The acquisition-led growth in 2019 also involved a variety of innovative financing structures, such as the SAFE notes issued by the Company’s subsidiary, TSB Gaming, and a number of share- swap investments into strategic partnerships. As a result, the balance sheet includes $5.0 million in “borrowings” which represents the funds raised by TSB Gaming and OliveX via the SAFE notes as well as borrowings assumed on acquisition of entities.
if ASX is happy for those “borrowings” we are closer to the end of this negotiation between Ab1 and ASX. I think ASX is overacted with SAFE, which is commonly used in the Silicon Valley. (Just how you interpret the accounting rules and reflects on the sheet, but cost us millions so far)
The acquisition-led growth in 2019 also involved a variety of...
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