Agoracom Blog

Seriously, There’s Still a 400% Arbitrage Opportunity and it Just Got Less Risky #betterU $BTRU.ca

Posted by AGORACOM-JC at 3:36 PM on Tuesday, April 3rd, 2018

 

Seriously, There’s Still a 400% Arbitrage Opportunity and it Just Got Less Risky

 

Today – that US$100 million mega deal between BetterU Education Corp. (CVE:BTRU, FRA:5OGA, Mkt Cap: C$43M) and Treasure Union Ltd. (TU) is one step closer to completion.

The Chairman of TUCapital, Kenny Ho, has confirmed that TUCapital has executed on the Subscription Agreement as of April 3rd, 2018. The creation of TUCapital was one of the initiatives highlighted in the final definitive agreement.

BetterU’s Chairman, Tony Keenan, is currently in Guangzhou, China with Mr. Ho coordinating the details of the fund transfer – which is expected to be completed in just 2-3 weeks.

The market may still be iffy as the deal was expected to be completed by March. However, it is important to note deals of this size require the approval of banking institutions and regulators – which ultimately impact the timeline.

This lets contrarian investors take advantage of the crowds’ impatience and doubts.

We also want to mention that Treasure Union Ltd. recently completed a US$50 million Series B funding round with Toronto-based Loraxian Inc., a global renewable energy and infrastructure company. . .

This shows us that Treasure Union has – and is deploying – cash.

We expect in 2-3 weeks BetterU will complete the financing.

At the current price – that’s still 400% upside.

Source: https://mailchi.mp/fe9885407a47/seriously-theres-still-a-400-arbitrage-opportunity-and-it-just-got-less-risky?e=4773499894

Tags: , , ,

Comments are closed.