY. At the time of posting that we were at 100m and pretty much the same SP as today.
Since posting there have been further deals announced that will bring even greater flows still so not a great deal to worry about here.
Just sit back and watch the revenue climb. Easy as pie.
Ann: Voluntary Suspension, page-156
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