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The Bizz

2,062 Posts.

303

08/07/18

13:11

Post #: 34212006
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Originally posted by Creaturemagic ↑

"deferred consideration of A$1.5 payable in either cash or shares... at the end of 2018"

For starters, it isn't in a months time, like you suggest.

Secondly, they had $2.2 million in the bank at the end of Q1 and even just assuming similar revenue to Q1, they could easily cover costs of operation in Q2 and use the $2.2 million to pay the consideration.

I, however, am predicting Q2 to show $4 million revenue and therefore $1 million profit. So this would again give them great capability to pay the consideration when they already have $2.2 million in the bank and $3 million of the $4 million Q2 revenue (predicted) would cover Q2 costs.

Thirdly, they are able to pay in shares, and therefore it would be pointless to do a raise only to pay TicBits in cash when they can simply pay them in shares.

It's not due until the end of 2018, by which time we will have Android CDH released as well as Masterchef and CryptoKitties, and I would assume A$1.5 million would be easily either paid upfront, or paid in shares which, at the end of 2018, will hopefully be 10+cents.

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Don't forget $1.25 Mill from ICI deal.....that cash Alone Covers it....Pretty Much

Last edited by The Bizz: 08/07/18

AB1 Price at posting: 6.0¢ Sentiment: Buy Disclosure: Held
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