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EBET Buyout or $70m+ settlement , they are suing a $26B Company . Price increasing may even accelerate any buyout before it becomes too expensive .
Otherwise people are now figuring out what EBET is worth if they get $70m + to bank on
nice wrap up here - https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
Buyout or $70m+ settlement , EBET is suing a $26B Company . Price increasing may even accelerate any buyout before it becomes too expensive .
Otherwise people are now figuring out what EBET is worth if they get $70m + to bank on
nice wrap up here - https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173493360
EBET trying to get $70Million plus Dollars on a lawsuit and going to trial - pacer progress shows it started Nov 7th and is showing updates and moving forward, last updated Dec 21st .
EBET, Inc. v. Aspire Global International Limited et al
https://www.pacermonitor.com/case/51295245/EBET,_Inc_v_Aspire_Global_International_Limited_et_al
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 $26B Company!
Here is Aristocrats list of acquisitions -
https://tracxn.com/d/acquisitions/acquisitions-by-aristocrat-leisure/__lHafxzYnY5-D1Mx2g3LO_DOwrDY2XJhNNRfYYXS2hBI
Here is there $26b company/stock -
https://www.asx.com.au/markets/company/ALL
EBET .055 avail (for now) suing a $26billion Company for $70m+
https://boomaff.com/ebet-and-btobet-co-founders-sue/
https://stockcharts.com/h-sc/ui?s=ebet
as tax loss sells dry + these new events + oversold like a mofo = $higher prices coming
Follow the suit on Pacer here as EBET heads to trial against a $27B market Cap Company!
https://www.pacermonitor.com/case/51295245/EBET,_Inc_v_Aspire_Global_International_Limited_et_al?showRecaptcha=true
Calling for reversal! Mark it !
EBET was trading around $2 before the split and brought it down to .50 then right away delisted brought it down here under .25, all during a very quiet time right into the depth of the pinks. No announcement or anything .silent.
But now silence has broken
#1 - Moved out of the pinks and into a more respectable tier OTCQB
#2 - Suing for $70m+ , suing a $27 Billion Market Cap company here - ARISTOCRAT LEISURE LIMITED https://www.asx.com.au/markets/company/ALL
brings the questions: If EBET gets $70m+ what will they be worth? Or will this huge company just buy them? $70m seems like peanuts to a $27b company.
EBET suing a $27 Billion Dollar Company ! All Hail Houlihan Lokey working their magic now , finally showing us activity!
EBET .07 x .0849 trying to breakout nice bids , suing $26bil Company for $70mil + https://www.otcmarkets.com/stock/EBET/quote
see my previous posts lots of info ....
EBET .0653 x .0849 trying to breakout nice bids , suing $26bil Company for $70mil + https://www.otcmarkets.com/stock/EBET/quote
see my previous posts lots of info ....
Buyout or settlement could happen at any time of course. This lawsuit may stall Aristocrats acquisition with NGMS that started back in May too ,not sure, but EBET in now a thorn in their side , Houlihan Lokey knows what they are doing imo here pulling the strings advising EBET
Keeping an eye on the progress at pacer here and any new filings for new info now
https://www.pacermonitor.com/public/case/51295245/EBET,_Inc_v_Aspire_Global_International_Limited_et_al
Wild this Aristocrat Leisure's 7 acquisitions , they spent over $5.19B for acquisitions! And EBET suing them for $70m+
https://tracxn.com/d/acquisitions/acquisitions-by-aristocrat-leisure/__lHafxzYnY5-D1Mx2g3LO_DOwrDY2XJhNNRfYYXS2hBI
EBET has only 14,979,642 shares out
Heck for $70m they could just buy out EBET for $4.66 a share
$70m divided by $15m = $4.66 a share!
