HUNTINGTON, NY / ACCESSWIRE / March 30, 2016 / SeanieMac International (BETS) and Apollo Capital (No relation to ApolloBet UK) have executed a legally binding leek out agreement, which restrict the amount of shares that Apollo Capital can sell in any week to 18.5% of the dollar volume of the prior week.
The agreement specifically restricts shorting and hedging in any way and gives the Company the right to request and review trading records and account statements.
The Company is appreciative of the short term funding by Apollo Capital and especially grateful to our loyal shareholders so we felt this agreement would help allay any concerns of share value we will continue to update shareholders on 2016 developments, which we believe will result in a more favorable market.
Safe Harbor Statement
This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of Seaniemac International, Ltd. and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements regarding our expectations regarding amounts staked and gross profits and our marketing initiatives. Such risks and uncertainties include, among other things, the uncertainty regarding consumer preferences, a decline in the popularity of our website and competition in the online gambling industry. Seaniemac assumes no obligation and does not intend to update these forward-looking statements.
A further description of risks and uncertainties can be found in Seaniemac International, Ltd.’s Annual Report on Form 10-K for the fiscal year ended December 31, 2014 and in its reports on Form 10-Q and Form 8-K.
SOURCE: Seaniemac International, Ltd.