3mill shares at what price?? 10c?? How much has it cost for the 51%?? How much is the deal worth??
From the amphead announcement:
The acquisition involves an initial consideration of 3,000,000 fully paid ordinary shares in the
Swish Group, a cash component to be paid over the next 12 months and a performance
related component based on the performance of the Swish Amphead business over the next
two financial years.
Amphead Entertainment, which has an exclusive agreement with U.S.A based The Orchard,
the world’s largest aggregator and marketer of independent music content, will greatly
enhance the Company’s production and content aggregation division. The new business, to
be called Swish Amphead, is expected to increase the Company’s revenues and earnings
significantly over the next two years and to be profitable from day one.
Swish Group Managing Director Cary Stynes said “I am pleased to announce the acquisition
of a controlling interest in Amphead Entertainment which has positioned itself extremely well
to take advantage of the significant growth that is taking place in the online music space both
through its existing relationships in Australia and New Zealand and through its exclusive
arrangement with the world’s largest aggregator and marketer of independent audio and
video content. While it is difficult to accurately assess the growth potential of such a business
in an industry that is expanding exponentially the Swish Amphead business is expected to
grow significantly in the short to medium term.”
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