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09/09/22
14:04
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Originally posted by Jethrow:
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Page 19 mentions Acquisitions. I've heard that My Rewards is going to be taking over a decent sized company in the same industry. The company which they are taking over is bigger than My Rewards itself. There is going to be a small cap raise shortly I'm guessing. Since companies generally release these presentations just prior to a cap raise. After the cap raise I would think they will be announcing that the takeover is complete. And I would assume the stock price is going to increase significantly. This is just rumours I have heard. But with today's presentation specifically outlined that My Rewards is actively looking to takeover other companies and they know the cost is going to be less than $2m cash. Stating these specific figures tells me that this is real and we will soon hear about a takeover bid
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So if they can buy a bigger company for less than $2m why does it make MRI worth????