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EBET "The Big Connection is here" - suing Aspire Global for $70million plus damages
NeoGames has since acquired Aspire Global back on June of 2022
https://neogames.com/neogames-completes-tender-offer-of-aspire-global/
Aristocrat Leisure is acquiring NeoGames which was announced in May 2023 here for $1.2B
https://ir.aristocrat.com/static-files/4c674973-f511-49f1-a67c-3f38e1a4ab2d
Thus, Aristocrat Leisure is the $26Billion dollar company that EBET is suing
They are cash strapped and growing fast , acquiring , doing mega Billion $$ in buybacks right now they have so much $$
EBET DD: Suing a $26B Company For $70m+ (Settlement or buyout could hit at any time)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
Best site found to follow the trial here: EBET, Inc. v. Aspire Global International Limited et al https://unicourt.com/case/pc-db5-casegu28c865ea6042-1694163?init_S=ch_ltst
Docket filing #40 hints to Discovery is getting close and things could really heat up when that happens
Current wrap up here , will update as new info comes out! With more organized DD wrap ups!
EBET another site found to follow the trial here - https://unicourt.com/case/pc-db5-casegu28c865ea6042-1694163?init_S=ch_ltst
EBET DD: Suing a $26B Company For $70m+ (Settlement or buyout could hit at any time)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
EBET .133 .1221 x.1497 now opening up as trial setting up for discovery next $70m+ lawsuit against a $26b Company
See Docket Filing #40 discovery plan mentioned!
https://unicourt.com/case/pc-db5-casegu28c865ea6042-1694163?init_S=ch_ltst
EBET DD: Suing a $26B Company For $70m+ (Settlement or buyout could hit at any time)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
EBET .1215 x .13 trial just updated to docket filing #44 latest , seems to be moving ahead at a nice pace #40 Discovery plan mentioned noted.
https://www.pacermonitor.com/public/case/51295245/EBET,_Inc_v_Aspire_Global_International_Limited_et_al
https://dockets.justia.com/docket/nevada/nvdce/2:2023cv01830/165338
EBET DD: Suing a $26B Company For $70m+ (Settlement or buyout could hit at any time)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
EBET trial just updated to docket filing #44 latest , seems to be moving ahead at a nice pace #40 Discovery plan mentioned noted.
https://www.pacermonitor.com/public/case/51295245/EBET,_Inc_v_Aspire_Global_International_Limited_et_al
https://dockets.justia.com/docket/nevada/nvdce/2:2023cv01830/165338
EBET DD: Suing a $26B Company For $70m+ (Settlement or buyout could hit at any time)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
Btw EBET is now heading into trial suing a $26+Billion Co. for $70m+, while you were sleeping lol
EBET DD: Suing a $26B Company For $70m+ (Settlement or buyout could hit at any time)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
here is the next hint : Discovery
EBET now technically , look at the Chaikin money Flow(CMF) = Accumulation buying pressure, most seen in these last 8 months ,
https://stockcharts.com/h-sc/ui?s=ebet&p=D&yr=0&mn=8&dy=0&id=p11960084343
On the 2 year chart last CMF of this amount was followed by a move from $12.45 to $79.80
https://stockcharts.com/h-sc/ui?s=ebet&p=D&yr=2&mn=0&dy=0&id=p11960084343
EBET DD: Suing a $26B Company For $70m+ (Settlement or buyout could hit at any time)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
Yes best case is EBET is bought out , all evidence seems to point that way. Now even better than that is if a third party steps in to start a bidding war for EBET , then we are talking $25-$50+ a share value
Time to start looking at the Companies bigger or near as big as Aristocrat Leisure this $26Bil Company that could just buy them.
I am good with a nice settlement or these big guys buying them but got to keep digging , don't want to sell too early, this could be bigger .
Also , EBET was around $30+ value before they got involved with Aspire Global 2yrs ago , just a settlement could bring that value right back fast
EBET DD: Suing a $26B Company For $70m+ (Settlement or buyout could hit at any time)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
EBET Trial :Discovery is about to be received soon by the looks of it as motion #40 says "Discovery Plan and scheduling order " , then it is on like Donkey Kong . Buyers before Discovery getting the best prices , got a few good prices but still have a higher cost average here . Still looking at a nice gain for me as I see it.
