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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 Teflon2Hypeon Jun 24, 2016 9:47am
63 Views
Post# 24995064

RE:RE:.70

RE:RE:.70"I agree that it's going fo have a movement."


Is that why the hypster are all jumping up and down and squeezing their butt cheeks?


Some of us can be honest and others...well,you know. Read the board, but please do wear your hipwaders and watch where you step.



May 30, 2016 - 04:00 PM 60 Reads
Post# 24916957
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RE:RE:RE:RE:Q1 Net income $341,262 US

Careful SS. That report was good for traders but not so for investors.

The comprehensive loss was $95,574 of which there was a favourable foreign exchange and a one time earn out. Foreign exchange can kiss you on the cheek in one quarter and kick you in the butt the next (and it has and will), and the one time earn-out will not be there next quarter. So if one was to take that into account to see if those machines are carrying their weight then the answer is still "No" Without the fickle foreign exchange and the one time earn-out, the business of slot machine leasing and bingo supplies had a Net Loss $669,546  and a Comprehensive Loss of  $1,108,552 in the quarter.

 When positive numbers come from one time events and feathers in the wind such as foreign exchange, then then smart money does not give it any weight past the quarter in which it occurred. Traders know that many do not read past the surface of any Q report and that will always give them the upper hand in this game. Positive movement in the foundation is the only thing that will make a stock go up and stay up for the long term, and the foundation of this report stated that this play is still a million dollar per quarter loser as it always has been.

Happy trading.
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