GREY:LTTGF - Post by User
Comment by
4evergreenon Sep 20, 2018 7:32pm
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Post# 28660244
RE:Bravio deal news? Silent as the grave.
RE:Bravio deal news? Silent as the grave.At this stage they could be finalizing the deal and we likely won't see an announcement until it's done for the usual reasons. Could be the calm before the storm as they say and I wouldn't worry as the date was not firm. Shares getting accumulated at $.05 and up and that could well be the bottom -- I think that's a good sign for those invested. I sense that LOTO will do well either way with what they have in store and the recent PlasmaNet deal should boost things further. Researching more into Bravio; it appears they have a massive customer list and proven markets and it's got me thinking this could be a big winner. Going to look at this further and may have to pick up some more shares on this.
hintonkid wrote: Well, still no news from either company in regard to whether the party's are going to proceed with negotiations on their proposed business arrangement and the RTO. Is it a good sign or a bad one? Investors wait and wonder. But, even if the deal doesn't go through I don't think that it will be the end of the world for Lotto Gopher. Remember that they just closed the PlasmaNet deal so they should start seeing revenues in the not to distant future and there won't be a risk share dilution or a reverse split.
The news report that announced the LOI gave a date of September 14 as the tentative expiry date of the LOI but, it also indicated that the date was not firm and that the date could be extended to allow both party's additional time to do their due diligence. So, taking this into account, the silence could be a good sign in that the party's have agreed to extend the LOI expiry deadline in order to give them both the additional time they require to evaluate the validity of the deal. Until investors hear anything, the companies are silent as the grave.