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WOWI, Amazing Merger news: " BEAVERTON, Ore., March

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hondaboost   Tuesday, 03/30/21 05:35:18 PM
Re: mick post# 122
Post # of 175 
WOWI, Amazing Merger news: " BEAVERTON, Ore., March 30, 2021 /PRNewswire/ -- Metro One Telecommunications, Inc. (OTCMKTS: WOWI) ("Company" or "Metro One") announced today that its newly-formed, wholly-owned Israeli subsidiary, Stratford Ltd. ("Subsidiary"), received notification of approval from the Lod District Court in Israel for its winning bid to acquire assets of Royal App Ltd. ("Royal App") out of insolvency proceedings (the "Acquisition") for the equivalent of approximately USD $2.4 million in cash as well as certain equity in the Company.

The Company anticipates that the closing of the Acquisition may occur by mid-April. Prior to its recent insolvency filing, approximately USD $20 million has been invested in Royal App since 2018 with the most significant pre-money valuation totaling approximately USD $48 million. "

Values: $48 million / 6.2 m O/S = $7.7 / share.

O/S, 6.2 m, Tiny!

Symbol Change: 06/21/2016, Symbol change from INFO to WOWI

SECURITY NOTES
New & Secondary Issue=8-96 2,400,000 shs at $8.50 by Black & Company, Inc. et al.

Capital Change=shs increased by 3 for 2 split. Ex-date=7-2-01. Rec date=6-5-01. Pay date=6-29-01

Note = deleted from NASDAQ on 09/19/08

https://www.otcmarkets.com/stock/WOWI/security


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