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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."


GREY:IPRSF - Post by User

Post by capitalpower81on Jan 21, 2015 12:32pm
173 Views
Post# 23344281

LAB Valuation

LAB ValuationIf this deal does close, we can anticipate a domino effect...
And by that, i mean potential partnerships..
If we get the 20MM$ , we should get about 116M shares before dilution from bondholders if they choose to excercice their warrants. 
If EBITDA post DIWIP deal is 14MM$ , place a 5X EBITDA = 70MM Market Cap.
70/116M shares = 0.60$ (again prior to more dilution).
This deal just needs to be done. We shall see.

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