The concept of derivative acquisition purchasing is for a sophisticated portfolio investor, who is betting on a long term value of the Company, not a point in time which locked in a lower price point. Tax implications and all.
The purchase was via preferred shares. Not cash. The intention is for the dollar equivalent to be a start point, best for the shareholder.
Keep in mind, the net purchase price was a -12 month audited net profit x4 .
Keep that in mind shareholders. Net profit without any capital infusion purchased the asset for the shareholders. The Founder believed in the future outlook and took his majority ownership in preferred shares.
Mitigating circumstances occurred and almost cleared with CE coming down . DBMM ready to fly. No wonder LTIs like the management and the outlook.
Exciting times ahead.
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