At any moment this could just get a settlement $70m+ , offers to settle? plus damages $100m++?
High odds also for a Buyout with all the $$$$ Aristocrat has . $200mil? $400mil? $600mil?
Aristocrat Leisure , they own Aspire Global & NeoGames , they are all linked together . $26Billion Company
EBET is now a thorn in their side
What are they going to do? Let this trial play out in full? Very bad publicity for Aristocrat Leisure indeed!
EBET DD: Suing a $26B Company For $70m+ (Settlement or buyout could hit at any time)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
Here is the current Docket filings that show the #40 Discovery Plan mentioned as been following the trial on Pacer:
Got a lot of DD on EBET and this trial now and all all companies involved, this is my current wrap up to date , still going over all my info thinking about it never satisfied,anything new I find I am posting it to add to the DD Posting for all to see ,appreciate feedback good or bad and also easier for myself to review as IHUB here is a nice place to keep it all together!
I just click myself and see myself going crazy with the DD here , This trial is such a gamechanger for EBET to turn it back up into a full reversal , with the help of Houlihan Lokey they hired to get them straight!, I also think that is Houlihan Lokey's plan = sue them to force a buyout, but either way settle or buyout is huge for EBET
https://investorshub.advfn.com/boards/profile.aspx?user=60152
Last acquisition by Aristocrat Leisure was NeoGames NGMS
https://www.nasdaq.com/articles/why-neogames-stock-soared-on-monday
"NeoGames reported net losses in the past quarter and for the full 2022 fiscal year. Yet its revenue base is expanding quickly, and NeoGames reached much higher valuations at times during the pandemic."
This is another reason I like that EBET can be bought out by this giant , 1.2B on NeoGames , EBET how about $300m-$500m??
They don't care about past losses as they see revenue bases expanding quickly , this gaming industry is huge , still early and expanding fast
Huge buyback going on with Aristocrat Leisure (the parent company of Aspire Global) This $26 Bil company has so much $$ . Signed up for alerts with them and they are just buying like crazy.
https://ir.aristocrat.com/company-news-performance/asx-announcements
Here is their list of Acquisitions , looks like a nice fit ready to buy EBET for 2024 if they don't do a settlement
https://tracxn.com/d/acquisitions/acquisitions-by-aristocrat-leisure/__lHafxzYnY5-D1Mx2g3LO_DOwrDY2XJhNNRfYYXS2hBI
They can just buy up EBET in a snap at any moment with that kind of $$$ , they sure like to spend it ,huge gaming industry is growing so fast!
EBET DD: Suing a $26B Company For $70m+ (Settlement or buyout could hit at any time)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
Was Fri the last time to buy EBET cheap? You worried ?The 10k showing they got $$ to proceed with the trial did just hit after the close, and they are getting very close to the discovery phase.
Level2 showed a big jump to .19 too all day , market makers know what's going on with the trial too,fyi.
Yes and looking at the chart here
https://stockcharts.com/h-sc/ui?s=EBET&p=W&b=5&g=0&id=p84354014936
Tell me again about this pattern you see?? lol debunked ya again
Yes I have been buying and will continue to add more EBET , thanks.
And I believe they will either win this case or be bought out , thanks again.
You clearly don't believe they could win this case , I get it . See ya
Now go and try to find another stock with so much upside potential .
EBET DD: Suing a $26B Company For $70m+ (Settlement or buyout could hit at any time too)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
As for $$ to spend on this trial which is moving right ahead , I guess you didn't just see the $$ that the lender just gave EBET to proceed with the trial. Says so in the 10k which just hit Fri after the close. Maybe you missed it ? here ya go , its in there: https://www.sec.gov/ix?doc=/Archives/edgar/data/1829966/000168316824000266/ebet_i10k-093023.htm
Keep it up , you are just getting debunked left and right lol
Yes there is a trial going on , at least you acknowledge that now.
Apparently you have no clue to what is even going on with EBET , or you just want to try to get some shares cheap here before discovery hits .
$70mil + is no joke , and this trial is happening.
