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Bullboard - Stock Discussion Forum Seven Aces Limited - Ordinary Shares ACEXF

Consumer Cyclical Leisure
Seven Aces Ltd is a gaming company with a vision of building a diversified portfolio of gaming operations. The corporation looks to enhance shareholder value by growing organically and through acquisitions. Currently, the corporation is the route operator of skill-based gaming machines in the State of Georgia, United States of America.

GREY:ACEXF - Post Discussion

Seven Aces Limited - Ordinary Shares > News to chew on...
View:
Post by 1969Enigma on Feb 28, 2017 9:55am

News to chew on...

Quantum International Income Corp. Completes the Sale of Surgery Center Asset.

https://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20170228:nFSCCvmfK
Comment by Wonderwon on Mar 01, 2017 9:38am
Am I reading this correct - they closed the sale but did not receive any cash to date?
Comment by lscfa on Mar 01, 2017 9:42am
......wrong, closing a deal means the $3 million US cash was received.
Comment by Wonderwon on Mar 01, 2017 11:30am
If they closed the deal and received the cash why are there two options as consideration?  Can they not confirm which option they received? "As consideration, the company shall receive an aggregate of $3-million (U.S.) in either (i) cash or (ii) $2.4-million (U.S.) in cash and $600,000 (U.S.) in promissory notes (bearing an interest rate of 6.5 per cent per annum to be paid in monthly ...more  
Seven Aces Limited - Ordinary Shares