gamma is a miner for crypto with a gaming angle which is the...

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HoganHound

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05/06/20

09:12

Post #: 45051042
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Originally posted by mr_delta: ↑

@pangu

any comments on this Gamma acquisition for US$350K? Does it provide any extra "oomph" than what we already have acquired over such random acquistions in the last 2 years?

I am not much of a fan of acquisitions left right & centre but it doesn't matter what I think...

ASX Release
27 June 2019
Animoca Brands acquires Gamma to boost gamer audience and distribution capabilities

Animoca Brands to acquire 100% of Gamma Innovations Inc. (“Gamma”) to leverage new audiences and leverage distributed computing power
Gamma’s GammaNow computing engine is a desktop application that leverages users’ idle processing power
Acquisition price is US$350,000, with a potential earnout of US$2,500,000 if Gamma achieves (a) a cumulative revenue target of at least US$5 million over the three year period after the closing of the transaction, and (b) a net profit of at least 5% over that period. Animoca Brands may also, at its sole discretion, commit up to an additional US$350,000 to fund Gamma’s operations, research and development, and customer acquisition

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gamma is a miner for crypto with a gaming angle which is the Razer partnership given the recent rise in eth and crypto it looks good.
AB1 Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
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gamma is a miner for crypto with a gaming angle which is the...

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