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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
EBET suing for $70Million+ going to trial new link found here to follow updates
https://dockets.justia.com/docket/nevada/nvdce/2:2023cv01830/165338
Also can follow trial on Pacer here but only free for 14days
https://www.pacermonitor.com/public/case/51295245/EBET,_Inc_v_Aspire_Global_International_Limited_et_al
(Settlement or Buyout could happen at any time)
My EBET DD: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
EBET suing for $70Million+ going to trial new link found here to follow updates
https://dockets.justia.com/docket/nevada/nvdce/2:2023cv01830/165338
Also can follow trial on Pacer here but only free for 14days
https://www.pacermonitor.com/public/case/51295245/EBET,_Inc_v_Aspire_Global_International_Limited_et_al
(Settlement or Buyout could happen at any time)
My EBET DD: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
EBET Institutional investors own 13.17% of the company’s stock, interesting new article from 1/2/24 shows ownership here :
https://www.americanbankingnews.com/2024/01/02/ebet-nasdaqebet-stock-price-down-5.html
Hedge Funds Weigh In On EBET
Several hedge funds and other institutional investors have recently bought and sold shares of EBET. BlackRock Inc. raised its holdings in shares of EBET by 2.8% during the first quarter. BlackRock Inc. now owns 536,115 shares of the company’s stock valued at $3,612,000 after purchasing an additional 14,593 shares during the last quarter. Vanguard Group Inc. raised its stake in EBET by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 483,134 shares of the company’s stock valued at $3,256,000 after buying an additional 22,884 shares during the last quarter. State Street Corp boosted its stake in shares of EBET by 10.1% in the 1st quarter. State Street Corp now owns 151,754 shares of the company’s stock worth $1,023,000 after buying an additional 13,886 shares during the last quarter. Royal Bank of Canada increased its position in shares of EBET by 3,851.5% during the 1st quarter. Royal Bank of Canada now owns 104,320 shares of the company’s stock valued at $704,000 after purchasing an additional 101,680 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of EBET by 13.0% during the 1st quarter. Northern Trust Corp now owns 98,854 shares of the company’s stock valued at $666,000 after buying an additional 11,342 shares in the last quarter. Institutional investors own 13.17% of the company’s stock.
$EBET .144 Higher low today , last time was 60 days ago stayed over this area & 18 days b4 that was over .50 to $2+ , building up nicely as they head to trial for $70m+ or buyout . Lately buyers have been eating up any dips 🐳🐳🐳
https://www.barchart.com/stocks/quotes/EBET/price-history/historical
https://www.otcmarkets.com/stock/EBET/quote
EBET suing a $26b Company :: My DD here : https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
$EBET .144 Higher low today , last time was 60 days ago stayed over this area & 18 days b4 that was over .50 to $2+ , building up nicely as they head to trial for $70m+ or buyout . Lately buyers have been eating up any dips 🐳🐳🐳
https://www.barchart.com/stocks/quotes/EBET/price-history/historical
https://www.otcmarkets.com/stock/EBET/quote
EBET suing a $26b Company :: My DD here : https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
Pretty bold accusations EBET has against them here:
Ebet’s legal challenge stems from its deal to acquire certain B2C assets from Aspire Global in May 2021. According to the documentation, this was to include websites, domains and intellectual property. Aspire also set up a special purpose entity called Karamba Limited for this purpose.
The legal challenge states that Ebet “relied on representations” from Aspire Global for aspects of the deal. Ebet alleges these were presented fraudulently.
“False representations”
Ebet is claiming that Aspire and associated companies “made false representations” in terms of the number of player accounts belonging to Aspire.
These alleged falsities also include expenses and revenues and Aspire’s process to acquire an online gaming licence in Germany.
In terms of the player accounts, Ebet is claiming that Aspire knowingly inflated these in order to get Ebet to agree to the deal.
Ebet also alleges that Aspire knew it would not qualify for an online gaming licence in Germany. This is because it supposedly missed a basic payment as part of the process.
The legal challenge also accuses Aspire Global of having “misrepresented their operating expenses in their audited carve-out financials to induce Ebet to believe it was purchasing a business of top-line annual revenue of approximately €65 million.”