Just trying to make waves to day trade , I get it. Gltu
I day trade some times but be careful if your out you may miss it.
The big question trying to figure out is what will EBET price go to if they get an estimated settlement of say of $100Million.
If this were to end on Monday with Aristocrat Leisure(Aspire Global) just settling out of court and ending this trial .
What will EBET go to???
EBET MarketCap Value was around $33 a share right before they did this deal with Aspire back on Oct 1 ,2021
And if $33 becomes a buyout offer instead , Aristocrat Leisure will pay $495mil to buy EBET out
I see this as the high end possibilities
Say they buyout for just $200m = $13.33 a share
Even just a settlement of $70 not including damages.. = $4.66
EBET DD: Suing a $26B Company For $70m+ (Settlement or buyout could hit at any time too) https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
Hence the lawsuit against Aspire , yes it was back on April 25, 2023 which everyone was aware of at the time since the price fell from well over $10 to where we are now since then.
But that is a moot point as they are now in a Trial seeking recovery of all they lost because of the acquisition of Aspire Global.
EBET is seeking $70milllion plus punitive and other damages proven at trial
"On September 28, 2023, EBET, INC. filed a lawsuit in the State of Nevada against Aspire Global PLC, AG Communications and affiliated entities asserting damages in an amount of no less than 65,000,000 Euro plus punitive and other damages proven at trial (“Aspire Litigation”) and including causes of action against Aspire and the other defendants for fraud, material breach of the share purchase agreement whereon the Company had acquired the i-gaming B2C assets including the Karamba, Hopa, Griffon Casino, BetTarget, Dansk777, and GenerationVIP domains, sites, player database and other related assets and also related to the operator service agreements and Promissory Note entered concurrent with the closing of the share purchase agreement, and other causes of action. On November 7, 2023, Aspire and the other defendants removed the subject matter to the United States District Court for the District of Nevada. On December 12, 2024, Aspire filed a Motion to Dismiss our Complaint in the matter and on January 9, 2024 we filed an Opposition to Aspire’s Motion to Dismiss. "
Now get ready for the Discovery phase of the trial coming up next(unless they want to end this fast and just settle or buy them out of course)
$EBET .1174 HUGE NEWS in 10k after the close = FULLY FUNDED FOR TRIAL GOING FORWARD FOR $70MILLION +++(OR BUYOUT/SETTLEMENT)=People starting to figure this out here:
https://stockcharts.com/h-sc/ui?s=EBET&p=W&b=5&g=0&id=p84354014936
My DD: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
See if we get a move up some in price now that EBET has shown us they are fully funded for this trial . They are going in full swing to get paid from this $26 Billion Dollar company, people are gonna figure this out ->>>>>>>. Aspire Global is owned by Aristocrat Leisure (THE $26B COMPANY)
Surprised I haven't seen any writeups making this connection from the big $$ yet , soon on all the gaming news sites talking about EBET against the this BIG gaming company.
THE OUTCOME OF THIS TRIAL COULD AFFECT RULES AND REGULATIONS IN THIS BILLION DOLLAR GAMING INDUSTRY = HUGE NEWS
I guess that is why the price is so low = people are yet to make this connection , they haven't fully figured it out yet , signs are showing some are starting to figure out what's going on here:
That move to .25 we just had sure is showing the signs that people are starting to figure it out!
I see the lender gave EBET more $$ is a good thing for the trial that is going on , perhaps the lender sees they have a good chance of getting their $70m+ or buyout . That's the main thing going on and all that matters at this point .
"On January 9, 2024, the Company, the subsidiaries of the Company and the Lender entered into a Third Amendment to Credit Agreement (the “Amendment No. 3”). The Amendment No. 3 increased the maximum available amount of the Revolving Loan from $4.0 million to $6.5 million and provided such additional loan availability under a use of proceeds that including working capital as well as funding for our litigation matters, materially including our litigation against Aspire."
I will be looking through it more , but it all comes down to the trial that is going on .
