What's hard to understand??
AF and 2 other unrelated parties held the shares in a shelf company that wasn't being used for anything. The Greenshoots team needed to transfer their IP from a trust structure to a company for the acquisition to be able to proceed. To make life easier and save the Greenshoots people some $$, AF gave them the existing shelf company rather than them having to pay to setup a new one.
CRO didn't pay $1.5m for a shell. They have paid $1.5m in shares to acquire the IP that has been transferred from a trust structure to the shelf company and hence the shelf company's value was equal to the value of the IP at the time the acquisition was executed.
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What's hard to understand??AF and 2 other unrelated parties held...
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $30.27M |
Open | High | Low | Value | Volume |
0.7¢ | 0.7¢ | 0.7¢ | $2.428K | 346.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 7142412 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 4021727 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 7142412 | 0.007 |
19 | 11430609 | 0.006 |
15 | 11250000 | 0.005 |
7 | 19000000 | 0.004 |
3 | 850001 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 4021727 | 13 |
0.009 | 3040487 | 6 |
0.010 | 8757561 | 16 |
0.011 | 4768514 | 4 |
0.012 | 3771718 | 7 |
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