Integrity Gaming Corp. V.IGAM

The proposition of going private

[Riverfolk]

I firmly believe that this stock will not reach its true value on the Venture exchange. Given that the share price is now in the low .60s most share holders are fed up and would walk at a low valuation of $1 or $1.20.

Management being investor bankers must see the potential here as they did with the debentures. Raise $34,500,000 - $41,000,000 Can , $24,500,000- $29,000,000 US and take Poydras private. Peter stated that 5000 machines was achievable in 1.5 years so after such a push take Poydras public on an American exchange where it's true value would be rewarded $2 US.

It is only a matter of time until a bid will take place, we watched all the debenture holders make a killing and I think the same group will make killing again. With $11,000,000 US ebitda expected for 2016, it would make more sense to go private before more growth as management gets more options at $13mil ebitda. All the money here is going into interest on debt, is a private bid had deeper pockets with lower rates and or can swallow up debt, imagine what they could list for on an American exchange with $15,000,000 US ebitda and good terms on debt. For $60 million a firm could have Poydras with no debt and make 10 mil a year until taxes start.

It is only a matter of time folks!

[lscfa]

Lots of small operations still to be acquired....QIC just bought 3 in Georgia...and JP just announced a new electronic table which PYD will help market in its markets....

[Teflon2Hype]

EBITDA is a meaningless nonsense number used to try to hide the fact a company is losing money. Making money is the only thing that matters and you don't. Now as far as a takeout is concerned, it is not necessary. The prime creditor that Peter went out of his way to get into bed with now owns all your tangible assets. If they had a closed door understanding then all they have to do is call

[RegularJoe]

I understand it is good to cautious, but what your indicating is that you shouldn't get a mortgage cause the bank owns the deed.

[Teflon2Hype]

"I understand it is good to cautious, but what your indicating is that you shouldn't get a mortgage cause the bank owns the deed." Using your analogy Joe, you bought the house outright with cash because Poydras started off funded with shareholder money. Now if you keep on losing money and have to take out a 1st, 2nd, 3rd etc mortgage to suppliment the shortfall, then you have a

[RegularJoe]

Using my analogy poydras would have bought a acreage with cash, then got a first mortgage for a main structure, got such a good deal they took out another mortgage for a shop/garage and again after such a good deal they took out another mortgage for guest house. after having a financial institution evaluate all these assets they gave a consolation loan to clean up all the payments and make a

[Teflon2Hype]

Joe you just do not comprehend a financial statement nor are you willing to digest the easy version from someone who does. What you once owned you no longer do and it is turning into a toxic financing death spiral But for some reason that does not mean anything to you. Oh well, just give me my one star and let just say I was trying to steal some of these juicy cheap shares but you were not

[RegularJoe]

I gave you five stars cause I care about your feelings i just like my version of my analogy better than yours. as for financial statements, to be fair ... no one knows and or will know until Q1 because since new financing we have not seen a quarter. have a good evening

[Teflon2Hype]

"no one knows and or will know until Q1" I think you mean Q4 Careful. They reported for Q3 that some of the revenues were not received therfore Q4 may end up being artificially high. If they do get paid and report those old revenues then you will have to subtract that to get an accurate picture of the Q4 performance based on actual Q4 revenues Fair?

[RegularJoe]

That is a fair assessment but happens in business with receivables before new financing PYD owed 17 million In 2017 and 11 million in 2018, so by consolidation to payments over 5 years was a great business decision? fair?