$70mil is just a drop in the bucket to these guys !
that 500k sitting at .20 would just get eating so fast lol
EBET .06 suiing a $26billion Company for $70m+! https://stockcharts.com/h-sc/ui?s=ebet
Multi Upside potential, should be over $2 at least , recently off the Nasdaq and just uplisted out of the pinks to higher tier OTCQB now too https://www.otcmarkets.com/stock/EBET/quote
Here is the company they are suing - https://www.asx.com.au/markets/company/ALL
Here to follow it all on pacer going to trial (possible settle or buyout before trial even ends imo) - https://www.pacermonitor.com/public/case/51295245/EBET,_Inc_v_Aspire_Global_International_Limited_et_al
Possible outcomes = Buyout by this $26b company or pay off settlement $70mil+ or somewhere in between
In a bit higher been adding here but from these levels could be 20x -even 100x higher
https://sigma.world/news/btobet-and-ebet-initiate-legal-action-against-aspire-global/
EBET is under a dime about .06 now! ,they are suing a $26.22 Billion dollar Market Cap Company for $70mil +
Since they are suing ASPIRE GLOBAL who got bought out by NEOGAMES (NGMS) who is being acquired by ARISTOCRAT LEISURE LIMITED which is the $26.22 Billion Market Cap Company as of todays price, they are suing this big company - https://www.asx.com.au/markets/company/ALL
Stems from the deal for $75.9m EBET did with Aspire Global back on 10/1/21 before Aspire Global was acquired by NeoGames and then Aristocrat Leisure now, very interesting claims EBET has against them here-
https://igamingbusiness.com/legal-compliance/legal/ebet-and-btobet-launch-legal-challenges-against-aspire-global/
Just saying - odds are a $26.22 billion market cap company may just either buy EBET up or pay them off quick to shut them up (looks bad for business to let this drag out too long, and articles are popping up more bringing this to light) Aristocrat doesn't want to drop any billions off their market cap with any bad press that's for sure! This drags out too long and more bad press lol!
Pacer link here to follow the lawsuit - https://www.pacermonitor.com/public/case/51295245/EBET,_Inc_v_Aspire_Global_International_Limited_et_al
EBET down only because it had to split and got delisted right after that from about $2 bucks during very quiet time since it didn't meet the minimum bid price to stay on the Nasdaq.
Only about 15mil shares out hasn't even gone up from before the split!
Quiet time is now over = time to climb back to the dollars unless theyget snapped up quick
Better Wrapup and updates to come!
Market Cap worth at least $5mil = .42 a share, EBET with 15mil OS pretty low here . Upside well $2.49 was highs just 3 months ago hard to believe but these markets are so extreme! up and down
Another example say buyout for $25mil = right up to $25m Marketcap which is 5 x .42 = $2.10 a share
Give us that $70mil for a buyout instead of them having to pay EBET is about 3 x that = $6+ a share!
Or until the whale buyers get wind of the new events in EBET and start bidding the big blocks . .20 seems like resistance from level 2 - big block of 500k sitting there . Good to be early , well my avg is a bit higher but got more shares so I am good for now:>
Houlihan Lokey is advising them as we know and so far we got something.
EBET new find as they are suing for $70m + damages a $25.79Billion Market Cap company! Much bigger than I thought was just a $937m Market Cap Company Neogames NGMS
EBET is suing Aspire Global who is Neogames NGMS who is being acquired by ARISTOCRAT LEISURE LIMITED ALL <<__The $25.79B Company
https://www.asx.com.au/markets/company/ALL
Big money may just snap EBET up to shut them up or pay them off my guess !
Here is the link shows who owns or is gonna own Neogames
https://ir.neogames.com/news-releases/news-release-details/neogames-enters-definitive-agreement-be-acquired-aristocrat-2950
EBET suing NGMS (NeoGames) for $70m or more ,which after some research seeing they got $$ being a $937 mil market cap company I thought was big $$
Now I see NGMS is being acquired by ARISTOCRAT LEISURE LIMITED ALL from May 14th 2023!
https://www.asx.com.au/markets/company/ALL
This company is $25.79 B market cap company that EBET is suing!
https://ir.neogames.com/news-releases/news-release-details/neogames-enters-definitive-agreement-be-acquired-aristocrat-2950
They can easily buy them out to shut them up or pay the $70mil +
EBET .052 x .0657 pushing higher as they sue Aspire Global which is a big money company NEOGAMES NMGS for $70m + - Dockets active today following case on Pacer - Down from $2.49 less than 3 months ago! Way Oversold
Possible Neogames buy them out or EBET gets $$ my guess
Here to follow link
https://www.pacermonitor.com/public/case/51295245/EBET,_Inc_v_Aspire_Global_International_Limited_et_al
Here is the EBET / Aspire Global (or NGMS) Dockets for the lawsuit on Pacer -
https://www.pacermonitor.com/public/case/51295245/EBET,_Inc_v_Aspire_Global_International_Limited_et_al
Looks like it started Nov 7th 2023 as it lists the standard procedures registering all the lawyers on both sides so far and standard petitions for Aspire to try to get it dismissed .
