Mathius
07-11-2021, 08:08 PM
There was some bandying about back in 2016 on the price paid for Simu by Stillfront. Well, if this was posted before than forgiveness please. But here are the hard numbers.
Reuters
TUE JUN 21, 2016 / 2:44 AM EDT
BRIEF-Stillfront buys majority stake in Simutronics
(Reuters) - Stillfront Group publ AB :
* Acquires 52.65 pct of outstanding shares of Simutronics
* Closing is scheduled to take place on or before June 30, 2016
* Consideration to be paid at closing in June 2016 will amount to in total $937,661
* Consideration to be paid partly in cash and partly in Stillfront equity
* Cash part will amount to $787,635 and equity part to $150,026
* Earn-out consideration shall not exceed $1,805,400
* Has also invested $0.5 million in Simutronics to accelerate development of its current mobile strategy games
* Investment is structured as a loan on market terms
$1.8 million total payout for Whatley and friends if and only if they hit their yearly targets. I think with the 2020 COVID surge this is a yes.
I would value the company as a whole now at roughly $3 million what with every asset class going fucktarded right now.
But gee golly I thought the company was going to be worth a whole lot more. At a 4x cap rate which is generous for a bajillion year old text based gaming company; the company is probably only doing roughly ~500k in revenue which the lions share is brought in by GemStone IV. I think GemStone by herself is pulling 400k in revenue?
Reuters
TUE JUN 21, 2016 / 2:44 AM EDT
BRIEF-Stillfront buys majority stake in Simutronics
(Reuters) - Stillfront Group publ AB :
* Acquires 52.65 pct of outstanding shares of Simutronics
* Closing is scheduled to take place on or before June 30, 2016
* Consideration to be paid at closing in June 2016 will amount to in total $937,661
* Consideration to be paid partly in cash and partly in Stillfront equity
* Cash part will amount to $787,635 and equity part to $150,026
* Earn-out consideration shall not exceed $1,805,400
* Has also invested $0.5 million in Simutronics to accelerate development of its current mobile strategy games
* Investment is structured as a loan on market terms
$1.8 million total payout for Whatley and friends if and only if they hit their yearly targets. I think with the 2020 COVID surge this is a yes.
I would value the company as a whole now at roughly $3 million what with every asset class going fucktarded right now.
But gee golly I thought the company was going to be worth a whole lot more. At a 4x cap rate which is generous for a bajillion year old text based gaming company; the company is probably only doing roughly ~500k in revenue which the lions share is brought in by GemStone IV. I think GemStone by herself is pulling 400k in revenue?