EBET more updates on going to trial, Discovery plan mentioned, seeing up to docket filing #41 now newest:
2 links found here shows updates , on Pacer it asks to signup but sometimes it shows (have free trial so far here)
This other link updates are slower here :
https://dockets.justia.com/docket/nevada/nvdce/2:2023cv01830/165338
https://www.pacermonitor.com/public/case/51295245/EBET,_Inc_v_Aspire_Global_International_Limited_et_al
$EBET 📢Buyout or Settlement within the next 2 weeks! Based on entering Discovery Phase now if Aristocrat wants to shut them up earliest before it gets real messy for them .DISCOVERY is Delivered real soon based on the Trial filings📢 🐳🐳🐳🚀🚀🪐☄️🔭📢
https://www.pacermonitor.com/public/case/51295245/EBET,_Inc_v_Aspire_Global_International_Limited_et_al
EBET DD: Suing a $26B Company For $70m+ https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
$EBET 📢Buyout or Settlement within the next 2 weeks! Based on entering Discovery Phase now if Aristocrat wants to shut them up earliest before it gets real messy for them .DISCOVERY is Delivered real soon based on the Trial filings📢 🐳🐳🐳🚀🚀🪐☄️🔭📢
https://www.pacermonitor.com/public/case/51295245/EBET,_Inc_v_Aspire_Global_International_Limited_et_al
EBET DD: Suing a $26B Company For $70m+ https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
Insiders can't just buy if they think or even know if EBET will get $$ or buyout , that would be trading on insider info.
They will get paid big time some other way , they don't have to buy open market anyways
EBET DD: Suing a $26B Company For $70m+ https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
Watch for more writeups to start hitting the wires , this is big for the gaming industry
Here is last major writeup early mention EBET on DEC 5th
https://igamingbusiness.com/legal-compliance/legal/ebet-and-btobet-launch-legal-challenges-against-aspire-global/
Now Discovery should bring out much more juicy details and last move to .25 will be nothing compared imo
EBET .11 x.122 New Trial phase starting as Discovery starting on $70m+ lawsuit against a $26b Company
EBET DD : https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
Following Trial here : https://www.pacermonitor.com/public/case/51295245/EBET,_Inc_v_Aspire_Global_International_Limited_et_al
Yes you got it , Discovery is going to start hitting the trial, motions to dismiss are are most likely denied seeing this, closer to a buyout or settlement as Aspire(Aristocrat Leisure) starts to SEE the Discovery.
Aristocrat Leisure now deciding what their next move is:
Settlement before the trial gets in too deep
Buy them out
Or let trial keep going .
EBET DD suing a $26B Company For $70m+ https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
EBET new Trial filing looks like heading into the Discovery phase now:
"40 📷 motion Discovery Plan and Scheduling Order Wed 01/10 6:40 PM
Stipulated Discovery Plan and Scheduling Order by Plaintiff EBET, Inc... (Goodman, Andrew)"
https://www.pacermonitor.com/public/case/51295245/EBET,_Inc_v_Aspire_Global_International_Limited_et_al
EBET DD suiing a $26B Company For $70m+ https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
EBET new Trial filing looks like heading into the Discovery phase now:
"40 📷 motion Discovery Plan and Scheduling Order Wed 01/10 6:40 PM
Stipulated Discovery Plan and Scheduling Order by Plaintiff EBET, Inc... (Goodman, Andrew)"
https://www.pacermonitor.com/public/case/51295245/EBET,_Inc_v_Aspire_Global_International_Limited_et_al
EBET DD suiing a $26B Company For $70m+ https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
EBET New updates on the trial now today, up to Docket filing #39 here
Have 2 sites now to follow the trial , Pacer updated quicker so far
https://dockets.justia.com/docket/nevada/nvdce/2:2023cv01830/165338
https://www.pacermonitor.com/public/case/51295245/EBET,_Inc_v_Aspire_Global_International_Limited_et_al
EBET suing a $26Billion Company for $70m+ DD here updates to follow https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
EBET suing a $26Billion Company for $70m+ DD here updates to follow https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
EBET New updates on the trial now today, up to Docket filing #39 here
Have 2 sites now to follow the trial , Pacer updated quicker so far
https://dockets.justia.com/docket/nevada/nvdce/2:2023cv01830/165338
https://www.pacermonitor.com/public/case/51295245/EBET,_Inc_v_Aspire_Global_International_Limited_et_al
With current shares out of just 15m and if EBET gets a settlement of $70million out of this trial is all one really needs to know at this point (buyout still on the table with who we are dealing with too) Market cap goes right up big time and fast, then maybe even reapply and get back on the Nasdaq.
