As announced on 09 April 2018, PlayUp has agreed to merge with Mission NewEnergy Limited (ASX:MBT) (OTCMKTS:MNELF), subject to the approval of the ASX and NASDAQ and regulatory approval requirements. Upon the completion of the merger it is anticipated that the company's securities will seek to re-comply with both ASX and NASDAQ listing rules resulting in the trading of shares on the NASDAQ stock exchange and the ASX.
Sydney, Australia, May 4, 2018 - (ABN Newswire) - PlayUp Limited (PlayUp) has acquired online wagering operator betting.club, as part of its continued growth strategy. betting.club was acquired from its owners which comprised three of Sydney's leading club organisations - the iconic Mounties Group, Campsie RSL and Club Rivers.
- Further acquisition and growth for PlayUp Limited
- Provides greater distribution for the PlayChip among high volume wagering platform
- Represents a first step towards in venue
- First step towards in venue use of PlayChip for wagering payments and rewards
PlayUp.com will be the world's first wagering platform to use the PlayChip and it will form the foundation to facilitate the decentralisation of the wider PlayUp ecosystem and gaming platforms, allowing sports fans to connect, compete and collect, irrespective of their location. In addition to betting.club, DraftStars, ClassicBet, TopBetta and MadBookie will also shortly incorporate the PlayChip within their payments and rewards systems.
Shares are hard to get. Purchasing 10K at ask lifts the PPS with 25%. I wonder what would happen if 100K (just 10.000$) is purchased with ask slapping : I bet 0.5$ in no time.
This float can be locked before next steps in the merger complete.
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