Granny....such a poorly written article by ‘The...

Granny....such a poorly written article by ‘The Australian’.....who did the calculations on this!!...lets fix it for them.

Matt Tripp will have 134,714,285 shares if you include all the options and performance rights....and as per the article as at last Fridays $1.50 price he would actually have $202,071,427.50.....now stay with me for those playing at home (not you Granny, I’m not telling you anything new)

now BETs revenue for calculations of the agreement with TRIPP is $62M and EBITA is approx $8.2M (13.725% of Rev)

35,714,285 shares....he paid for with his $25M investment

for 35M shares....he needs to increase BetMakers revenue by 10% under the ‘Strategic Deal’......therefore an increase of $6.2M (62m x 10%)per year. these expiry in 2023 if no deal completed .

for 64M shares...he needs to increase BetMakers revenue by 100% and EBITA by 100% under the ‘Transformational Deal’....therefore revenue would need to go to $136.4M (62m + 6.2)x2 with an EBITA of $18.72M (13.725% of Rev). again these will expiry if no deal completed by 2023.

TAB demerger and BET agreement to manage the backend would be classified as a transformational deal if you consider their online wagering turnover in 2020 was $7.1B (up 3.9% on prior year) and their retail wagering turnover was $5.4B (down 27% on prior year)......now if we clipped 2% of of their wagering turnover....that equates to $250M revenue per year just from TAB.

............now did someone mention Sportech and Fixed-Odds in the USA (don’t tell anyone, in my opinion I think we will achieve an annual revenue of $500M once everything is in place)

Why are you still reading this.......get onto your brokers and double down........today was a warning shot.

Load Up!

Granny, you have been on fire!