Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

HK Type 4 license through Ballingal Investment Advisors Ltd. 

I'm a highly experienced sell-side analyst with in excess of 22 years of covering Asia Pacific equities, the past 19 years immersed in event strategies encompassing M&A risk arbitrage, directional long/short, stub trades and restructuring.  

My background also includes accountancy (liquidation/bankruptcy/receivership) earlier in my career and as a chief financial officer of a global commodity company based in the US and Mexico.

Pan-Asia Catalysts/Events

PointsBet (PBH AU): Either Betr Pulls A Rabbit Out Of The Hat, Or Walks

PointsBet (PBH AU): Mixi Bumps and Declares Offer Unconditional

PointsBet (PBH AU): Mixi Bumps, Again, And Declares Terms Final

PointsBet (PBH AU) [Further] Backs MIXI's Offer, Rejects Betr's

PointsBet (PBH AU): Betr's "Superior Offer"? In An Alternate Reality

PointsBet (PBH AU): MIXI Bumps To A$1.20. Betr's DD Continues

Quiddity Advisors

Event-Driven

<ul>
<li>Back on the 20th June, <a href="https://www.smartkarma.com/entities/betr-entertainment-limited" target="_blank" data-smartkarma-citation="entities:41181:1" rel="noopener">betr (BBT AU)</a> tabled an all-scrip off-market Offer for <a href="https://www.smartkarma.com/entities/pointsbet-holdings-ltd" target="_blank" data-smartkarma-citation="entities:29102:1" rel="noopener">PointsBet (PBH AU)</a>, with no minimum acceptance condition, which they considered superior to <a href="https://www.smartkarma.com/entities/mixi-inc" target="_blank" data-smartkarma-citation="entities:602:1" rel="noopener">MIXI (2121 JP)</a>'s.</li>
<li>Which was a bold statement, as 3.81 new betr shares, at the time, was equivalent to A$1.143/share versus MIXI's A$1.20/share all-cash Offer. It's now worth A$1.03/share. </li>
<li>
Last night, betr released its Bidder's Statement. Terms are unchanged.  Offer opens ~31st July. PointsBet was quick to point out, again, the current (low) value of the scrip terms.</li>
</ul>


Back on the 20th June, betr (BBT AU) tabled an all-scrip off-market Offer for PointsBet (PBH AU), with no minimum acceptance condition, which they considered superior to MIXI (2121 JP)'s.
Which was a bold statement, as 3.81 new betr shares, at the time, was equivalent to A$1.143/share versus MIXI's A$1.20/share all-cash Offer. It's now worth A$1.03/share. 

Last night, betr released its Bidder's Statement. Terms are unchanged.  Offer opens ~31st July. PointsBet was quick to point out, again, the current (low) value of the scrip terms.


PointsBet (PBH AU): Betr Firms "Superior Offer". Expect The Board To Reject. Again

PointsBet Holdings

PointsBet (PBH AU): Betr Firms "Superior Offer". Expect The Board To Reject. Again