Of course you are stating the obvious. The Betr deal was not as good as it looked initially with Tripp gaining exclusivity of premium services for what in return turned out to be services which were not being paid on time and were looking very much like a bad debt for a substantial amount. If things actually go ahead in accord with this amended release then I see it as a "get out of Gaol" card for BET and good riddance to that highly restrictive deal. Bet are saying that it should not change their current anticipated position at year end. It appears that this will be largely due to cost savings. The best news within this announcement is that they can now utilise existing resources to push Nextgen and sell their premium services out to existing and new clients. Its beginning to sound like it has potential.
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- Ann: Amendment of Betr Agreement ahead of Betr acquisition
Ann: Amendment of Betr Agreement ahead of Betr acquisition, page-4
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