Ebet is accusing Aspire of breaching representations and warranties in the share purchase agreement by providing Ebet with false information.
https://igamingbusiness.com/legal-compliance/legal/ebet-and-btobet-launch-legal-challenges-against-aspire-global/
EBET .14 x .1497 currently suing a $26billion Company for $70mil+ (settlement or buyout I see coming )
My DD on EBET has all info here - https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
Been oversold from $1.50 , buyout potential could be $1+ , I like $5 to $10
EBET huge Gamechanger as court is on heading to trial
Also Chart showing bull flag formation
https://www.barchart.com/stocks/quotes/EBET/technical-chart?plot=CANDLE&volume=total&data=I:120&density=H120&pricesOn=1&asPctChange=0&logscale=0&im=120&indicators=CHKMF(20);STOFA(14,3);SMACD(12,26,9);RSI(14,100)&sym=EBET&grid=1&height=210&studyheight=100
Shares out only 15m and 1 year ago was 17m shares out at price of $17 a share!
EBET suing a $26billion company! $70mil+ coming to them or buyout end result IMO is my bet
Yes I am overly excited and I don't care , you basher types have no clue lol
My DD has connected the dots and best odds this goes well over $1 at least for starters
DD on EBET here: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
This lawsuit is a gamechanger for EBET
EBET .156 now seeing some whale signs today. Blocks seen today on the tape 189,500 and 82,157 ate up that attempt at a shake bringing buys leading sells 3 to 1 at the close.
Haven't seen that big seller that sat at .25 with 500k either lately may have been eaten up now = next attempt at .25 could blow through.
My current DD on EBET going after $26billion Company for $70million plus(unless buyout before trial even ends or gets juicy https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
EBET seeing some whale signs today. Blocks seen today on the tape 189,500 and 82,157 ate up that attempt at a shake bringing buys leading sells 3 to 1 at the close.
Haven't seen that big seller that sat at .25 with 500k either lately may have been eaten up now = next attempt at .25 could blow through.
My current DD on EBET going after $26billion Company for $70million plus(unless buyout before trial even ends or gets juicy https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
EBET (.14 x .1932) at close today ,working on reversal back to circa per $1.00 + land and beyond. Float getting eating up nicely heading off the lows, spread really opening up today out of the ordinary too.
DD here on $70 Million + lawsuit going forward & hints to what's propelling it IMO - https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
EBET (.14 x .1932) at close today ,working on reversal back to circa per $1.00 + land and beyond. Float getting eating up nicely heading off the lows, spread really opening up today out of the ordinary too.
DD here on $70 Million + lawsuit going forward & hints to what's propelling it IMO - https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
Still adding here and yes the reason EBET is starting to move is the court case . Tax loss selling ending this month , today last trading day of the year, may be the last time to buy cheap, we will see.
Don't be surprised if you miss it again , next wave of buying may be heavy.
They are in Court proceeding right ahead to trial (settlement before it progresses to far is a big possibility)
Got my average down some , who would sell at this point with all that $$ possibly coming to EBET or BO??
My current DD - https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
EBET value with a $70m+ settlement(on the low end)= $4.50-$5 a share and up to $9-$10+ a share with a b/o
Just because seeing when Aristocrat Leisure bought out Neogames for $1.2B here just back in May , they paid well above 100% premium prices
https://ir.neogames.com/news-releases/news-release-details/neogames-enters-definitive-agreement-be-acquired-aristocrat-2950
EBET based on 2x the settlement offer of $70m ,so buy out up to $140mil if they go that route possible
Lets see - Aristocrat a $26b Company paid $1.2B to buy NeoGames
$70m - $140m would be just a drop in their bucket to them to just settle or buy them
EBET claims against them are also bad for business for Aristocrat($26b Co) . Here they are and I like it
https://sigma.world/news/btobet-and-ebet-initiate-legal-action-against-aspire-global/
Got to remember EBET is a suing a $26b company because - Aspire Global got acquired by NeoGames who got acquired by Aristocrat Leisure