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Ann: Spenda announces strategic acquisition of Limepay, page-131

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213 Posts.

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16/07/24

16:40

Post #: 74778831
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Originally posted by 82Punter: ↑

Let's look at this deal:
Today's SP is $0.007
first tranche of shares is issued at $0.0121, resulting in about 150m less shares being issued than if it was at the current SP.
second tranche is tied to receipt of their R&D refund, likely to do with working cap requirements.
tranches 3 & 4 are tied to revenue outcomes and have a floor price, so tranche 3 is issued at a price that is at least 2.5 times the current SP and tranche 4 is 3.2 times the current SP.
if they don't produce the goods, then they don't get the shares.
shares are escrowed so that there's not a race for the exit following completion.
seems that Limepay has some technology that Spenda hasn't developed itself yet, so that may shorten the timeframe for Spenda to release products to the likes of CC, Cap & eBev and therefore bring forward revenue.

If they don't hit their revenue milestones, then SPX will have issued about 260m shares to acquire tech that they apparently need and therefore don't need to pay inhouse staff to build it, which we all know the staff costs are not cheap on a quarterly basis.

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they didn't mentioned about ebev only cc and capri
SPX Price at posting: 0.8¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 0.8¢		Change 0.001(14.3%)		Mkt cap ! $34.59M

Open	High	Low	Value	Volume
0.8¢	0.9¢	0.8¢	$80.29K	10.03M

Buyers (Bids)

No.	Vol.	Price($)
10	6953272	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	447996	1

View Market Depth

No.	Vol.	Price($)
10	6953272	0.007
20	12248943	0.006
13	10290000	0.005
8	17625000	0.004
2	850000	0.003

Price($)	Vol.	No.
0.008	447996	1
0.009	9803206	11
0.010	8263018	16
0.011	5097150	7
0.012	3853718	8

Last trade - 16.10pm 16/07/2024 (20 minute delay)

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