Tangelo Games Corp. IPRSF

Since we have time here, prediction on potential take out?

[Bangkokboy]

IF, we're in the process of a take out, what do you guys feel is a realistic price per share?

Personally I feel it'll be no less than 30 cents per share since Lanthier took over at about this price and I believe Marti received his shares when coming in at a little less than this.

My rationalization with this price is that it would not look very good on his resume that he sold the company at less than what he came in at.

Gerry, I believe you have this as going bankrupt, so you don't have to chime in.

[lscfa]

I think we will have this stolen away from us just as co. is about to restart growth spurt by finally moving to apps and away from desktop. Fair value is $0.31. CEO gets 2 yrs severance pay so he does not give a fcuk about shareholder value.     Assuming forward ebitda is $15 mil/yr and using a multiple of 10x => $150 mil enterprise value $150 mil + $5.5 mil cash - $87 mil

[nervous64]

If you believe it will be fair market value. I'm sure there will be consideration for getting the company out of it's debt problem. But believe me I am hoping for market value. Would work out well for many. GLTA

[TooTall00]

Fair market value? The company is getting bailed out. If somebody takes us out it will be for 11 or 12 cents if we're lucky. There will be a discount on the sale not fair market value.

[Lendlfan]

Not necessarily.....because if 1 company offers only 11 or 12 cents, whose to say that Tangelo doesn't pitch the sale to another company that may offer 15 cents, and then a small bidding war between a few companies start. They are most likely not talking with only one potential suitor...it may be multiple and all of them may be interested and willing to pay various amounts of money for the

[TooTall00]

Still waiting for your post for  the 30s big mouth. Jerry, you're such a tool. #worstbasherever