Yuengling's Ice Cream Corp (YCRM)

[SF971]

ReachOut just closed an acquisition of a $1.7 M revenue MSP for $121k cash and 750k Preferred shares at $1 with a 1 year lock-up.

$1.7 M (TTM) top-line revenue and ~$350k net income added to the books as of Q2.

Mr. Rick Jordan is using “shares as currency” to fund ReachOut’s acquisitions.

Acquired companies are taking less cash upfront in exchange for Preferred shares to cash in a year at a higher share price.

This is a very shareholder-friendly deal for (current) investors IMO.