Nice that we can watch as it occurs pretty much , next date they show to release more info looks to be set for 12/26/23!
EBET excitement returning . New events got my excitement back! . New events are happening!
If Neogames NGMS wants to buy them out or has to give EBET $70mil and possibly more for damages ect...
Then up we go - That last high of $2.49 will return , which was less than 3 months ago on 9/21/23!
Outstanding Shares Too low only 14,979,642
Buy and holders is all she needs and these new events will get them imo
$EBET under .10 loading zone here ,even .25 , back up to $1-$3 range my bets with them suing for $70mil and more here , people just starting to figure it out still early what this could mean $$ coming to them or buyout imo.
EBET suing NGMS for $70mil is the focus now , This article wraps it up:
December 4, 2023
Legal disputes have erupted in the gaming industry as the co-founders of BtoBet and EBET INC. took a stand against industry leader Aspire Global. These disputes reveal alleged breaches, including overspending, undercharging, and fraudulent activities. The implications are significant as Aspire Global was acquired by NeoGames and is currently being acquired by Aristocrat.
The co-founders of BtoBet, Alessandro Fried and Igor Lestar, have initiated a legal claim against Aspire Global for breaching the Share Purchase Agreement. The dispute revolves around Aspire Global’s acquisition of BtoBet in 2020. The claimants allege that Aspire Global deliberately reduced profits during the Earnout Period, leading to improper reductions in the Earnout Consideration. The current claim is for €36 million, but this amount could increase.
EBET INC. has also filed a lawsuit in Nevada against Aspire Global, AG Communications, and their affiliated entities. The legal action seeks damages of at least €65,000,000 for fraudulent activities and breach of a share purchase agreement. EBET accuses Aspire Global of manipulating records, overstating player data, and failing to maintain necessary operations in Germany.
These legal battles have high stakes for both companies, as the co-founders of BtoBet seek redress for breached payment agreements, and EBET seeks compensation for alleged damages caused by fraudulent conduct and breach of contract. The outcome of these trials will shape the trajectory of these companies and the gaming sector as a whole.
https://boomaff.com/ebet-and-btobet-co-founders-sue/
Filing is pretty new from the DEC 1st filing ! I think this changes the perception in EBET now and that's the ticket! gla
More basically is people will see EBET possibly getting $$$ and the above info
EBET suing NGMS for $70mil is the focus now , found article here looks quite interesting:
December 4, 2023
Legal disputes have erupted in the gaming industry as the co-founders of BtoBet and EBET INC. took a stand against industry leader Aspire Global. These disputes reveal alleged breaches, including overspending, undercharging, and fraudulent activities. The implications are significant as Aspire Global was acquired by NeoGames and is currently being acquired by Aristocrat.
The co-founders of BtoBet, Alessandro Fried and Igor Lestar, have initiated a legal claim against Aspire Global for breaching the Share Purchase Agreement. The dispute revolves around Aspire Global’s acquisition of BtoBet in 2020. The claimants allege that Aspire Global deliberately reduced profits during the Earnout Period, leading to improper reductions in the Earnout Consideration. The current claim is for €36 million, but this amount could increase.
EBET INC. has also filed a lawsuit in Nevada against Aspire Global, AG Communications, and their affiliated entities. The legal action seeks damages of at least €65,000,000 for fraudulent activities and breach of a share purchase agreement. EBET accuses Aspire Global of manipulating records, overstating player data, and failing to maintain necessary operations in Germany.
These legal battles have high stakes for both companies, as the co-founders of BtoBet seek redress for breached payment agreements, and EBET seeks compensation for alleged damages caused by fraudulent conduct and breach of contract. The outcome of these trials will shape the trajectory of these companies and the gaming sector as a whole.
https://boomaff.com/ebet-and-btobet-co-founders-sue/
EBET has filed a lawsuit against (Nasdaq: NGMS) which is a $937 Million dollar market cap company! correct me if I am wrong , but it looks like NGMS had acquired Aspire Global back in June of 2022 - and EBET is suing Aspire Global from the Dec 1 filing here-
https://www.aspireglobal.com/exercise-of-squeeze-out-rights-by-neogames-s-a-in-terms-of-the-articles-of-association-of-aspire-global-p-l-c/
https://www.sec.gov/ix?doc=/Archives/edgar/data/1829966/000168316823008600/ebet_8k.htm
So new twist - How will NGMS respond? Settlement $$ coming to EBET $70mil? Settle for less out of court?
