Post by
MrHamilton1965 on Nov 21, 2020 8:52am
Update on ALLINSPORTS
TORONTO, Nov. 20, 2020 /CNW/ -- Engine Media Holdings, Inc. ("Engine" or the "Company"; TSX-V: GAME; OTCQB: MLLLF), announces that further to the Company's press release of September 28, 2020, the Company has advised the shareholders of Allinsports that the conditions of closing under the share purchase agreement amongst the parties have not been satisfied, including that the audited financial statements of Allinsports have not been delivered within the time period required under the share purchase agreement. In response, the shareholders of Allinsports have commenced arbitration in Ontario seeking, among other things, to force the Company to complete the acquisition of Allinsports without the audited financial statements, and to issue 966,667 common shares of the Company to those shareholders. The Company will defend itself vigorously in this proceeding.
More here: https://www.newswire.ca/news-releases/engine-media-update-on-allinsports-892357472.html
Comment by
jwillis99 on Nov 21, 2020 11:39am
Sounds like this arbitration is very much in engines favor, but time will tell, not too worried about it.
Comment by
Commoncents on Nov 22, 2020 10:17am
I have no doubt things are going to be worthwhile For us shareholders. I may add more at these levels but we will see.
Comment by
jwillis99 on Nov 23, 2020 7:40am
Yes, will be watching this to average down, if I get the chance, would be great to get my average down to 6.60.