Sk telecom invested 6 million into Frankly chat about 1 year ago. Spy is creating an ephemeral coupon with Frankly. What if SK telecom has been buying Spy through Beacon? Say they accumulated 2.8 million shares for an average price of 40 cents(last pp price). If they decide to invest 6 million into Spy say for 2 million shares that would give us a valuation of 90 million and a $3 sp. The average sp that SK telecom would have would be $1.48.
Any thoughts?