Poydras Gaming - This is only the ground floor
Poydras gaming management and board have achieved every goal laid out to shareholders. With the massive growth over the past two years I have seen this management team work through meticulously every detail to position us for success. With Q2 in our rear view mirror and an additional 3.2 million Ebitda waiting in Q3, this is literally the last opportunity to get in and or average down before our story truly begins to unfold.
POydras insiders have begun to purchase shares from the market, this is showing the market like always that our team does what it tells shareholders. With our latest financial restructure of $30,525,000 US our management stated no more need for dilution and to sustain growth organically unless for very large acquisitions.
Our story will begin to unfold on the American markets, with only larger quarters and more contracts to come. The venture exchange although a great place for new up and coming stocks has not provided Poydras the appropriate support or recognition it deserves. During the conference call , Peter mentioned that there was large interest in America and once again with this insider buying I will take him for his word and wallet.
In this market Poydras, a company with a market cap of 18 million Canadian restructured its debt of $30,525,000 and the venture did not reward it. This valuation is so under valued that a financial institution has given PYD a better valuation then the market. Further to this point the company has strategically made moves to increase quarterly cashflow with the annual Ebitda increase of $3,200,000 US.
In my opinion I can see PYD at $1.50 by Q1. With insiders starting to buy , we can make there by Q4. I was wondering why Management mentioned the US listing on the conference call and I think it was to remove the black out for buying as now the market is aware before its official. This is unlike me to express my opinions vs documenting facts so I will once again attach Peter Macy's message, just remember that he has achieved every goal set out to shareholders! And he stated that 5000 machine (double today's count) can be achieved in 1.5 years !
"As we embark on the next stage of growth, underpinned by our restructured balance sheet and with multiple opportunitities in our developement pipeline. We want to support our share price and improve our liquidity by telling our company story in the largest equity market in the world, The United States.
To that end, the board has approved a resolution to pursue a listing on the OTC QX international, the top tier of the OTC markets. While maintaining a listing on the Venture Exchange.
While it is currently not easy for U.S based investors to buy TSXV stocks, The duel listing on the OTC QX will increase access to the U.S investment community. We feel that given our opporations are in the U.S, it is a natural fit to list there.
On our last call, I talked about our plans to attend the U.S LD Micro conference and our reception there was great, with overbooked day of meetings with interested investors. One consistent theme we heard was that they liked our business and appreciated our growth potential. Investing in TSXV stocks was difficult or outside of investment mandate.
We took that feedback to heart and are pursing the OTC QX listing in response. Later this year we plan to increase our outreach to the U.S market by attending more investment conferences aswell as outreach to more select regional brokers"
Finally I will leave you with this, I have been in the markets on the venture for quite some time, smart money is in first, before promotion and sell to retail on the way up. This story will begin to be told south of the border and when our EPS ticks Into the positive, the market will favor PYD and trade at multiples much higher then present.
This is expressed with my personal opinions and research, this is not investment advice.