Apr. 15 at 4:55 PM
$BBIG Muntz you brought up a good point on the space call last night. I will look into this in depth but upon review. I found this information.
$BBIG @BBIGshares
It was an all-cash asset purchase through VVIP Ventures, their joint venture with Icon Publishing. The announced price was up to about
$33.7 million plus assumed liabilities — roughly
$33 million in cash at closing, with some adjustments for deposits, payroll, and inventory.
So if this deal didn’t go through where is the 33 million in cash held by Vinco Ventures? This cash pile should be recoverable? If so this also should be equated into our market cap
$33 million cash
$3 million cash received from
$ORBS =
$36 million market cap minimum due to cash holdings!
