Fantasy Aces Daily Fantasy Sports Corp FASDF

Agreement with Fantasy Draft

[LongTbuffet]

ALISO VIEJO, CALIFORNIA--(Marketwired - Jan. 26, 2017) - Fantasy Aces Daily Fantasy Sports Corp, (TSX VENTURE:FAS)(OTCQB:FASDF) the ("Company"), a Daily Fantasy Sport (DFS) enterprise with operations in Southern California, announces today that it has entered into an agreement with Fantasy Draft LLC (www.fantasydraft.com) to purchase certain assets of Fantasy Aces including the Fantasy Aces player base and their respective account balances. As the new home for Fantasy Aces players, FantasyDraft offers an elite platform, first class customer support and a full range of contest offerings consistent with those that Fantasy Aces has been noted for within the Daily Fantasy Sports industry. The Company also announces that Robert Gates and Thomas Cipolla have resigned as directors of the Company, as has Michael Olsen, Chief Financial Officer of the Company. The Company's shares had been halted on the TSX Venture Exchange. The shares will remain halted in accordance with TSX Venture Exchange policies. Another announcement is forthcoming in the next few days. Sincerely, Fantasy Aces Daily Fantasy Sports Corp. Fantasy Aces Daily Fantasy Sports Corp. 949.540.6754 Read more at https://www.stockhouse.com/news/press-releases/2017/01/26/fantasy-aces-daily-fantasy-sports-corp-provides-corporate-update#EeqxfYBIyXvRKAZH.99

[Geckom24]

Finally an update! Hopefully we will see by the end of the week what we are looking at in detail. Guess they brought in gates to hammer out a deal on there behalf.

[Smiles48]

Nope, it will not be this week, read the news, it says next few days, so it will be next week at best. Don't know about you, but I see a big red flag! It feels like drastic measures, they just hired a guy and a few days later he's fired along with the others, sorry but this does not bode well.

[Floridas2000]

Agreed.  I don't know what they're doing but they just sold their player base and account balances.  We don't know how much they sell it for but how will Fantasy Aces continue with no player base is what I want to know.   Unless they get incredibly creative and use this as a way for fantasy draft to become a public company.  So no more Fantasy Aces, it becomes

[Smiles48]

As I mentioned before, the strongest Q just went by and no announcement of a record day. Somehow the board had voted to bring the new guy in, at the same time Tom saw the Q4 results and said to himself enough is enough, so he strenghtened his share position and took action, everybody out! So now they are almost left with the orinal 2, him and his brother as VP. My feeling is they will make it a

[pennylane101]

The news release states that they sold some of their assets and yet all of their assets are tied to the accounts which they've sold.  Is this a non-arms length transaction?  I wonder.  Such BS!