Seven Aces Limited - Ordinary Shares ACEXF

RED FLAG

[tallboy]

Just read the "update" news release found on TMX Money, couple serious red flags in there. 1. As of the date hereof, the Corporation has not secured such Acquisition Financing, and there can be no guarantee that such Acquisition Financing will be obtained. 2. Additionally, the Corporation advises investors that the Georgia Lottery Corporation recently conducted an auction of licenses for Class A and Class B Coin Operated Amusement Machines, which licenses were sold at auction for what the Corporation has been advised are the highest prices on record for such an auction. The Corporation cautions investors that this increased level of interest could pose challenges to the Corporation in completing previously announced acquisitions, as well as sourcing additional acquisitions of digital skill-based gaming terminal operators in Georgia.

[lscfa]

You neglected to mention that the purchase price for these assets is now less cash upfront with an earnout provision. Previously, it was to be all cash upfront. Favourable to co..... 

[Wonderwon]

Not according to this paragraph: "The respective purchase prices for the acquisitions are $4.2-million (U.S.) in respect of the Triple 7s assets and $1.62-million (U.S.) in respect of the Lucky Star assets to be paid in cash on the closing date of the acquisitions, plus an additional one-time payment, which is payable to each of the targets following the closing date if, within six months of