Assertion Contradicted AI assessment confidence: 88% certainty 4/5 debate potential 1/5

Gertler: ShareRoot slashed agency acquisition price to $130K after uncovering debt

Noah Abelson Gertler · 1341 Reverse merger on australia stock exhange · Mar 27, 2019 · at 12:54

Noah Abelson Gertler details the acquisition terms and price reduction for a Melbourne social media agency.

0:00 / 0:12exact quote · 12.4s

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“We paid about a 130 K U S with additional performance on top. It was supposed to be about 350 K, but there was some debt that was discovered over time.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

The claim, plainly

ShareRoot paid roughly $130,000 USD plus performance earnouts to acquire a Melbourne-based STEM social media marketing agency after uncovering debt that reduced the initial $350,000 price.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

Public ASX disclosures and audited statutory financial statements from ShareRoot Limited (later Opyl Limited) contradict the claim that the acquisition consideration was reduced to approximately $130,000 USD due to uncovered debt. When ShareRoot announced the binding agreement to acquire Melbourne-based The Social Science Pty Ltd in December 2017, the initial terms were AUD $350,000 in cash plus AUD $216,666 in equity (plus earnouts). When the transaction completed in April 2018, ShareRoot's FY2018 and FY2019 audited annual reports recorded total initial consideration of AUD $500,000 (plus up to AUD $333,333 in contingent performance shares), with no record of an adjustment reducing the upfront purchase price to ~$130,000 USD.

ShareRoot Limited ASX announcement (December 14, 2017) outlining initial acquisition terms of AUD $350,000 cash plus AUD $216,666 in ordinary shares.
ShareRoot Limited FY2018 and FY2019 Annual Reports (Notes on Business Combinations and Contingent Liabilities) confirming the acquisition completed for AUD $500,000 total initial consideration plus performance shares up to AUD $333,333, with no recorded reduction to ~$130,000 USD for uncovered debt.

Checked against

[1] asx.com.au [2] marketindex.com.au [3] asx.com.au [4] asx.com.au [5] asx.com.au [6] asx.com.au [7] asx.com.au [8] asx.com.au

"The Social Science" "ShareRoot" "business combinations" "goodwill" "2018" "ShareRoot" "14 December 2017" "Tranche" OR "VWAP" OR "worth" "14 December 2017" "ShareRoot" "The Social Science" OR "TSS" ShareRoot Limited The Social Science Pty Ltd ASX announcement "ShareRoot" "The Social Science" "April 2018" OR "March 2018" OR "May 2018" "ShareRoot" "14 December 2017" "upfront" OR "initial consideration" "ShareRoot" "The Social Science" acquisition "AUD" OR "USD" OR "shares" "ShareRoot" "14 December 2017" "$216,666" "The Social Science" "ShareRoot" "Appendix 3B" OR "cleansing" OR "completion of acquisition" "ShareRoot" "The Social Science" "161,623" OR "goodwill" "consideration" "ShareRoot" "The Social Science" "earnouts" OR "earn out" OR "performance" "debt"

assessed as of 2026-09-02

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Mentioned

ShareRoot

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