OTCPK:TNGZF - Post by User
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SBAASTOCKS11on Apr 28, 2016 10:14am
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Post# 24819862
RE:RE:RE:RE:Share price and future
RE:RE:RE:RE:Share price and futureThey have over $16mm cash in the back, and the royalty income payments are still consistent, in what is going to be a poor Q1. They have plenty of liquidity, and the IFRS change is good for the long run.
They basically gave the street everything negative in the drawer, and I would say that was the smart thing to do.
The co-founder leaving may be a blessing in disguise, as I would say he made some poor decisions, and was canned fairly quickly because of it. Mr. Parry will use the right levers to move this back to where we just were. Q4 was outstanding, but that is over the top, as we cannot expect that pace of buyouts. This investment is based on the stability of the royalty payments, which although not strong in Q1, still stable enough. Buyouts are added liquidity for the company, which they returned in the form of the increased divvy. Which is safe at just arounf 100% payout even without the buyouts.
I would say the 2H of 2016 will be strong, and we shall find the $0.70-0.80 level once again.