News Focus
News Focus
icon url

rstar

03/09/23 8:48 PM

#36 RE: rstar #35

50m shares if market also values at 25m = .50

The transaction was valued by management at $25,000,000; however, management will retain an independent valuation service to review the transaction, fix a value for the assets acquired and determine the proper allocation of the acquisition consideration to the total assets acquired. It is anticipated that this valuation and allocation will be part of the pending audit. The initial acquisition value is based on the arm’s length negotiated price of the prior, failed acquisition of the CareClix Companies in September 2021 andmanagement’s best estimate of that value, based on the financial resultsthrough December 31, 2022, and the expected results for the next three years.