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
0.9¢ |
Change
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Mkt cap ! $38.92M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 0.9¢ | $101.4K | 9.387M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 5355167 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 597838 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 5355167 | 0.009 |
10 | 1666112 | 0.008 |
12 | 11640369 | 0.007 |
8 | 6885000 | 0.006 |
8 | 10350001 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 597838 | 2 |
0.011 | 3457558 | 5 |
0.012 | 8278740 | 18 |
0.013 | 4265663 | 7 |
0.014 | 5434810 | 8 |
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