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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 Jul 20, 2016 8:58am
61 Views
Post# 25067952

RE:Sounds comparable to me. -

RE:Sounds comparable to me. - I swear Wangy that you are not searching for the truth. You are hunting for justification. So you feel that leasing floor space in a Native casino is the same thing as owning territorial rights in greater Montana?


If that were the case then riddle me this. Why was Integrity sold for $12.6 million which included 1,600 machines and a profitable Bingo supply business if valuation is based on $20,0000 X the number of slot machines?  Even if you were to say that they threw in the profitable bingo supply business for free that would still only give a base number of  $7,875. Now we do have to give some value to the Bingo business given that it was the only thing that was and is profitable for Integrity or Poydas, so what do you say to giving an arbitrary 11-12% of the selling price to the bingo business? Hhhmm, that puts the machine multiplier at $7,000.

You have probably figured out by now that I am busting my gut laughing at all this, but it is a great way to start the morning so lets carry on. Your resident number abuser and self recommender (Who ever could I be referring to?) conveniently created a formula to support your $20,000 multiplier to give Poydras a share valuation of $1.29. Golly gee, if we were to now punch in the closer to home Integrity number into that facade formula it would yield a share price of 45 cents. That is not very good, is it?. Tell you what. I am not going to push that since this whole conversation is for entertainment purposes only. Have him feel free to create a new bogus formula for share valuation. Tell him to take his time and pull what ever he needs from his lower orifice until it yields the required minimum of $1.25 (bare minimum) share price.

You know Wangy i was going to end it there but i feel an itch to create a post that is as long winded as one of yours. I know that is a tall order so I would be happy with second place...Now here it goes....

Just about every time i read your one of your verbose diction's I envision you travelling down a country road (hands on the steering wheel at the 10 and 2 o'clock positions of course) and encountering a massive boulder blocking your way. You then look at the boulder and say "I need to get past you so you are a giant Nerf ball that will bounce out of my way when | run into you" You then floor it and demolish you car on impact. When you wake up in the hospital with your whole body in traction and the only part of your body that you can move is your lips (thank God for that).,you then look at the nurse and say "Get God on the line and tell him his laws of physics are not acting according to my wishes".  Also tell him i want an immediate correction in these flawed laws and a heart filled handwritten apology ...Pronto!

Oh well that is all I have for the moment. Best wishes for a nice day, from me in my world to you in yours.


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