NGMS has the MarketCap of $$$$ to just buy them out!
Perhaps Houlihan Lokey plan is starting to show , sue NGMS (Aspire Global) first steps we are seeing here poking them lol
Also good to see EBET got Uplisted to the OTCQB off the pinks!
$EBET added yet again so low and way oversold now , they recently upgraded out of the pinks to the OTCQB and also filed suit to get their $70mil back from their Acquisition from 2 years ago . Houlihan Lokey is helping them so something is brewing ... $1.25 & $2.50 strike prices are open now.
https://stockcharts.com/h-sc/ui?s=EBET&p=W&b=5&g=0&id=p84354014936
https://www.otcmarkets.com/stock/EBET/security
EBET strike prices of $1.25 and $2.50 become active this week https://www.stockscores.com/charts/charts/?ticker=ebet
News timing for this week is on watch if they are smart to release any they could make a nice run to get them .
https://www.otcmarkets.com/stock/EBET/news
Way oversold and high value in the OTC now fresh off the Nasdaq 1 full month bottom is in for reversal
Value is way higher for example 2 yrs back they bought this for $75.9mil -
https://casinobeats.com/2021/10/08/aaron-speach-esports-tech-aspires-b2c-assets-were-perfect-for-us/
Also short interest really let up now drop from 719,091 down to 242,883 in the last couple weeks
https://www.otcmarkets.com/stock/EBET/quote#short-interest
EBET pushing higher oversold x2 down from recent $1.50 ( $1- $2 )area support https://www.stockscores.com/charts/charts/?ticker=ebet
Recovery starting , just 2 years ago they acquired $75.9m worth of assets! market cap today only about $2mil!
https://casinobeats.com/2021/10/08/aaron-speach-esports-tech-aspires-b2c-assets-were-perfect-for-us/
in 10 days $1.25 and $2.50 strike prices open up as they consider sale merger or some strategic alternative.
EBET under .13 now oversold x2 down from $1.50 https://www.stockscores.com/charts/charts/?ticker=ebet
Been averaging down here call me crazy but too much value here see some recovery , just 2 years ago they acquired $75.9m worth of assets! market cap today only about $2mil!
https://casinobeats.com/2021/10/08/aaron-speach-esports-tech-aspires-b2c-assets-were-perfect-for-us/
We may be inside the V bottom area here will see , they want $1.25 and $2.50 strike prices which become active NOV 16th too
Also on watch as per last press release key words to be on watch for "pursues an uplisting to the OTCQB exchange."
October has been brutal , rs and delist , but the fear is subsiding and sellers have dried , volume lowest today.
Way oversold.
Lol no prob I'm good full of it (DD) lol. Tell ya what ,I won't post any more info here on IHUB about EBET , unless it gets over $1 + then I can come back ok?
EBET : .... Since the lenders agreed to up to $2.50 strike price , does EBET have some info up there sleeves to drop making it spike big at some point to hit those levels?
If so it that something to sell into if it happens ? Or will it run to $10+ right on through it ?
Depends on the news ............
I don't want to bring my target down from $23.10 to $3.00-$7.00 but for now with lender info that's it .
They should start soon with something to get that over $1.00 first followed by something bigger to reach the strikes....
Seems like there next moves..... my best guess from current info ....
Only thing I am pumping is my info about EBET sharing ...
#1 It is for myself to have a storage of my DD to look at and reevaluate as often as needed here at IHUB
#2 To get some feedback , knowing most are just here to day trade , but that's fine too once in a while real info happens lol
I consider myself 50% day trader and 50% position trader
EBET still on a hold and wait for big gains , added at this level the other day and looking for 1 more add for me if it doesn't lift off before I can
How many posts is a pump considered anyways? Oh I see Ben style lol . Well I did appreciate his awareness but it did get to the point of noisy
There , not bored as much eh ,lol
EBET : - I believe we have a convoy , Honk Honk .. $1+ next stop ....
Fyi they will remain listed as they satisfied the under .10 with the rs which was needed . The under $1 they have lots of time now , and I see it over that easy next .. Keep watching EBET , happy trading....
