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📢 📢 $EBET DD: Suing a $28Billion! Company For $70m+Damages could be well above $100mil (Settlement or buyout could hit at any time) 📢 📢 - Unicourt progress shows it started Nov 7th and is showing updates and moving forward.
EBET, Inc. v. Aspire Global International Limited et al
Following the Trial here free site - https://unicourt.com/case/pc-db5-casegu28c865ea6042-1694163?init_S=ch_ltst
or
On Pacer pay site only free for 14days https://www.pacermonitor.com/case/51295245/EBET,_Inc_v_Aspire_Global_International_Limited_et_al
Currently at Docket Filing #45 Where they just added the Big Guns Lead Litigation Trial Attorney This Guy A++ Experience here https://www.sidley.com/en/people/h/hummel-chad-s#experience
Other Key Docket Filing #40 mention of Discovery Plan *
📢 This acquisition back on Oct 1,2021 is what it is all about that dragged them down so much to these oversold levels https://www.streetinsider.com/Corporate+News/Esports+Technologies+%28EBET%29+Announces+Acquisition+of+Aspire+Globals+B2C+Business/19010301.html
📢 Now the new owner of Aspire Global is Aristocrat Leisure who will have to bail them out , not a problem $28 Billion Company!
These are pretty damning claims EBET has against them here https://igamingbusiness.com/legal-compliance/legal/ebet-and-btobet-launch-legal-challenges-against-aspire-global/
_________________________________________________________________________________________
When Discovery goes through it may get interesting as details will be received by the defendants
Next step either they get scared of a trial and settlement $$ offers
A situation for a buyout is higher than before the lawsuit was started imo , mostly because of the wealth of the parent company being sued
Aspire Global = Neogames = Aristocrat Leisure <<<< Aristocrat is the leader and a $28B Company! Here is the BIG connection - https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173639941
Here is Aristocrats list of acquisitions -
https://tracxn.com/d/acquisitions/acquisitions-by-aristocrat-leisure/__lHafxzYnY5-D1Mx2g3LO_DOwrDY2XJhNNRfYYXS2hBI
Here is there $28 Billion Company/Stock -
https://www.asx.com.au/markets/company/ALL
Also note EBET has had no dilution as shares out remains unchanged since OCT 2 @ 14,979,642
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173664789
Houlihan Lokey has also been hired by EBET to advise them months ago , looks like we are now seeing them work their magic as they are also a big firm with a great reputation.
Updated my DD from last month now, more to come.
$EBET This acquisition back on Oct 1,2021 is what it is all about here that dragged them down so much
https://www.streetinsider.com/Corporate+News/Esports+Technologies+%28EBET%29+Announces+Acquisition+of+Aspire+Globals+B2C+Business/19010301.html
This is what is all about the reversal that will get EBET back up to where they were before they were dragged down (all the way back up? Well a heck of a lot higher than here for starters!) https://igamingbusiness.com/legal-compliance/legal/ebet-and-btobet-launch-legal-challenges-against-aspire-global/
Its go time! Tick Tock to Discovery! Trial Time or B/O
EBET DD: Suing a $28B! Company For $70m+ (Settlement or buyout could hit at any time)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
EBET This acquisition back on Oct 1,2021 is what it is all about here that dragged them down so much
https://www.streetinsider.com/Corporate+News/Esports+Technologies+%28EBET%29+Announces+Acquisition+of+Aspire+Globals+B2C+Business/19010301.html
This is what is all about the reversal that will get EBET back up to where they were before they were dragged down (all the way back up? Well a heck of a lot higher than here for starters!) https://igamingbusiness.com/legal-compliance/legal/ebet-and-btobet-launch-legal-challenges-against-aspire-global/
Its go time! Tick Tock to Discovery! Trial Time or B/O
EBET DD: Suing a $28B! Company For $70m+ (Settlement or buyout could hit at any time)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
EBET has a $79.80 1 yr high , was $20.70 closing price on 1/24/23 exactly 1 yr ago, Aspire Global the crooks dragged EBET down. Payback is a bitch, we are are coming to get paid ,they have the $$ Aristocrat Leisure is now a $28 Billion Company owns Aspire(hint hint) .
