|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||0.4090 - 0.4210|
|52 Week Range||0.3400 - 2.5000|
|Beta (5Y Monthly)||-8.18|
|PE Ratio (TTM)||0.55|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Frankly Inc. ("Frankly") (TSX-V: TLK) (OTCQX: FRNKF) today announced that it intends to conduct a non-brokered private placement offering (the "Offering") of units ("Units"), with each Unit comprised of $1,000 aggregate principal amount of unsecured subordinated convertible debentures (collectively, the "Debentures") and one‑half of one common share purchase warrant (collectively, the "Warrants"), for aggregate gross proceeds to Frankly of a minimum of $2.5 million. Frankly intends to use the proceeds from the Offering (net of any professional service fees and finder's fees, if any) to provide a loan to Torque Esports Corp. ("Torque") or a subsidiary thereof (the "Torque Loan"). Frankly may pay a finder's fee to arm's length finders in connection with the Offering of no more than 6% of the aggregate subscription amount raised through subscribers introduced to Frankly by such finder(s), provided that no finder's fees will be paid in respect of any subscriptions made by existing shareholders of Frankly, or to any insider of Frankly, or that is otherwise prohibited by law.
Frankly Inc. ("Frankly") (TSX-V: TLK) (OTCQX: FRNKF), announces that its Frankly Media subsidiary ("Frankly Media") has entered an agreement with an arm's length lender, EB Acquisition Company, LLC (the "Lender"), whereby the Lender has agreed, subject to the terms and conditions thereof, to provide Frankly Media with a revolving term line of credit in the principal amount of up to US$5 million (the "Loan"). In connection with entering into the Loan, Frankly Media has drawn US$4 million under the Loan under an initial advance. Subsequent advances may be made, subject to customary conditions precedent to be satisfied by Frankly Media or waived by the Lender.
Frankly Inc. (TSX-V: TLK) (OTCQX: FRNKF) ("Frankly"), a multi-platform engagement, monetization and data company, reported financial results for the third quarter and nine months ended September 30, 2019. All financial statements have been prepared in accordance with U.S. Generally Accepted Accounting Principles ("U.S. GAAP").
Torque Esports Corp. (TSX-V: GAME) (OTCQB: MLLLD) ("Torque", formerly Millennial Esports Corp.), Frankly Inc. ("Frankly") (TSX-V: TLK) (OTCQX: FRNKF), and WinView, Inc. ("WinView") today announced that the three companies have agreed to combine to form an integrated news, gaming, sports and esports platform. The combined company, to be called Engine Media Holdings, Inc. ("ENGINE"), [Esports, News, Gaming, Interactive Network, Engagement], will be co-led by Torque Esports CEO Darren Cox and Frankly CEO Lou Schwartz. WinView Executive Chairman Tom Rogers, who also serves as Chairman of Frankly, will serve as Executive Chairman of ENGINE.
NEW YORK, Aug. 29, 2019 /PRNewswire/ -- Frankly Inc. (TLK.V) (OTCQX:FRNKF) (Frankly), a multi-platform engagement, monetization and data company, reported financial results for the second quarter and six months ended June 30, 2019. All financial statements have been prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP). The sequential increase in revenue was due to approximately $526,000 revenue generated from the acquisition of AMP on May 10, 2019 as well as a $1.0 million increase in advertising revenue primarily due to the signing of a large national advertising client at the end of the first quarter of 2019.