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Post# of 145751
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Awigo

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Awigo

Re: None

Monday, 03/02/2020 9:56:01 AM

Monday, March 02, 2020 9:56:01 AM

Post# of 145751
Why did GFive complain about the bidding process? Easy peasy answer.
It was because they followed the rule, Visolis/Lcy did not.

GFive offered $3.5M upon closing of the contemplated transaction (August 31 2018) + share subscription + earnout
Visolis/Lcy offered $4.34M upon closing + share purchase + royalty

Pwc specifically requested share subscription, not share purchase.

They're in the 6th monitor's report and GFive complaint letter.
Need a link? Highly recommend reading it.

The T&C of the transaction is mostly under NDA/CA, though.
Only the quantum of purchase price was disclosed.
I recommend asking Mica or Luc for the details.

Good things coming for shareholders.
Margin calls coming for shorties.

LOLz

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