OTCPK:TNGZF - Post by User
Comment by
goldinontarioon Feb 23, 2017 9:03pm
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Post# 25886579
RE:Buying opportunity
RE:Buying opportunityIMHO, I don't believe this is a question about technicals, so I will answer with my fundamental beliefs. The Company took most if not all of its write offs last year, so hopefully the bad news is behind us. It is cash flow positive, and I would think the next news could be very positive, hopefully being one of the buyouts they have alluded to. A significant buyout, does a few things for the Company: (1) shows the model of investing in tech companies (the new model) is working, (2) provides cash for new tech investments and (3) increases the Book Value and EPS of the Company which will lead to good quarterly reports.