AB1 0.00% 18.0¢ abarta resources limited

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  1. 1,422 Posts.
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    so you are claiming you had no idea about the restructuring and sale of assets in 2017 which is the reason why the business has performed so well in 2018? this was one year ago.


    https://www.animocabrands.com/sale-of-casual-games-to-icandy


    highlights 

    Total sale consideration includes up to A$8.0m in upfront and deferred consideration with additional upside from earn-out payments. The sale consideration is to be paid as follows:

    • Upfront consideration comprises a ~A$1.0m cash payment and ~A$4.0m payable in iCandy shares, payable within 30 days of the deal closing

    • Deferred payments of up to a total ~A$3.0m payable in iCandy shares in 2018 and 2019, subject to revenue hurdles

    • Earn-out payments enable Animoca Brands to share in the profit of the games sold for a period of 5 years after closing


 
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