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18.0¢ abarta resources limited

Ann: Trading Halt, page-28

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infinity_303

258 Posts.

18

05/08/19

17:19

Post #: 39868006
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Originally posted by Grinder57: ↑

Are we guessing the the Cash Raise is directly related to the “proposed acquisition” and or related to another possible deal that could be looming?

The Company has reported they are holding $10 million in cash as of the close of June, 2019 and use their shares as currency along with cash for previous deals.
They also have over 800 million shares outstanding, which doesn’t seem to be slowing down the price momentum!

Do they need another Blockchain studio, technology or just another specific puzzle piece to put in place?
I have been on board only for a couple of months, but I have never seen so much deal making at such a swift pace!

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My prediction is it has something to do with the Dapper Labs announcement last week as AB1 has previously been a distributor for Dapper Labs & the Crypto Kitty NFTs. See @pangu post for the link

AB1 Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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