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Ann: Update on Waterhouse Agreement, page-6

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  1. parramatters
    64 Posts.
    lightbulb Created with Sketch. 20
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    26/06/21
    08:19
    Post #: 54086242
    Hi @Helpneeded70 and @Modishv,

    I was redirected here by @nepgunner https://hotcopper.com.au/threads/how-much-of-bet-does-waterhouse-own.6089275/#post-53567239

    I am doing some research on BET and trying to understand the Waterhouse Agreement.

    Is it correct that if Waterhouse generates $17m in BET revenue until Dec-22 he will earn 94.7m performance rights/options that he can convert into shares @ 18c = $17m?

    Secondly does "reorganisation of the issued capital in BET" mean that the number of performance rights Waterhouse can earn will increase up to 19.99% of BET stock up until Dec-22?
    BET Price at posting: $1.19 Sentiment: None Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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