FUBO does own PLFX as a subsidiary company... so PLFX was owned by FBNK who is now owned by FUBO 100%. FBNK is no longer a company as it was combined with FUBO 100%. So FUBO still owns PLFX (from what I know) at about 55% - 70+%. I read a statement a while back that stated FBNK owned PLFX roughly 55%. Then I read a statement shortly after that mentioned 70+%... not sure the exact number. The statements are around the time of the FBNK FUBO merger.
I’m thinking if they did buy out PLFX 100% and buy out everyone’s public shares, they would either have to buy them at a much lower price than @ 1.38 per share as Textor mentioned early 2019, OR... they would have to (very quietly - not sure how that would work) offer to buy out everyone’s shares at the 1.38 previously stated. The thing is is if they did it “quietly” those who knew about it would buy as many shares as possible driving the price up automatically. But the question to really ask as one of you already has... do they really need to buy it out? We’ll see as time will tell but I can’t see them never buying out PLFX from a financial standpoint. It makes no sense for them to keep this ticker around for a few thousand bucks every year on the pink sheets while generating zero cash. The technology of PLFX is what’s valuable.
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