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$ANFC .049 Solid Due Diligence, No Brainer..

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Cheeky Member Level  Thursday, 12/07/17 12:08:47 AM
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$ANFC .049 Solid Due Diligence, No Brainer..

Black Ridge Oil & Gas is a growth-oriented oil and gas asset manager.  The Company, as sponsor of Black Ridge Acquisition Corporation (NASDAQ: BRACU), is aggressively seeking to acquire oil and gas assets throughout the major U.S. basins.

Black Ridge Acquisition Corporation is a $138 million special purpose acquisition company (SPAC) focused on identifying a growth oriented merger candidate. 

So here's the SS based upon the $5.182 million raise.

500,000,000 A/S with 479,479,900 O/S as per last Q.

431,819,910 Restricted Shares Purchased by Insiders/Institutions, leaving a 47,659,090 Share Float.

Add in Debt free, No Notes, No Dilution and I say "How sweet is that!!"

From 8-k, $5.182m in Commons Purchased >> Under the Rights Offering the Company’s current shareholders exercised rights to purchase 199,811,421 shares of stock for a total of $2.398 million. Under the Backstop Agreement, the Backstop Purchasers purchased 232,008,489 shares of stock for a total of $2.784 million. Combined, the Company realized total gross proceeds of approximately $5.182 million, reaching its expected goal.
 

$ANFC INVESTORS PRESENTATION

http://ir.stockpr.com/blackridgeoil/presentations

https://seekingalpha.com/filing/3707222

$138,000,000 Raised for BRAC IPO and Up list to NASDAQ, $ANFC owns 22%
 http://www.cbs8.com/story/36629229/black-ridge-oil-gas-inc-announces-closing-of-spac-over-allotment-related-to-initial-public-offering

Huge Names in the Mix, they all Purchased $5.182m in Commons.

The individual backstop purchasers are Lyle Berman, Alice Ann Corporation, William H. Baxter Trustee FBO William H. Baxter Revocable Trust u/a dtd 7/3/96, Robert G. Allison, Frances A. Gonyea, Dorothy J. Hoel, Richard A. Hoel, Neil I. Sell, Farnam Street Special Opportunities Fund I, Benjamin Oehler, Morris & Arlene Goldfarb JTWROS, Sheldon T Fleck ROTH IRA, JL Holdings, Ken DeCubellis, Art Petrie, and Tamela G. Schroll.

 


Everything I say is in my opinion, do your own DD and make your decision wisely! Don't spend more then you can afford to lose!
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