Tangelo Games Corp. IPRSF

Devil’s Advocate

[Champ87]

Don’t get me wrong, I am as horrified by this as all you guys and I will lose a lot of money here, but what other options do we have? TEC controls everything and don’t owe us anything. They could have taken the company and give us nothing. Big law firm behind this so I doubt a lawsuit will lead to anything...unless someone has another idea? Transition to Unity and the Diwip’s deal killed it. Small shareholders pay the price again. At least we can all move on.

[Freelunch5]

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[Champ87]

I plan on voting no, but please someone tell me what other options we have if no other company has made a better offer? Unless TEC is lying all the way...

[Freelunch5]

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[skinnybob123]

Vote no, file formal complaint to OSC, and talk to your lawyer. It's not like TEC and Stan Bharti's friends on the board have a clean track record.

[skinnybob123]

We could also eliminate up to a million a year in excessive compensation costs of useless CEO and other board members

[Freelunch5]

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[Seadooxp1]

I will definitly be voting NO as zero vs $.026 cents makes little difference to me.  Utopia would be shooting this down and then getting to withold my vote on all directors which requires them to resign.  Just my way of saying **** you. With all that said, what happens if TEC forces Tangelo into bancruptcy?   Would the company still continue to operate?  There is no real

[bringon10bagger]

IMO, this was a planned manipulation to screw the retail investor. Maybe we can hope for another company to make a sweeter offer. The acquirer would get a nice bump in  revenue, consume their geographical sales footprint and dump all their headcount and expenses. Even with debt would be a win for the acquirer, considering what other acquisitions have been bought for. 

[skinnybob123]

Agreed with everything said. But no chance TEC would allow a deal that creates more shareholder value. They've successfully eliminated most of the debt through shareholder equity. Now they can claim a 40 mil revenue 10 mil ebitda company for 4 mil. fyi TEC was a defendant in a similar collaborative chapter 11 bankruptcy case before. The details and scheme was a little different, but the

[Marenzio]

It's admirable what you suggest, are there any precedents that contacting the OSC will be effective, which department does one contact, what does one say!