re: Ann: Acquisition of mig33 social entertai... First...

re: Ann: Acquisition of mig33 social entertai... First impression looks very good..

Current MC $8.7m after todays gain - According to ann.
'On completion of the transaction, Latin Gold shareholders will own approximately 30.5% of the merged group.'

So combined entity would be approx. $25m with
'over 3 million monthly active users.' & 'A significant attraction of the mig33 business model to Latin Gold was that,even in this early stage of commercialisation, income is being generated through the company’s monetisation model which is based around surety of payment through the purchase of mig33 prepaid credits'

I guess depends what the revenue/expense figures look like but SMA MC. $44m with bugger all active customers and insignificant revenue. Very similar businesses from the sounds..