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Integrity Gaming Corp. V.IGAM

"Integrity Gaming Corp is a provider of gaming equipment and project financing to owners, operators, and managers of casinos and other regulated gaming venues. The company focuses on U.S tribal gaming markets where it leases and distributes slot machines, electronic table games, casino, and bingo equipments."


TSXV:IGAM - Post by User

Comment by RegularJoeon Apr 29, 2016 9:11am
34 Views
Post# 24824351

RE:RE:Its pretty clear, can't be short sighted here

RE:RE:Its pretty clear, can't be short sighted hereYes. This play is going to reward all in 2016, look at page 22 on MD&A! Our contracts are 5 years with most machines paid for in 3, this leaves the first 3 years with high expenses and then the last 2 years of the contracts are gravy. This year and next are high expenses as the company establishes itself. With a simple refinancing loan the company can take the 24 million owed over the next 2 years and spread it over 5. Dramatically reducing monthly and yearly expenses. Any more additional machines are pushing us further into the clear! 

You can trade this play if you like but Q1 will be even clearer and the window of buying in at .04 is closing and or gone already IMHO. 
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