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the problem is not FY24 as BET will receive all contracted...

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11/04/24

14:06

Post #: 73297208
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Originally posted by spider5: ↑

Pasted straight out of the announcement - “BetMakers continues to be heavily focused on top line growth and cost reduction. The Company remains on track to achieve low double-digit revenue growth in FY24, and beyond FY24 we maintain confidence in delivering solid top line
growth, even in the absence of any ongoing betr platform revenue. We also remain on track to manage our cost base
to under $110 million in FY24, with further efficiencies beyond that possible as a result of the betr agreement changes."

We either believe the above statement or we don't and view Matt as doing little more than mirroring the previous management. There is strong inference within the announcement that BETR were struggling to meet the terms of the previous agreement and that Matt was pleased to retrieve payment of what was already owed. If that is the case any action to take action over even larger amounts is probably only going to destroy the deal with BBT and leave the outstanding debt and what appears to be a loss making deal as well as destroy any chance of any compromise deal at all. Matt would have to do the maths on what the announced deal is going to bring in the long term and what he was likely to achieve by destroying it. It appears that the maths on the compromise was much more beneficial monetarily as well as releasing the company from the restrictions which were in place as well as being able to redeploy their resources to better revenue opportunities. IMO management made the right decision for the long term regardless of the short term implications which I believe he has covered in the above statement anyway.

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the problem is not FY24 as BET will receive all contracted amounts from BETR. it's FY25 when this $7.5m drops off. sure costs might decrease, but you'd have to think most of the costs were in the setup stage

BET Price at posting: 10.3¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 8.5¢		Change 0.009(11.8%)		Mkt cap ! $82.03M

Open	High	Low	Value	Volume
7.8¢	8.8¢	7.8¢	$233.6K	2.816M

Buyers (Bids)

No.	Vol.	Price($)
2	20823	8.3¢

Sellers (Offers)

Price($)	Vol.	No.
8.5¢	99999	1

View Market Depth

No.	Vol.	Price($)
2	20823	0.083
1	260000	0.082
1	210000	0.081
1	500000	0.080
3	162658	0.079

Price($)	Vol.	No.
0.085	99999	1
0.086	88428	1
0.087	100000	1
0.088	559107	5
0.090	59585	4

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the problem is not FY24 as BET will receive all contracted...

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the problem is not FY24 as BET will receive all contracted...

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