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Bullboard - Stock Discussion Forum Playgon Games Inc V.DEAL

Alternate Symbol(s):  PLGNF

Playgon Games Inc. is a Canada-based software as a service (SaaS) technology company. The Company is focused on developing and licensing digital content for the iGaming market. The Company provides a multi-tenant gateway that allows online operators to offer their customers iGaming software solutions. Its software platform includes Live Dealer Casino, ETable games (Live Dealer Product) and... see more

TSXV:DEAL - Post Discussion

Playgon Games Inc > Troll Deal Is Coming Around . Real Revs And Cash On Hand
View:
Post by Goldy63 on May 04, 2022 7:53am

Troll Deal Is Coming Around . Real Revs And Cash On Hand

Anyway the market was positive troll so liked the news  and the losses are from Ramping UP to even more revs in future Q,S . 
  • The Company had record annual revenue of $159,705 (2020 - $nil).
  • The loss for the year was $14,874,472 up from $6,489,613 in 2020. The increase is primarily related to running a full suite of live dealer tables 24/7 and enhancement of the Company's software development and integration team to meet the needs and expectations of initial and prospective operators. This is a necessary investment in building out a platform that is compelling and desirable to operators.
  • The Company announced and closed an upsized non-brokered private placement consisting of 34,971,112 Units at a price of $.30 per unit for gross proceeds of $10,491,334.
  • During the year the Company repaid $1,244,439 of debt obligations and reduced total liabilities by $1,324,403 from December 31, 2020.
  • The Company had cash on hand of $5,930,003 at December 31, 2021.
Comment by stockman2021 on May 04, 2022 3:21pm
This post has been removed in accordance with Community Policy
Comment by Goldy63 on May 04, 2022 3:56pm
Troll . They added staff as buiness increases so yes overhead and thereturing things around as record revs and a lot more coming . Spew your garbage troll . I,ll play this long and see what happens . Hey Ontario today whats next ?. Later troll . 
Comment by stockman2021 on May 07, 2022 10:18pm
This post has been removed in accordance with Community Policy
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