RE:Transgaming begins NOW........
Bob,
Very good resume of the TNG situation.
The turnaround of TNG since Dennis became CEO now officially) as been more than interesting.
Too bad there were no questions to them at the conference call yesterday.
There are more positives coming in the next few months including the sale of swiftshader which should bring more cash. Also, he has reduced expences very agressively and paid the debt.
We have FREE that still provides revenues. Would sure like to know how many subscribers are playing. We also have deals with other major cable companies.
In doing the maths, i believe that we are not far away from being cashflow positive and then Profits.
At the moment, this company is very different then what it was a year ago and we will probably see more changes by end of fiscal 2016 ( may 31st), all of them very positives.
Our worst case scenario at this price is the cash in the bank, and the cash that will be generated by the sale of swiftshader. debt free and gametreeTV for free.
Please do your DD
(very speculative comment: TNG books are getting in order and the focus is game distribution. The deals are in place with most smart tv's, the payment structure is in place, we are on the cloud, we have a strong library, the Gametree TV technology is proven and easy . We are a preferred partner of NVIDIA, Some major companies that we wont mention the name but that start with the same letter than our leading platform, paid a lot of money to construct what we have.... and dont even come close to our technology. We are early in the game and i believe a major will want to take over the company for a ridiculous low price.)
In the mean time, we wait and lick our wounds.
good luck to all
whippet