|Bid||0.3250 x N/A|
|Ask||0.3600 x N/A|
|Day's Range||0.3250 - 0.3250|
|52 Week Range||0.2300 - 4.1000|
|Beta (5Y Monthly)||-7.04|
|PE Ratio (TTM)||0.45|
|Earnings Date||Aug. 28, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.25|
After the September 30, 2019 financial statements were originally filed on November 29, 2019 , the Company received a final valuation report from its third-party valuation firm concerning its acquisition of the AMP Assets on May 10, 2019 . Such risks include, but are not limited to, risks that the aforementioned transaction may not occur as contemplated or at all.
TORONTO, March 13, 2020 /CNW/ -- Frankly Inc. ("Frankly" or the "Company") (TSX‑V: TLK) (OTCQX: FRNKF) is pleased to announce that it has closed an initial tranche of its previously announced non-brokered private placement of units (the "Units"), at a price of $0.67 per Unit. An aggregate of 1,070,396 Units were sold for aggregate gross proceeds to the Company of $717,165.32. Each Warrant entitles the holder to acquire one Common Share from the Company at a price of $0.90 per Common Share for two years from the date of issuance; provided that, in the event that the volume-weighted average trading price of the Common Shares on the TSX Venture Exchange exceeds $1.35 for a period of five consecutive trading days, the Company may accelerate the expiry of outstanding Warrants.
VANCOUVER , March 11, 2020 /CNW/ - Trading resumes in: Company: Frankly Inc. TSX-Venture Symbol: TLK (All Issues) Resumption (ET): 9:30 AM IIROC can make a decision to impose a temporary suspension (halt) ...
TORONTO , March 10, 2020 /PRNewswire/ -- Torque Esports Corp. (GAME.V) (MLLLF) ("Torque", formerly Millennial Esports Corp.), Frankly Inc. (TLK.V) (FRNKF) ("Frankly"), and WinView, Inc. ("WinView") have entered into a business combination agreement dated March 9, 2020 (the "Business Combination Agreement"), pursuant to which Torque will acquire each of Frankly and WinView (the "Transaction"), which will create an integrated platform dedicated to live esports, news and gaming. WinView Executive Chairman Tom Rogers , who also serves as Chairman of Frankly, will serve as Executive Chairman of ENGINE.
Since the last extension was announced by the parties on February 18, 2020 , Torque has filed its unaudited financial statements for the first quarter ending November 30, 2019 , following which the cease trade order in effect with respect to the trading of Torque's securities was revoked by the applicable securities commissions and the Torque shares recommenced trading on the TSX Venture Exchange on February 28, 2020 . A limited trading period of Torque shares is required with respect to the fairness opinion being obtained by Frankly for the Transaction. It is expected that the definitive agreement for the Transaction will be executed by the parties shortly thereafter.
Following discussions with potential investors in connection with its previously disclosed non-brokered private placement offering of units (see news release dated January 28, 2020 ) (the "Offering"), the Company has revised the terms of the previously announced Offering. The Company intends to conduct the Offering as a sale of units (the "Units"), for gross proceeds to the Company of up to $5,000,000 , at a purchase price of $0.67 per Unit, with each Unit now contemplated to be comprised of one common share in the capital of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant").
Torque, Frankly and Winview expect that the definitive agreement for the Transaction will be entered into shortly after the revocation of the cease trade order. Torque aims to revolutionize esports racing and the racing gaming genre via its industry-leading gaming studio Eden Games which focuses on mobile racing games and its unique motorsport IP, including World's Fastest Gamer (created and managed by wholly-owned subsidiary IDEAS+CARS, Silverstone UK).
TORONTO, Jan. 28, 2020 /CNW/ -- Frankly Inc. ("Frankly") (TSX-V:TLK.V - News) (OTCQX: FRNKF) today announced that it intends to conduct a non-brokered private placement offering (the "Offering") of units ("Units"), with each Unit comprised of $1,000 aggregate principal amount of unsecured subordinated convertible debentures (collectively, the "Debentures") and one‑half of one common share purchase warrant (collectively, the "Warrants"), for aggregate gross proceeds to Frankly of a minimum of $2.5 million. Frankly intends to use the proceeds from the Offering (net of any professional service fees and finder's fees, if any) to provide a loan to Torque Esports Corp. ("Torque") or a subsidiary thereof (the "Torque Loan"). Frankly may pay a finder's fee to arm's length finders in connection with the Offering of no more than 6% of the aggregate subscription amount raised through subscribers introduced to Frankly by such finder(s), provided that no finder's fees will be paid in respect of any subscriptions made by existing shareholders of Frankly, or to any insider of Frankly, or that is otherwise prohibited by law.