Adrabbit Ltd V.RABI

This News is Way Over My Head?

[Toppick9]

Can anyone explain this news release in simpler terms please.

[Loony]

Israeli Sanolla is buying  Israeli AdRabbit. Keeping the a.i. in Israel. GL.

[Toppick9]

How will affects us shareholders? Are we getting new shares a buyout etc? Is this a good thing because that NR was to much for me comprehend. I can admit it lol 

[Loony]

Getting new Sanolla shares perhaps?;) Let's see.

[Loony]

NR sounds positive. The HOA outlines the indicative commercial terms and conditions of a proposed business combination between the Company and Sanolla, which would result in a reverse takeover of the Company by Sanolla and its shareholders (the "Proposed Transaction").

[Loony]

Sanolla can afford MUCH more than this... Mkt cap 2.80M GLTA,

[Loony]

2.15M USD!

[Akariboto]

This has always been their endgame. They know their advertising business is not viable so they will wind everything down by allowing themselves to be taken over by another company. They will protect themselves by repricing stock options and warrants while shareholders take the fall. Existing RABI shareholders will only own 5% of the resulting issuer. This deal had probably been in the works before