TRANSGAMING INC. V.TNG

Any News on Fundraising?

[stockhousemania]

Have they engaged a banker?

Has anybody seen a recent pitch?

Any traction?

They have only have just over a quarter of cash left!

[Kalvin007]

They have revenues coming in each and every day plus they have 1.75 Million left in the bank, they have enough funding for at least another four quarters. They burn about 300-400k per quarter in cash plus they have have to repay 112k per quarter to there term loan, they only have 17 more months of payments left on the loan. They are in good shape! We will find out next quarter if there new

[stockhousemania]

Thanks Kalvin.   I agree that if they start making a profit this stock is a screamng buy. They however are burning $2 M per quarter since there last raise (see financials) and revenues are actually declining.  They need to raise money soon or else will run out of cash! Any news on how this is going?   

[Kalvin007]

The reason they burned so much cash was because they repaid 1.75 million debt and they also invested heavy on infrastructure (new portability division) Moving forward costs will decline and revenue should increase from the new division. They outlined this in there last conference calls IMO GLTA

[stockhousemania]

True, but here is what I see: EBITDA is declining because of decreasing revenue but steady expenses R&D expenditures are steady - not a sign of increasing tech spend most of expenses are in SG&A (not good) Long term debt decreased but short term debt increased (notes payable). This company needs cash and fast.  What are they doing about it??

[Kalvin007]

Everything what u said is your opinion and not fact, that's not what I got from reading through the reports and listening to the conference calls. However you can always email the company and see what they have to say

[shawshank]

Smania...I mean Yzz123 just born or shall we say re-born again just yesterday. Knock if off already...your presentation is old and stale and been answered many times over ...the decline in revenues for this year were already forecasted in Maxims guidance...as is  the uptake in revenues for this year and has to do with Gupta changing operational direction and focus due to changing market

[skyhawk1]

SS don't waste your time with the basher scum. They have NO credibility & NO pride so why acknowledge the 'TWO COWARDS'........... Don't you think that someone who has to change their alias this many times desperately trying to be heard, is a professional boiler-room paid troll or just deeply & mentally challenged?!............ We know the longer term direction of TNG so