TRANSGAMING INC. V.TNG

Why is nobody discussing cash position?

[stockhousemania]

I have a small position in this company.  The major concern I have is cash.  Everybody seems to be talking about middle east, tax loss selling, etc.

They had under $2 M in the bank in August.

They lose $1 M+ per quarter from operations

They have $1 M loan payable in next 6 months.

They may already be out of cash and certainly must do something by January.  Am I missing something here???

Please...any news on fundraising would be welcome :)

[KaeKam44]

Last time I checked they were selling games on Mac. Unbelievable eh?? But I guess you didn't read the release from September or you would have known that they released Metal Gear Rising... $29.99 a pop with 7000 reviews on purchases in 34 days of it being on the market. That totals $209,930.00 in sales. Only 1/3 of individuals that purchase games provide reviews/feedback on the games they

[stockhousemania]

That is partially good news.   At $30 retail, they make $15 wholesale...standard mark up on these type games. Still they need to raise money...they are not going to sell there way out of losses...they need a capital injection desperately

[KaeKam44]

They should have enough new releases out over the next while to sustain and not have to beg for dough. This is based on what I have read on the INternet which is available for anyone's viewing pleasure. I spent over 5 hours on Sunday night researching this Company cause I wanted out too, but I couldn't find a good enough reason to sell my shares in this Company. 

[Kalvin007]

Why don't you write Gupta a Cheque.  They are good for cash for another few Q's, let's see where sales go after the reorganization, we can revisit the cash issue next Q. 

[stockhousemania]

too much money for me...they need $5 M to reach cash-flow +ve... They need $2 M to keep them going to show traction, so they can raise another round...

[KaeKam44]

Take Care and don't let the door hit you in the as. So now you have absolutely no reason to comment on TNG Bullboard. Go find another penny stock thats gonna make you a millionaire over night.  

[docgalo2010]

If their paying down their debt they are making money,paying down debt will give them leverage in raising cash later,that is the main focus and being on the right track.

[Invwconfidence]

Probably paying the debt down as they upset the lender, the Best Funds-the most expensive lender around, as they kept reporting losses quarter after quarter. Best Funds is scoping the cash while it is around. Look at the financials, last August they renegotiated at the end of the quarter. Any banker will tell you that they have them over a barrel. Expect more cash to be taken sooner by them. Keep

[flashraven]

Stop making up stories,no one is upset no lender or fancial lender,TNG is doing just finet,the only one upset is  your self and other bashers or same with ilias names INVWCONFIDENCE but  trying real hard  to spook of Investors so you could do your penny flipping.. just like doc says....guess your hanging around here trying to save the world,go play in the middle of the street

[dpoc]

Confidence, Your observations are a pleasant change to the goofball pumpers who come on here and spew their horse manure. The bit about tax loss selling next year, you can bet that TNG won't be around this time next year. IMHO

[stockhousemania]

I agree...they need to raise cash ASAP or company will not exist

[docgalo2010]

Do you really think Intel with a finacial arm in  TNG and TNG close to having over 70 million possible connection, this company would go belly up,are you in your right mind mr mania

[lga000]

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