DataXu - Yume - settlement2 Aug 2018 12:38
Regarding the issue over DataXu court and Yume's settlement..
Annual Report:
Pg 63 - which is what Brassneck was referring to:
"YuMe, Inc.
On 2 February 2018, the Group acquired 100% of the issued and outstanding shares of YuMe, Inc. (YuMe), a Redwood City, California based company for a consideration of $163.4 million which consisted of $61.6m in cash consideration and 26,048,596 of RhythmOne’s common shares issued with a value of $100.9m and $0.9m due to the settlement of a pre-existing relationship"
and
Pg 79.. Note 29 Exceptional Items from continuing operations... which is what I and JonC were referring to...
"The acquisition related costs primarily relate to the acquisition of YuMe, RadiumOne and Perk Inc. The exceptional costs primarily relate to restructuring changes, onerous lease provisions, severance charges and a payment related to a commercial litigation settlement."
Litigation Settlement 976k
The 2 are different...
The 1st refers to "$0.9m due to settlement of a pre-existing relationship
The 2nd refers to "commercial litigation settlement"...litigation $976k..
The figures for both are different, the former is "$0.9m", the 2nd "$0.976m".
The 1st paragraph mentions other figures with more than 1 decimal place, so it doesn't make sense to mention only the settlement using 1 decimal place...
why would they truncate a legal figure??? where's the mention of the remaining $76k.. they can't just ignore $76k in legal accounts...
I think the $976k refers to the DataXu court settlement, especially as the court conclusion was 28th March, 3 days before yr end...
unless someone can prove otherwise...
http://investor.rhythmone.com/assets/pdf/R1_Annual_Report_FY18.pdf
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