Post by
Lendlfan on Aug 30, 2016 2:09am
Lanthier hints they are for sale
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.
Comment by
HobbyDigger2 on Aug 31, 2016 3:09pm
Well, no doubt all is possible. Regards HD
Comment by
copperboys on Sep 06, 2016 4:02pm
Every day more chipping. Something's up chappies
Comment by
GeraldH on Sep 06, 2016 9:40pm
This post has been removed in accordance with Community Policy
Comment by
lscfa on Aug 30, 2016 12:10pm
The venture with pokerstars will allow it to get some firsthand insight into GEL