Animoca’s holdings in iCandy (ici) based on 10-23 closing shares price and total market cap of $40 million is looking pretty clever at the moment
it looks like when they sold 11 million shares recently that was about 25% of their holding and would probably leave then with about 5-7.5 % of total shares outstanding which appears to be around 400 million (round numbers here)
equating to a pretax gain at the moment of at least $2 million AUD
the press release detailing the transaction was a bit confusing to me, so this is just my interpretation on the filing form required for major change in share holder
if anyone here has a more precise accounting of this please clean up my estimate !
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