Tangelo Games Corp. IPRSF

Lanthier hints they are for sale

[Lendlfan]

The most important line in the earnings press release is the following statement James Lanthier made:

"Observers of the games and gaming markets will note that there continues to be robust M&A activity. Management evaluates M&A opportunities in this regard with a particular focus on opportunities that would allow the Company to improve its capital structure.”

Hey basically just told everyone they are up for sale - They want to be bought - now that they have packaged themselves up nicely and built a decent social online gaming company through acquistion that is positive in cash flow. Especially at this market cap of $15 million. 

Wayyyy too cheap - someone will come in and scoop them up at a huge discount to industry peers and have access to all that intellectual content and userbase. Being acquired or merging with another company that can inject capital into Tangelo will help them with their debts.