EBET DD: Suing a $28B! Company For $70m+ (Settlement or buyout could hit at any time)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
$10 to $75 on the 2 year chart I like , this is where they get back what Aspire did to them and brought EBET down. $10 to $75 on recovery of $70m plus damages and back to pre Aspire days would be top targets .
https://stockcharts.com/h-sc/ui?s=EBET&p=D&yr=2&mn=0&dy=0&id=p07777324046
Super Bowl time , gaming gambling stocks get extra bullish too now = EBET Bonus push ++
$EBET 📢📢Seems we have bought up all the shares, no dilution confirmed since Oct2! Watch the numbers #1 rule ......................... People holding tight for discovery , settlement or buyout (big word but the math adds up) so excitement keeps building here...
EBET DD: Suing a $27B! Company For $70m+ (Settlement or buyout could hit at any time)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
.50+ $1+ What price will EBET be at when discovery is received ? Perhaps Aspire(Aristocrat Leisure) will deny discovery and just settle or buyout.
Formal filing that discovery is received on watch now for sure.
Just climb to discovery and then let them take it and climb as open arguments start is fine with me too, may be better than any buyout
EBET DD: Suing a $27B! Company For $70m+ (Settlement or buyout could hit at any time)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
$EBET breakout highs as trial for big money going forward ,discovery next, read up this is epic in the making..
EBET DD: Suing a $27B! Company For $70m+ (Settlement or buyout could hit at any time)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
$EBET breakout highs as trial for big money going forward ,discovery next, read up this is epic in the making..
EBET DD: Suing a $27B! Company For $70m+ (Settlement or buyout could hit at any time)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
Nice volume alert 50% increase day for EBET , looking for it to grow too. 1mil+ as more people discovering , getting back in, averaging down or in this new ....
Just the scope of all involved and payout potential is mind bottling and the potential % gains to the upside
EBET DD: Suing a $27B! Company For $70m+ (Settlement or buyout could hit at any time)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
Following this Epic Trial here : https://unicourt.com/case/pc-db5-casegu28c865ea6042-1694163?init_S=ch_ltst
Top Docket filings specific: #40 -Discovery Plan
#45- Big Litigation Trial Attorney Just Added
$EBET x.15 nice high volume day! = people figuring out the potential as new Lead Trial Attorney now added!
EBET DD: Suing a $27B! Company For $70m+ (Settlement or buyout could hit at any time)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
$EBET x15 nice high volume day! = people figuring out the potential as new Lead Trial Attorney now added!
EBET DD: Suing a $27B! Company For $70m+ (Settlement or buyout could hit at any time)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
Press release may hit soon now that EBET is legit going for this. Are they waiting for discovery to go through first before giving us an update?
Tides are turning nicely here and reversal seems to be in effect now.
Remember we have not had an update so good in like forever , this would really propel them forward.
Still keeping it on the down low in the filings for updates may be better until say .50+ .$1+
EBET DD: Suing a $27B! Company For $70m+ (Settlement or buyout could hit at any time)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
EBET Adds a Big Litigation Trial Attorney!! This is Huge ,among all that is huge of course going on. Scroll to EXPERIENCE and this is the guy we want . https://www.sidley.com/en/people/h/hummel-chad-s . Odds of a win or buyout just went way up with this latest docket filing #45 , Bring on the Discovery!!
I have no doubt this is the LEAD TRIAL ATTORNEY going over his wins
https://unicourt.com/case/pc-db5-casegu28c865ea6042-1694163?init_S=ch_ltst
EBET DD: Suing a $27B! Company For $70m+ (Settlement or buyout could hit at any time)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
I have sell orders in way over $20 a share , just in case I could be underestimating this and it pops to a buyout of like $10+, I wouldn't want to leave orders sit in at
just a few bucks. Wake up and they would take them and zoom up to their price,considering a $200m buyout = $13.33 a share.(had TDAmeritrade and they wouldn't let me put in a price so high , but since Schwab bought them they let me, yes!) .Still miss TD as the layout was better imo. And can't set alerts between cents, only rounds out now at Schwab.....
Shouldn't matter as when EBET goes up higher and trades with .05 .10 spreads as in .55x.60 or .95 x.1.10 1.50 x .1.70 or some sort.
Thinking ahead is a good idea considering the potential with all involved and consequences , can always change the order later but orders up the highest shows these market makers we know whats going on and they will think twice about getting caught short. They have probably been naked shorting anyways down from $3.00 and all the more better to add squeeze potential...
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=173671853
EBET where are we at in the trial? As this is the important catalyst of them all here going forward.(besides buyout option)
https://unicourt.com/case/pc-db5-casegu28c865ea6042-1694163?init_S=ch_ltst
Standard appointing lawyers on both sides
Then there was standard motions to dismiss from the defendant Aspire .
