Better to wait then sell at current price - From the filing the shareholders have the potential of receiving up to .03 a share if one is willing to wait 18 months for things to work out. That's 15 times the current share price. Even if only a penny is realized, that would be 5 x the current price. At the current price, I don't have much to lose, but waiting provides an opportunity to make some bucks. From the filing:
Once the loan is repaid, any remaining Betbrokers’ securities will be returned to our transfer agent, Colonial Stock Transfer who will act as escrow agent to assist in the sale of Betbrokers’ stock and distribution, if any, to our shareholders. The proceeds from any Betbrokers’ stock sale, after the loan is repaid, will be distributed to our shareholders. At this time, we are uncertain if any proceeds will be available for distribution. Additionally, given the number of shares we have outstanding of 129,849,845, and given effect to a conversion of Series B Preferred resulting in additional 4,622,220 shares, even if the remaining Betbrokers shares are sold for the entire purchase price of $6,800,000 less the $2,100,000 loan repayment, the $4,700,000 to be distributed, less expenses, would result in only $0.03 per share to shareholders. It is unlikely this distribution would occur for some time since the loan must be paid first. Additionally, it is likely there will be additional expenses to pay as part of the liquidation and we cannot predict how Betbrokers’ stock will do from a price standpoint over time.
