Your post doesn't make good business sense. You're saying they bought Apollobets for the customers and not for the business?
Why on earth would they do that. They have given billions of shares to this and all for nothing? They don't even promote the new website on Apollobets and if Apollobets is not a viable business, there was no reason to buy them in the first place.
If you're right, then they're worse businesspeople than I had originally thought. Talk about incompetent management.
Let's face it, the new website launched weeks ago with no news and no proper launch. The LOC was mentioned months ago with no follow through. I don't think any of this panned out and I believe management is too embarrassed to PR this flop.
Now, they're doubling the A/S for which they'll probably have to immediately issue all of it to Apollo to cover the toxic debt. Then Apollo will probably dump the shares straight into the market and drive this to no bid. Then major r/s.
Wait for it folks. All just my opinion. Hope I'm wrong.
The content of my posts are my opinions only.
This is in no way a suggestion to buy or sell any security.
Consult your own financial advisors for investment advice.
