RE:RE:SpireEffective March 2, 2018, the Company acquired a 100% interest in Spire Global Strategy Inc. (“Spire”), a private Canadian company. Spire is a provider of the security and logistics services. Pursuant to the Combination the Company issued 7,692,308 common shares with a fair value of $0.65 per share for total consideration of $5,000,000 to the former shareholders of Spire and paid transaction fees of $30,000. The acquisition has been accounted for as a business combination using the acquisition method. The acquisition aligns with the Company’s strategy to build a diversified business in the cannabis industry.
Spire seems to be garbage, until proven otherwise. But already bought and paid for. so its not relevant anymore.
theTransporter wrote: lumbridge wrote: But yeah, didnt spire only make 90k last quarter or something and was bought for 5 million. Is that a bad ROI ? What do potential investors think about that?
Spire is pathetic. Unless we're not understanding the value here and there is a great potential tha that has yet to materialize, I think it was a HORRIBLE purchase.
My rule of thumb is any investment should yield at MINIMUM a 20% annual ROI. Thus $1 million per year revenue is the minimun a $5 million acquisition should generate. We're only getting 7.2% annual ROI here assuming the revenue goes unchanged quarter to quarter.