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TRANSGAMING INC. V.TNG

"TransGaming Inc is engaged in partnering with Smart TV manufacturers and international pay TV operators to deliver interactive gaming experiences to connected TVs globally."


TSXV:TNG - Post by User

Comment by lscfaon Feb 07, 2014 1:53pm
133 Views
Post# 22185097

RE:USE OF PROCEEDS -Will be interesting to see how cash is used

RE:USE OF PROCEEDS -Will be interesting to see how cash is usedI assumed they would fully retire the notes from BEST funds but maybe they just retire near term principal repayments. With the warrants they were issued BEST could be considered an institutional investor. From July 2013 news release: "John Richardson, CEO of BEST Funds, commented, "I am excited to announce that BEST will be financing the working capital requirements of TransGaming once again. Since our first experience financing this company, we have developed confidence in the management team and have been pleased with the progress towards their longer term goals. We are optimistic for the future performance of the Company. We look forward to keeping TransGaming in our portfolio and working with the company again to build value and growth."
 
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