Friday, May 10, 2024 11:55:47 AM
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.
Mr. Rick Jordan is flying across the country hosting MSP Sellers Dinners to court more MSPs to acquire.
Why would any MSP owner sell their multi-million dollar mature business knowing all this?
Would Mr. Rick Jordan need to assure prospective MSP owners there will not be dilution within the 1 year lock-up period before Nasdaq listing upon selling their business to ReachOut?
If an MSP owner is selling a mature business, they need assurance that noteholders aren't going to dilute and tank the SP. Those Preferred shares in a year+ need to be more valuable than taking an all-cash deal today.
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