RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Passport acquisition Confirmed with IR that the revenue figures are in USD.
2019 Rev $7m USD
2020 Rev $9-10m USD (estimate)
2021 Rev $12m USD with the addition 16 locations signed with Gateway Casinos in Canada
Under the terms, Passport needs to transfer at least 1.6m worth of assets to Ausa. Passport said their net assets is around $1.9m at the moment.
PP is to act as a cushion, if the money isn't needed, it will be given back to investors as dividends. But most likely it will be used for the acquisition of USCO.
USCO acquisition/merger pending. Negotiations are ongoing.
Ausa intends to acquire USCO through cash and stocks. Either a full buyout or acquiring 51% of the company depending on the price. Anticipated acquisition in 2021.
Once the USCO deal is finalized signaling entry to the US, Ausa intends to uplist to the TSX/Nasdaq.
I'm excited, are you?!