It definitely doesn't look good on face value the $15M cash...

It definitely doesn't look good on face value the $15M cash payment. However, When the terms of the deal were been drawn up Matt Trip invested $25M into betmakers @ 70cents. IMO the deal took a lot longer then expected to get across the line. There was chatters of Newscorp entering the mkt for quite some time. I would almost say with certainty The $15M payment would not have been given had the share price held up. Matt's $25M he gave to BET was still on the balance sheet yet he was down significantly on his 70cent shares. Matt Tripps options are also now well below market pricing at time of deal giving a double hit. Markets change significantly and thus terms needed to be adjusted to possibly meet the initial terms of the deal in $ terms when also looking at the share price. Not a fan of the payment but can make sense of it. Just my opinion.