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Tangelo Games Corp. IPRSF

"Tangelo Games Corp is engaged in developing and selling social casino games. The company primarily designs, develops and distributes social casino-themed games within online social networks such as Facebook, Mobile platforms, Portal and other. It derives revenue through the in-game sale of virtual coins most of it is accounted through Facebook."


GREY:IPRSF - Post by User

Post by FastFFon Nov 07, 2015 3:57pm
164 Views
Post# 24270153

Very expensive financing

Very expensive financing
If you look at history you'll see that companies who pile on debt to grow by acquisition almost always blow up; plus when you add up all the costs and fees this is not cheap money. Yes, social gaming is a hot space, although there's hundreds trying to be the next winner, so investors here would be wiser to sit on the sidelines and wait until they digest and show some ORGANIC growth (not to mention actual, not preforma, profits).

To early to tell, in spite of what the pumpers will say. For sure, more financings coming, so the stock won't get away.
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