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Bullboard - Stock Discussion Forum Fantasy Aces Daily Fantasy Sports Corp FASDF

Fantasy Aces Daily Fantasy Sports Corp is engaged in the daily fantasy sports games. It offers players the ability to play fantasy sports in a variety of sports including NFL, NBA, NHL and PGA. The company operates in the United States.

GREY:FASDF - Post Discussion

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Post by icky8 on Jan 26, 2017 4:36pm

25%

Tom Frisina now owns a total of debentures in the principal amount of $167,200, 5,837,000 common shares 4,345,378 convertible limited partnership units and 734,400 warrants, representing approximately 12.1 per cent of the issued and outstanding voting securities of the corporation on a non-diluted basis and 25.2 per cent of the issued and outstanding securities of the corporation, assuming conversion of the debentures, the convertible limited partnership units and exercise of the warrants held by Tom Frisina. The units were acquired for investment purposes and Tom Frisina may increase or decrease his beneficial ownership or control depending on market or other conditions. A copy of the early warning report may be found on SEDAR. © 2017 Canjex Publishing Ltd. All rights reserved.


I hope we have a very good offer on the table for Mr Frisina to accept on our behalves,but somehow I doubt it.I really thought that this Venture Exchange stock was going to be different than all of the mining stocks with a moose pasture and no revenues.We have revenues and I thought we weren't far from making a profit.Hopefully Fantasy Draft recognized this and paid a big fat premium.Good luck 
Comment by Smiles48 on Jan 26, 2017 5:02pm
Don't wait for an offer! the deal is done, the shop is closed, everybody is gone. Sorry to say but the company that just bought the rights have lawyers and accountants that have scrutenized this before buying.  They know that FAS was in a really dire financial situation, So Why would they offer more than what it was trading for on the market? It really does'nt matter what Tom bought ...more  
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