Integrity Gaming Corp. V.IGAM

Notice of Withdrawal ,Oct 5

[Riverfolk]

Poydras Gaming Finance Corp. (the "Issuer") withdraws from being an issuer qualified to file a short form prospectus under NI 44-101, effective immediately. 

[RegularJoe]

Perfect, no more dilution for the foreseeable future... Teflon owes VP another coffee 

[Teflon2Hype]

Riddle me this; Why does a company take out a 13% debt facility with undisclosed covenants to pay off 12% debt instruments with disclosed covenants? Why increase your debt load by over 8% and hide the conditions of that loan agreement from your shareholders when at face value none of it seemed to be necessary? One of the secrets to making money is having foresight as sharp as your hindsight

[lscfa]

The new debt facility is for a larger amount, dumbass....that is why int rate is higher and the extra proceeds are for more acquisitions/growth....

[Teflon2Hype]

Why do you always think always calling someone "Dumbass" then 5 starring your own post makes you answer correct? I can not say your answer is incorrect because you did not answer it. I will say that your rational that larger loans bear a higher interest rate is backwards. The smaller loans bear a higher rate due to fixed administration costs having to be derived from a smaller amount

[KeithORichards]

Convertible (i.e. dilutive) securities are issued because they can get a lower rate than debt without any potential upside with equity. This is a simple fact of capital markets and financing. The 12.5% 5 year loan with minimal amortization is replacing a highly dilutive security that was coming due in March.  In addition, the extra $ amount went to funding about $2MM more in run rate EBITDA.&

[KeithORichards]

The public traded debentures, by their nature, have their covenants disclosed. A private debt facility, by its nature, remains private to some extent due to the lender, for competitive reasons and in dealing with future facilities, wanting some of the terms to remain private. Poydras has complied, of course, with the reguluatory requirements for disclosure. There are some terms they can't

[Teflon2Hype]

"The public traded debentures, by their nature, have their covenants disclosed. A private debt facility, by its nature, remains private to some extent due to the lender, for competitive reasons and in dealing with future facilities, wanting some of the terms to remain private." Keith, everything other than the interest rate and term are private. That is unheard of. How can a investor

[KeithORichards]

Never tried to hide that fact. That's why I write under my real name. Nor have I ever been asked to write about them "positively." That's not the engagement that I have with Peter and the company. I write what I know to be the truth. Yes, I am compensated by the company for investor relations services. If I did not trust that the company, or any other company I represent, was