BET 0.00% 8.2¢ betmakers technology group ltd

Ann: TBH to acquire 100% of shares in Global Betting Services, page-7

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 920 Posts.
    lightbulb Created with Sketch. 8
    If you had better reading/comprehension skills you’d see that the announcement clearly states that 10c will be the floor price that any shares would be issued.

    “ the issue of such number of ordinary shares in the capital of TBH (“TBH Shares”)
    to the Seller (or nominee) to the value of $9,000,000 based on a price per share being the 15-day VWAP immediately prior to the Second Instalment Payment Date (subject to a floor price of $0.10 per share)*;”

    On what basis do you expect to see the market cap halve by this acquisition?
 
watchlist Created with Sketch. Add BET (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.