AVC pier 12 capital limited
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Ann: Response to ASX Aware Letter-YNB.AX, page-3

  1. R3N
    353 Posts.
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    15/10/16
    13:21
    Post #: 19881698
    The details on the Playmeet deal is surprising. It was supposed to be 2x tranches of USD500K for the 10% interest. Now we are learning they only have a 1.2% for USD200k. The good news is the $1m liability isn't really owed. So they've just written off their USD200k.

    Also, management haven't replied to my emails when I queried about the Lenovo announcement/TH and also the Playmeet liability. Can only imagine they're not responding to other queries which led to the ASX looking in to them.
    YNB Price at posting: 7.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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