EBET Inc (EBET)

[CoinOp]

Doesn't matter at this point with the money EBET may be getting from this Trial settlement (or buyout), but anyways EBET has a $30mil loan which most recently they did a drawdown (got money for the Trial and operating expenses ) and as you recall when they bought Aspire Global it was done in part cash : They paid $75.9 Million for this crock of shit Aspire Global, $58.3 Million in cash the rest was preferred stock and remember they converted that part already and those investors got repaid that way which left 0 preferred to worry about, more importantly perfect! That leaves the Loan which is most likely part of the $11.7M note which in the last 2+ years was paid off some and then drew on as we saw recently for the Trial and all.
https://www.prnewswire.com/news-releases/esports-technologies-announces-definitive-agreement-for-the-acquisition-of-aspire-globals-b2c-business-that-recorded-1-8-billion-in-wagering-and-73-9-million-in-revenue-in-the-previous-12-months-301389514.html

So it is basically that , they have $30m loan which they drawdown on , and most recently they did stating for general operating and for the Trial to go forward.

Lender agreed to give them the money is a major plus , as I believe they think they have a strong case and thus they will get that loan repaid from it!


Settlement/buyout = loan paid back easy or absorbed into the buyer and they clear it up like that.

📢 📢 EBET DD: Suing a $28B! Company For $70Million Plus Damages (over 2 years worth of damages at that may very well surpass the $70mil 5x(Settlement or buyout could hit at any time!)
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