Place Your Bets, page-608

I think the price is being held down for the sole purpose of keeping the market cap under $300M...this way the company can apply the listing rule to get an extra 10% placement capacity on top of the 15% allowed.

Most acquisitions are usually ‘Cash + Shares’.......and we have enough cash.....and after the vote, we should have enough shares.

I don’t think Management will ‘let go’ of BET at this stage and certainly not for 0.70 - 0.90 cents per share. We are still growing and there are a lot of possibilities.

BET has a monopoly where they are the ‘independent middle man’........if the company was taken over buy a large Bookmaker/Gambling company then the serviced provided to Racing Authorities would not seem independent to them as the BM/GA would control 2/3 of the process.

Any takeover offer would have to start at $1.50 per share........but I feel with Matt Davey on board that acquisitions is the name of the game at the moment.