Then ask for some delay since Xmas and new years came in the middle of this
Change up of some attorneys
Discovery plan mentioned *Docket filing #40
Now latest EBET addition of attorney Chad S. Hummel *Docket filing #45 who by the looks of it from DD is a big attorney , my guess is he will be the heading this trial , also note he is from outside Novian and Novian the attorney group that is handling EBET here , so looks like they brought in this guy special.
again we are seeing Houlihan Lokey working their magic imo here
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=173668214
EBET is Operational and has revenues , Revenue =
For the year ended September 30, 2023, we generated $39,177,504 in revenue compared to $58,596,620 in revenue during the year ended September 30, 2022. The decrease in revenue in the year ended September 30, 2023, when compared with the same period in the prior year, was driven by the loss of the Company’s German operations in May 2023 and the Company’s shift to focus on higher margin revenue sources. As a result of the Company’s restructuring of the business to improve its immediate profitability, certain inefficient sales and marketing efforts have been curtailed, which have adversely impacted revenue growth since the restructuring.
Thus the lawsuit for their German Operations drop because ? ready for it? ASPIRE GLOBAL
Focus is on the trial , that is where they get $$$ back from Aristocrat Leisure , they own Aspire Global/NeoGames
And why buyout? Well they bought NeoGames which also had losses but REVENUES , that's all these big gaming companies want , revenues licenses client databases/subscribers to show growth ....
EBET has no dilution as outstanding shares remains unchanged the same from Oct 2
14,979,642, I knew you would show up , you now figured this out and want in lol, still time to buy but how long will these lows last as we are close to the Discovery phase being received...
https://www.otcmarkets.com/stock/EBET/security
EBET DD: Suing a $26B Company For $70m+ (Settlement or buyout could hit at any time)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
EBET $6.67 settlement valuation with $70mil plus damages($100mil using low estimate)= $6.67 a share based on their
14,979,642 shares Outstanding
Even is you subtract what they owe to the lender initial borrow of $30m there is still $70m value debt free = $4.67 a share(to which the lender just approved more
$$ to them to follow through with this trial, just confirmed in the 10k on 1/12/24 )= odds are the lender thinks this trial has the juice to win, whereas they get paid too!.
Also can add in more value of other assets , client database and the rest licenses they hold and tech and $13-$20 could be the buyout value = $200 or $300million buyout offer on the higher end
Following the Trial here : EBET, Inc. v. Aspire Global International Limited et al
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 $6.67 settlement valuation with $70mil plus damages($100mil using low estimate)= $6.67 a share based on their
14,979,642 shares Outstanding
Even is you subtract what they owe to the lender initial borrow of $30m there is still $70m value debt free = $4.67 a share(to which the lender just approved more
$$ to them to follow through with this trial, just confirmed in the 10k on 1/12/24 )= odds are the lender thinks this trial has the juice to win, whereas they get paid too!.
Also can add in more value of other assets , client database and the rest licenses they hold and tech and $13-$20 could be the buyout value = $200 or $300million buyout offer on the higher end
Following the Trial here : EBET, Inc. v. Aspire Global International Limited et al
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 Trial: Checking these Dockets daily for when Discovery hits , then it gets real , so far we now have discovery plan mentioned #40 and now Lead Trial Attorney assigned #45 , that's what's up.
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 only has 14,979,642 shares outstanding as of today 01/19/2024 ,almost 4 months from when they split back on Oct 2 2023 and hasn't changed .As they are premium level OTCQB we get updates everyday! And yes always keep an eye on the numbers for sure on all these stocks out there!So fresh off the Nasdaq we rank as best of the best OTCQB in my opinion fully disclosure which = MERIT
Unlike most low level otc/pink where you have to wait months for a real update
https://www.otcmarkets.com/stock/EBET/security
There is/has been no more dilution as same outstanding from Oct 2 when they had to split .Also they spent all their preferred way up between $2-$3 so nothing left to convert as they cleaned that up first to be more attractive in a buyout.
EBET is going after the big money $70million plus damages or buyout, if they wanted to dilute they would have been all along , they know this is way more money going to Trial now.
This is Houlihan Lokey at their best advising EBET , Conclusion: They have advised EBET to go to trial for $70m+ , and thus possibly forcing a buyout knowing very well the lead company they are up against has the money to pay up , or just scoop them right up .
