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Bullboard - Stock Discussion Forum Tangelo Games Corp. IPRSF

"Tangelo Games Corp is engaged in developing and selling social casino games. The company primarily designs, develops and distributes social casino-themed games within online social networks such as Facebook, Mobile platforms, Portal and other. It derives revenue through the in-game sale of virtual coins most of it is accounted through Facebook."

Bullboard (GREY:IPRSF)

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Comment by Lendlfanon Jun 11, 2017 6:31pm

RE:you mean to tell me there are bigger morons out there than

Okay Mr. Smartypants.....what do YOU think this company is valued at. And keep in mind, 55M active users (paying and non-paying) $10M EBITDA per year $40M revenue per year In the ...more  
Post by GeraldHon Jun 11, 2017 2:47pm

you mean to tell me there are bigger morons out there than

you looking to buy this company out? oh boy.
Post by lscfaon Jun 11, 2017 2:13pm

Leveraged investment

The debt makes this a leveraged investment with possible big upside. Current ebitda of $10 mil x 10 multiple = $100 mil enterprise value less $88 mil debt => $12 mil equity value or $0.067 ...more  
Comment by Lendlfanon Jun 11, 2017 1:34pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:Irresponsible? Unethical?

Your math on Market Caps is way off. If the share price gets to .06 cents with 180,000,000 shares outstanding, the Market Cap value is $10,800,000. If the company gets bought for $30,000,000 the ...more  
Comment by TooTall00on Jun 10, 2017 12:28am

RE:RE:RE:RE:RE:RE:RE:RE:Irresponsible? Unethical?

Correct me if i'm wrong but at $30m with 180 mill shares outstanding that at 6 cent sp. not sure who is getting paid at 6 cents.
Comment by Lendlfanon Jun 09, 2017 4:35pm

RE:RE:RE:RE:RE:RE:RE:Irresponsible? Unethical?

Okay so if someone is going to buy us out with our debt, our EV (enterprise value) is $65 Million.   EV is usually a benchmark for what someone could pay for the company if acquired because it ...more  
Comment by TooTall00on Jun 09, 2017 2:41pm

RE:RE:RE:RE:RE:RE:Irresponsible? Unethical?

You are all overlooking many things. What if a company buys tangelo out at 3 cents per share and agrees to take over tangelos debt owned to TEC. Prob won't happen this way but there are so many ...more  
Comment by willis888on Jun 09, 2017 9:24am

RE:RE:RE:RE:RE:Irresponsible? Unethical?

If TEC would lower the interest rate from 12 to 8 %.That would be a great start.
Comment by SPCguy18on Jun 09, 2017 8:58am

RE:RE:RE:RE:Irresponsible? Unethical?

I would also like to point out that Tangelo is TEC's largest outstanding loan at $85 million. Per their website No. 2 and 3 are 70/60 mil respectively, and after that it is a big drop off. They ...more  
Comment by Lendlfanon Jun 08, 2017 10:51pm

RE:RE:RE:Irresponsible? Unethical?

TooTall00 - but Third Eye Capital IS a shareholder too....if Tangelo gets screwed so does TEC. You think TEC will let it go under? They are owed millions and wouldn't see much either if nobody ...more  
Comment by nervous64on Jun 08, 2017 1:27pm

RE:RE:RE:RE:RE:RE:Irresponsible? Unethical?

He will answer, just not sure what he can/will say. Let me know.
Comment by mancer7on Jun 08, 2017 10:23am

RE:RE:RE:RE:RE:Irresponsible? Unethical?

I would not expect an answer.
Comment by nervous64on Jun 08, 2017 9:51am

RE:RE:RE:RE:Irresponsible? Unethical?

Why not email him and ask: spyros@pinnaclecapitalmarkets.ca I would be interested in his response.
Comment by mancer7on Jun 08, 2017 6:46am

RE:RE:RE:Irresponsible? Unethical?

I would like to know for what pinnacle gets 7500 dollars per month? What do this pr company?
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