RE:CV Wellness to Acquire a Professional Sports TeamSo you mean they are buying the Miami Padel Team from Ronnie Strasser (a major shareholder of PWR) along with his family's wealth office.
One of the Strassers will be placed on the board (and receive the associated perks)
They get $1.5M in cash.
60M shares at probably $0.03 for another $1.8M
Plus - "as well as the assignment of vendor shareholder loans" Hum?
And all this is an "arms length deal".
Grit Capital and Genevieve will pump this one up and guess what the results will be.
All speculation and just my personal opinion of course but then again the NR is very transparent.
Wait and watch it unfold.
GLTA