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Tangelo Games Corp. IPRSF

Technology Electronic Gaming & Multimedia
"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

Tangelo Games Corp. > Akimon deal
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Comment by lscfaon Sep 11, 2015 10:32am
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Post# 24095956

RE:RE:RE:RE:RE:RE:RE:RE:Akimon deal

RE:RE:RE:RE:RE:RE:RE:RE:Akimon dealCorrection:

Mgmt did NOT explain that Diwip's is in the early stages of moving from web-based games to mobile games and the loss was due to an increase in marketing costs to accelerate adoption of  Diwip's mobile apps. In other words, mgmt is investing cash flow back into the business to grow it.
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