The bull case was quite simple

• At $0.01, EV was only around $14m. 
• Subscription business in the past 2-3 years has improved its LTV by 2-3x through a combo of rising subs, ARPU and retention. 
• New events business only 1yo and bringing in $1-2m revenue. Looking to scale to $10m in medium term
• All metrics were improving, legal stuff was behind them, debt free and finally a clear run at things. 

But the latest announcement with Gainwealth asking the company to purchase back the Beacon Events business complicates things. Very unexpected from my point of view.

It might be good, it might be bad. Better to exit and monitor from the sidelines for now.