25 May 2016
All you who thought the payoff of 400 million dollars American singer, Soldier Boy got from Poker Fund a while back was a sham, well I’m pleased to tell you that you are right as much as wrong.
In making clear the quite unclear issue, Matthew Bird, the spokesperson of Poker Fund revealed a couple of things in an interview with Forbes, stating that the money in question is in connection with a deal with Soldier Boy.
He told Forbes that “the deal is capped at $400 million, and it’s based on a forward-thinking valuation of the company.
“He’s young, he’s 25 years old. He got really excited, and he tweeted something he probably shouldn’t have tweeted.
“He was getting a lot of pressure from within the entertainment community, so he wanted to put a statement out. Obviously, the company’s market cap is at $51.8 million. There’s no way they could cut a $400 million deal”
There you have it. In some ways, it is 400 million dollars, in another however, it is way less than that sum.
Author: Ekpeki Donald Pen Prince
Ekpeki Chovwe Donald styled the PenPrince is a writer and lawyer in equity. He has an unhealthy interest in wit, pun and poetry. When he’s not writing, he’s reading and when he’s not reading, he’s breathing. He breathes words.