A cashflow positive acquisition with no dilutionary effect: "...no additional Latin Gold shares are required to be issued other than the shares previously announced to acquire the mig33 group of companies."
Alivenotdead.com is a major Asian artist and entertainment management group with a reach of over 1800 artists. So one thrust of mig33's route to acquiring active users (celebrity fan-bases in emerging markets) and monetising its social network becomes clearer.
"...alivenotdead.com has already commenced the transition of its client base to the mig33 platform for chats, contests and other fan interaction activities, with very positive early results. As the transition accelerates it will create additional promotional opportunities for the existing alivenotdead.com artist base into a number of mig33's key South Asian strongholds."
LAT Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