One has to understand why EBET dropped down to these levels , what's the story here, this sums it up for me:
The reason apparently for the drop from way up high was this acquisition of Aspire Global that they paid $75.9mil for just 2 years ago ,that dragged EBET down here to these levels we are at now.
https://www.streetinsider.com/Corporate+News/Esports+Technologies+%28EBET%29+Announces+Acquisition+of+Aspire+Globals+B2C+Business/19010301.html
So for anyone to say : What happened to EBET that it got so low here? That sums it up.
This is big time gaming and lots of rules and EBET says Aspire Global sold them a lemon and the laws that Aspire Global broke will make them pay big time .
And again yes , who owns Aspire Global = Aristocrat leisure the $26billion dollar huge gaming company
That's like asking a women her weight lol , i will just say I have less than you at a higher price . Highest cost avg was $1.75 at one point but working on it still adding cost averaging.
Too low , if they are suing for $70m+ EBET value must be way more , thinking $300mil+ to buy for the whole company
Not only their technology buy they will get all user accts to add to their portfolio too
EBET .117 x .123 in a cross accumulators bull flag wedge https://stockcharts.com/h-sc/ui?s=ebet&p=D&yr=0&mn=8&dy=0&id=p11960084343
EBET DD Suing a $26B Company for $70m+ in trial ( early Settlement of Buyout next imo) : = Dollar land +
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
Yes only had 1 split ever , was a 30-1 , that other dude is trying to spread false info
That's ok the real buyers are reading up doing their DD and know what the deal is here.
EBET DD: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
nothing is ever 100% but the odds here I really like, place your bets
That's what the math says : EBET 15m shares out divided by $70Million = $4.66 a share.
Even considering the loan they have left $26m owed out of original $30m loan
$70m - $26m = $44Mil they would have free and clear
So $44m divided by 15m OS = $2.93 a share at the low end of this.
I prefer a $200m - $300m buyout = $13.33 to $20 a share
Thinking when Discovery gets received is when major moves may happen. Following the case as it unfolds here :
https://dockets.justia.com/docket/nevada/nvdce/2:2023cv01830/165338
Only recent motions of delays was because of holidays.
Wondering if discovery will be open to public view ? If so many writeups will follow I'm sure
EBET DD : https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
EBET has the edge , If I were Aristocrat Leisure looking at this as it goes to trial - my main concern would be having to show all their accounting $$ and ways they did/do business , if they messed up as EBET claims they surely will end this fast and settle or buy them before they even come close to having to give up all their records, either way betting Aristocrat DOES NOT WANT THERE FINANCES BASICALLY AUDITED ! for anything, such a messy thing with all the gaming regulations and rules, still being updated as this sector is booming so fast $Billions at stake.
Also betting they would rather pay a few hundred million $$ and end this bad publicity that will surely grow from here,asap!
This $26billion Company that EBET is suing is weighing these options right now imo
Either settle/buyout rather quickly or risk loosing a few billion $$ shaved off there MarketCap from say $26Bil to $20bil, as a lot of bad press will surely follow, this could turn into a David and Goliath attraction in the gaming industry rather fast if not already.
Just buyout EBET for $200mil with 15m shares out = $13.00 a share!
Looks to me like Houlihan Lokey may have found a way to force a buyout.
Dude this is HUGE , EBET is going after one of the biggest in the gaming industry,$26Billion dollar company is no joke
All the big guys like Draftkings Fanduel Bally's Caesars and such are following this closely
Outcome could change the shape of regulations and rules for all these other $Billion Gaming Companies
I came back to EBET because of this .
Upside potential is Huge , sorry I can't stop being excited.
Btw, I am adding more DD as I find it(not quite repeating ) = This DIRECT LINK to follow the trial I found today in fact!
https://dockets.justia.com/docket/nevada/nvdce/2:2023cv01830/165338