EBET time to head over $1 and get compliant , next added push to propel up from, or fast track right to $2.50?
Liking the volume 21.8 mil and the OS is locked at just 14.9m now. Similar to the last huge volume that ran it to hit $3.36 from a low of .90ish, and that was through preferred dilution to boot . And no preferred exist now as they reported it is all gone now = less resistance this move ....
$EBET :Minimum $2.50+ based on the recently set forth valuation by the lenders $$$$ agreement here set forth on 10/2 (clouded by the rs might I add, people are waking up and seeing it now imo)
https://www.nasdaq.com/market-activity/stocks/ebet/sec-filings
$23.10 Target on my Top Upside guess, now just split adjusted
Basically I see EBET going between $2.50 - $23.10
They are going to want to push it over $1 first and get compliant too soon imo
From all my DD , current wrap up ,gla
$EBET : $23.10 Target on my Top Upside guess, now just split adjusted
Minimum $2.50+ based on the recently set forth valuation by the lenders $$$$ agreement here set forth on 10/2 (clouded by the rs might I add, people are waking up and seeing it now imo)
https://www.nasdaq.com/market-activity/stocks/ebet/sec-filings
Basically I see EBET going between $2.50 - $23.10
$EBET : Perhaps this week we get some progress updates from Houlihan Lokey's help on either Merger , Sale or Strategic alternatives - little over 2 months now since they brought them aboard
" considering a full range of strategic alternatives including a potential merger, sale or other strategic transactions."
https://www.nasdaq.com/press-release/ebet-initiates-review-of-strategic-alternatives-2023-07-26
$EBET : Perhaps this week we get some progress updates from Houlihan Lokey's help on either Merger , Sale or Strategic alternatives - little over 2 months now since they brought them aboard
" considering a full range of strategic alternatives including a potential merger, sale or other strategic transactions."
https://www.nasdaq.com/press-release/ebet-initiates-review-of-strategic-alternatives-2023-07-26
EBET : was at $30 1 year ago , $12.00 6 month ago, more like .495 to $30.00 for a 52 week range , but yes if you include the mega spike to $79.80 , then officially .495 to $79.80 now split adjusted for the 1 yr . You have the presplit low and the post split high in your calculations for some reason......
https://www.barchart.com/stocks/quotes/EBET/price-history/historical
Increased my position in EBET by a bit more than 50% today, added @.515
I bet this goes up a lot faster than it when down from $1.60+ . this is the 6th trading day now from there noted.
The big buyers avg $1.65
The lenders agreed on $1.25 and $2.50
They have Houlihan Lokey in their corner should be closer to something by now
People just got pissed over the rs short term , they will get over it. It had to be done whether for compliance or just cleaned up for the new prospects Houlihan Lokey are working on, perhaps both.
Last low was .813 where it ran up to $3.36 and that was during preferred selling
No preferred left , OS locked at 14.9m , no filings to sell , just those strike prices the lenders agreed upon
Not to mention if they release just some blip of good info , we haven't even seen that yet...
EBET will start announcing the good stuff next , now that the lenders are agreed and all set , and the rs is in the past now , shake out the weak , clear skies ahead
We were solid $1.50 at nickel pre ..and as high as $3.60 . lenders know that they will get paid on up ...
$1.25 then $2.50 as the lenders conversion prices . But they can't for 45 days from the release . EBET may have something good coming if these lenders agreed to this . Whales down 50% need to prop it over $1 then to those prices . Their avg is $1.65 !
https://www.nasdaq.com/press-release/ebet-announces-structural-amendment-and-expansion-of-its-senior-secured-credit
"Amended Credit Agreements may be converted into EBET common shares at CPBF's option at a conversion price of $1.25 per share for the initial $5.0 million of the loan amount and at a conversion price of $2.50 per share for the remainder of the loan amount, provided that CPBF may not convert any portion of the loans into EBET common shares during an initial 45-day lockup or to the extent that, after giving effect to such conversion, CPBF and its affiliates would beneficially own more than 9.99% of the then issued and outstanding EBET common shares."
$EBET : Friday viewing as post split would be Last sale : .948 Volume 12,817,554 (OS 14,900,000)
Day range $.93 to $1.35 & 52 week range = .813 to $79.80
Highest hit after first drop last month would be $3.36 hit on 8/16/23 from the low hit of .813 on 8/8/23