Great day for Transgaming....Before today, my question about TNG was the same as the fellow on the last conference call, "isn't the company just running on 'fumes' at this point, can it continue for very long at this rate?"
Today that question was answered emphatically. It was answered with the aquisition of $3.75 million U.S. dollars.
I figured the revenues would be up because they are getting exposure on more platforms and I figured the expenses would be down because Ensing seemed to be making a point of cutting unnecessary costs, but that didn't really address the need to service their ongoing payments to BESTfunds.
Now, those immediate worries about finances aren't a factor anymore.
Transgaming can worry about regular stuff, like making MONEY...
A company makes money and their stock goes up...looks like Transgaming will be making more and more money from now on....