HL is a big adviser and to even go to trial and get a big attorney like they just added in docket filing #45 shows a lot.
Yes and Aristocrat paid $1.2B for them , to Buy EBET for just $300m for example do the math = $20 a share , even just that $70mil = $4.66 a share on the low end and settlement amounts. Either way this is too oversold and undervalued so I see much higher prices coming with all that's going on .
Assets , client database, technology , EBET has patents et... I see either they buy them out or pay up $70million plus damages .
$EBET If Acquired before trial finishes it could happen at any time as $NGMS was acquired back on 5/14/23 by Aristocrat Leisure over a weekend here on a Sunday
https://ir.neogames.com/news-releases/news-release-details/neogames-enters-definitive-agreement-be-acquired-aristocrat-2950
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 .1291x.1437 close to Discovery being received as Lead Trial Attorney picked Docket Filing #45 shows they got the big guns Attorney now
https://unicourt.com/case/pc-db5-casegu28c865ea6042-1694163?init_S=ch_ltst
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
Because by the time everyone figures this out we won't be this cheap, when you SEE more CHATTER and WRITEUPS = EBET is going to be way higher , we have yet to get into the juiciest part of the trial = Discovery is on the heels of being received.
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 Steps to $70m Plus Damages Win in Trial = motions & lawyers are picked(done) , discovery next then settlement or buyout or full on trial fun , right ups exposure galore coming because this is Big Gaming Industry = Big $$ following ready to dive in at any moment= ON BLOCK WATCH (always but more so now with these new developments)
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 basing here a while , see if a move to .25 base range comes next . Shoot right on past better . Big $$ finding out what's going on . Been under the radar in filings as we are procceding to trial and we haven't even gotten a press release from them (yet) .Better this way anyways.
EBET DD: Suing a $26B Company For $70m+ (Settlement or buyout could hit at any time)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
EBET premarket activity and bid up so early , out of the ordinary , perhaps big $$ finding out about the $70m+ suit and New Lead Trial Attorney Addition confirming this is really going forward now.
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 premarket activity and bid up so early , out of the ordinary , perhaps big $$ finding out about the $70m+ suit and New Lead Trial Attorney Addition confirming this is really going forward now.
EBET and how big is this new trial attorney? Lead trial counsel for Britney Spears is on his experience list here among the rest, big wow! , filed yesterday on board EBET now. Top settlement if not bought out , odds just went way up for $EBET
https://www.sidley.com/en/people/h/hummel-chad-s <---- search for Britney
EBET New docket filing #46, looks like EBET just added a big guns Trial attorney here by the name of Chad S Hummel to lead by the looks of his experience , Big moves by EBET https://www.sidley.com/en/people/h/hummel-chad-s
EBET "The Big Connection is here" - suing Aspire Global for $70million plus damages
NeoGames has since acquired Aspire Global back on June of 2022
https://neogames.com/neogames-completes-tender-offer-of-aspire-global/
Aristocrat Leisure is acquiring NeoGames which was announced in May 2023 here for $1.2B
https://ir.aristocrat.com/static-files/4c674973-f511-49f1-a67c-3f38e1a4ab2d
Thus, Aristocrat Leisure is the $26Billion dollar company that EBET is suing
They are cash strapped and growing fast , acquiring , doing mega Billion $$ in buybacks right now they have so much $$
EBET DD: Suing a $26B Company For $70m+ (Settlement or buyout could hit at any time)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
Best site found to follow the trial here: EBET, Inc. v. Aspire Global International Limited et al https://unicourt.com/case/pc-db5-casegu28c865ea6042-1694163?init_S=ch_ltst
Docket filing #40 hints to Discovery is getting close and things could really heat up when that happens
Current wrap up here , will update as new info comes out! With more organized DD wrap ups!
EBET "The Big Connection is here" - suing Aspire Global for $70million plus damages
NeoGames has since acquired Aspire Global back on June of 2022
https://neogames.com/neogames-completes-tender-offer-of-aspire-global/
Aristocrat Leisure is acquiring NeoGames which was announced in May 2023 here for $1.2B
https://ir.aristocrat.com/static-files/4c674973-f511-49f1-a67c-3f38e1a4ab2d
Thus, Aristocrat Leisure is the $26Billion dollar company that EBET is suing
They are cash strapped and growing fast , acquiring , doing mega Billion $$ 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