Post by
SuperMoney on Jan 27, 2017 5:25am
Possible scenarios
Given FatancyDraft has bought FAS (please see https://www.fantasyaces.com ), I think we may have three possible scenarios: 1. Our shareholders get cash payment from FantacyDraft based on the number of shares we own while all FAS shares will disappear from our accounts; 2. We get part of cash payment from FatancyDraft based on the number of shares and meanwhile we continue to trade FAS shares under FAS shell company; (3) FantacyDraft offers higher prices to acquire +51% common shares from our shareholders.
Any comments or any other possible scenario please. Thanks. Cheers.
Comment by
SuperMoney on Jan 27, 2017 6:15am
Quote from FAS website www.fantasyaces.com: "We're excited about this opportunity, and think that you will be too" If The deal is bad from FatansyDraft, why is FAS excited about this opportunity, and think that we will be too? Any comments on this statement from FAS. Thanks. Cheers.
Comment by
Smiles48 on Jan 27, 2017 8:36am
I would invite to read that again. Is tthat encouraging phrase directed at the fantasy sport players or shareholders???? Big difference between the two!
Comment by
Geckom24 on Jan 27, 2017 8:46am
I would say the message on there is definately directed towards the players and not the SH. We got our seperate NR and will have another one next week. I do like the way they worded we have come to an agreement to be acquired by fantasy draft. So much speculation ahahah
Comment by
lscfa on Jan 27, 2017 9:24am
It's an asset sale so FAS continues as a co. with a big wad of cash....mgmt probably deciding if they will wind down co. and pay out cash to shareholders or does FAS look for new business and take advantage of tax loss carryforwards.....
Comment by
pennylane101 on Jan 27, 2017 9:30am
If it's a change of business, they should have got shareholder approval. I think some regulations have been violated.