Aug. 18 at 1:57 PM
$GAMB people do realize the only reason they had loss is due to a write up in earnout costs from the oddsjam and opticOdds acquisitions. This means both these acquisitions were good acquisitions which are performing better than expected…for those that don’t know what a earnout is, it’s whenever you buy a company you say for instance I’ll pay
$10 million but if it grows at let’s say at 30% over the next couple years I’ll pay another
$5MILLION as that means the transition went better than or at least the very least as good as expected. It’s way to minimize risk to buyer while aligning past owners with a successful transition with new company. So GAMB had to recognize additional costs/liability because transition went better than expected. Isn’t this the best possible sign for these transactions? As an owner that’s a great sign. The market will do its due diligence and realize this fairly fast.
