Tangelo Games Corp. IPRSF

Some Proforma Numbers

[lscfa]

57,267,692 shs

12,042,467 wts

5,226,747 options

74,536,906 total diluted shs.
17,543,859 to diwip
40,000,000 new issue $20 mil @ $0.50

132,080,765 total

 

 

$12,888,630 us diwip earnings
$14,693,038 Cdn.

$4,800,000 interest on $40 mil x 12%

$9,893,038

 

Eps = $0.075

P/E of 15x = $1.12 share price

[nomomoney24]

Add in a deal like this an more to come the upside is crazy! One of these partnerships is with TelecomX who is to supply Imperus’s games, including CASINA® to MTN Group (MTN:SJ). MTN is one of the largest mobile telecom companies in the world with US$15 billion in revenue giving Imperus potential access to 215 million subscribers. This is 10 TIMES the current user base of Diwip giving massive

[lscfa]

This is just what  Diwip is worth to LAB. It values the rest of the LAB business at zero.  

[nomomoney24]

Wrong Don't take my word for it call the company we will have around 250 Million shares out after all is said in done. There are a lot of big fee's attached to this deal that are paid in shares to Dundee an others. Iscfa ask your self how are you going to make money when guys like me are blasting out millions of shares on good news so we can sit on our free warrents. I have Dundees # if

[nomomoney24]

Iscfa - take part in the financing an get the warrents.

[nomomoney24]

I don't know where you stand but if your not an accredited investor there was a new rule last year stipulating non accredited investors that are share holders can now take part. I think the number is $15,000 or something around that#. Take part an help the cause!

[lscfa]

Likely scenario: Stock rises over the next 6 months. LAB accelerates warrant expiry date and warrants get exercised. LAB has additional funds to make more accretive acquisitions.

[nomomoney24]

Try investing an stop guessing.

[lscfa]

I am a shareholder already. God, how dense are you?

[nomomoney24]

Yes I know your a share holder I'm trying to help you out. Take part in the financing an get the free warrants. An pull your head out of your butt an re do your DD now. Never be satisfied with your knowledge of your investment things change day to day. I'm sure you work hard for your money keep on top of things, you don't want to be buying me a new Porsche do you?

[lscfa]

Now you're my investment adviser? I have a full position in LAB. Only a fool bets the whole farm on one stock.

[nomomoney24]

No but I think you need one.LOL

[lscfa]

Are you dense? I said stop trading, start investing. I am not concerned about short term price fluctuations. This stock will go higher over the longer term.....

[lscfa]

Updated for latest developments. 57,267,692 shs 12,042,467 wts 5,226,747 options 74,536,906 total diluted shs. 28,571,428 to diwip ($10 million @ $0.35) 57,142,857 new shs. ($20 million @ $0.35) 28,571,428 new wts 188,822,619 total     $12,888,630 us diwip earnings $14,693,038 Cdn. $4,800,000 interest on $40 mil x 12% $9,893,038   Eps = $0.052 P/E of 20x = $1.05 share price

[hawkeyfan]

Good info, however this is for raising the minimum $20 million in the private placement. Here is the breakdown if $30 million is raised and over-allotment option exercised: 57,267,692 shs 12,042,467 wts 5,226,747 options 74,536,906 total diluted shs. 28,571,428 to diwip ($10 million @ $0.35) 85,714,285 new shs. ($30 million @ $0.35) 42,857,142 new wts 12,857,142 new shs (over-allotment exercised)

[hawkeyfan]

FYI I don't think the diwip $10 million will be at $0.35 a share, I believe it will be at higher price than that but just used that amount iscfa was using in his calcs.. 

[Marenzio]

Thanks guys, that was very helpful.    I can't help but think that a TSX listing and more institutional investing resulting therefrom might drive the price higher than a P/E of 20.

[lscfa]

$0.35 is a worst case sceanrio. The 30 trading day volume weighted average price as of Jan 9 is $0.47

[hawkeyfan]

Also keep mind that when it is all said and done (private placement fully subscribed, over-allotment option exercised and future warrants acted on) the incoming cash to the companycould be over $61.6 million ($30 million from private placement, $4.5 million over-allotment option and $27.1 million from warrants albeit down the road). That's nothing to sneeze at to excecute business

[lscfa]

I am really hoping they cap it at $20 million equity financing because 28.6 million $0.55 warrants will bring in another $15.7 mil. And I can see the stock rising above the $0.75 warrant trigger level within 6-9 months. 

[nomomoney24]

" I am really hoping they cap it at $20 million" Iscfa - You should be more worried that the come up with 20 MIL fact is this is the third time around,first two try's the came up with next to nothing. Raising more than 20 is the least of our problems. Don't take as a bash it's just a undeniable fact.

[lscfa]

You can not assume that the two extensions to the closing date are totally due to a lack of interest by investors.  It is more likely that investors are doing rigorous due diligence. This is not your ordinary PP disclosure. It is full blown prospectus disclosure. On Dec 5 the company filed on sedar a notice that it would file a short form prospectus. A short form prospectus requires that an

[nomomoney24]

I'm not assuming it's fact it's now my third time around trying to get PP shares an anyone that is taking part is in contact with Dundee. Your the one guessing!

[lscfa]

You are having trouble getting PP shares and you think investors are not interested. Which is it? Sounds hypocritical.

[nomomoney24]

Say the word an I will inbox you the phone number of the guy taking care of it at Dundee. No I'm not having trouble know one is having any trouble they will take anything from anyone at this point. Fact is no one gets anything until the book is closed they have to come up with the full 20 MIL. Close is not good enough! You try to post like you have some knowledge fact is your clueless.

[atuz]

Please send it to me. Tks 

[Bangkokboy]

I suggest everyone look on sedar regarding the pp. Let's be civil, we have many good people here and there's no need to get into it with one another as this is serious.        

[atuz]

I agree. Let's put aside the bs, trying to influence others in the wrong direction and work together. We will all do well together.