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Integrity Gaming Corp. V.IGAM

"Integrity Gaming Corp is a provider of gaming equipment and project financing to owners, operators, and managers of casinos and other regulated gaming venues. The company focuses on U.S tribal gaming markets where it leases and distributes slot machines, electronic table games, casino, and bingo equipments."


TSXV:IGAM - Post by User

Post by Wangotango67on Jun 29, 2016 12:33am
56 Views
Post# 25007339

So what is the - percentage share ownership - per holder ?

So what is the - percentage share ownership - per holder ?

Yes... I agree Joe - the name that comes ot mind - that's seen buying shares - the name that sounds like the former -  French sonic  plane - sure is going to town buying a ton of shares - they haven't stopped buying.... wow -

Which begs one to ask - just what is the new percentage tally - of who owns how many shares - and how many big players are there ?

On the Corporate presentation page13 - fine print - It states - As a result of the acquisition - Integrity's founders own 11.3  percent of Poydras' outstanding common shares.

Then ask - who else has a large interest in common shares - count back to the acquisition when Poydras had share offerings - and aswell others who've took part in financing - then - how about prior to the Integrity acquisition and then during - then consider - the consolodation of prior companies or interest and their ownerships - as per topic of shares.

In fact - how many shares were outstanding prior to - the company changing into the gaming sector ?

On another note -
One poster commented that macy owned how many - hello - add those shares to the total tally - and it certainly begins to add up in the direction of larger interest -

So..... we now sit at 34.5 million (+/-) common shares.

Which reminds me - another poster made a comment on the debentures - please do forgive if i don't use exact words from that poster - but it read along the lines of - the company wanting to buy up the debentures? Is this correct ?

So - what picture is being painted ? 
Apparently we're undervalued - and a larger interest is scooping up a ton of shares... and if 11.3 is owned by holders inside the company the former Integrity owners - then who else has a large interest ?

What i get is this... there doesn't seem to be hardly any common investors -  but rather - moreso larger holders - my theory is based on the present trading going on - seeing what borkerages are trading more often - whose doing the majority of buying and then comparing this stock to other stocks that see a ton of common trades - as per common interest - smaller holders. This stock certainly doesnt act like other stocks....

What have we shareholders seen since last year till now ?  A ton of annon action - and a name that's similar to the former French plane - lol

My wish ?
PYD - buys out the lil guys - smaller shareholders.... lol
Question is - exactly what is that percentage of smaller interest ?
How much is left >? would it be even feasable or practical for the company to do so ?



THROW THE DICE - QUESTION:
If a listed company has a form of partnership - an outside interest that has dealings with a listed company - and together - they both decide to do business - on 50% 50% percent  basis -

Remeber - only one of the 50% is a listed company - so the question is - what is the normal practice of a listed company - do they - should they - show all revenues earned - both revenues from each interest in a - total sum - even though they're partnered or have a shared revenue interest ?

Or is it common practice for a listed company to only show 50% - just they're own revenues - just their own portion - and dismiss the other partner or interests revenues ?

Again - If a company is listed -  doing busines with another - should they not be able show all revenues earned - a combined - and in the latter - when it comes time to do accounting - adjust it then? 

Im no accountant - but when it comes to financed or leased revenues... and if a comapny is listed ... whats the normal proceedure - can they - should they - must they - list all revenues ?
Would it not be better if they did - meaning - showing just how much the slots make in a total sum? But the real question is - are we seeing it - or are we only seeing pyd's 50% adjusted figure ?


BUT, BUT, BUT... ?
But, what if the second interest is a private interest - not another company - but merely an investor - hence - leased revenues and finaced revenues ? 

Personally - I would like to know just how much these slot machines do take in - in such an arrangement of finaced vs leased - and 50% split - menaing - if the revenues are doubled in the category  of finaced slots - but pressed as - only showing pyd's portion of 50% - then why not 100% revenues showing - a press that states the total fianced slot revenues - and not just the 50% portion of pyd's - the listed companies revenue - at least not until the adjustment in accounting ?

Not sure if this is the case for pyd .... but if it is .... I think it would benefit the company all the more - if they showed the greater revenue sum (total combined)  vs showing the lessor - a 50% revenue - just pyd's portion. ( adjust portions of revenues - in the accounting ) 

What i'm trying to say is this... Partner A + Partner B - decided to buy a house together - they paid 500k then resold it for 700k total  = profted 200k total  = each earned 100k total - - what is the correct term to use - when speaking of total sum and percentage portion ?

Should all figures be stated - and later - adjusted in th accounting for tax purposes  ?
Should each partner boast and say they resold it for 700k =  total sum market value - what it fetched what was made ? 
What if only one is a listed company - should they announce all figures - then adjust the 50% ?
Should each speak a combined earning - 200k?
Should each speak only what they each earned - singualr - as in 100k? 
What's most important - when it applies ot a listed company ?
Should stating a total sum be in order - though only 50% share interest - so long its adjusted in the latter ?

See what im trying to say - what's more benificial to a listed company ? Stating all or only 50% they're share - Again, maybe - maybe not - pyd is dong this... all because....

- Reference -
Page 14 of the Corporate prsentation page - fine print - using an adjusting of   50% for its share of earnings - why isnt the figure of 100% being used - since its a listed company - and adjusted only - come accounting time ? Shouldnt they boast what they've made in a total sum - with another - especially when listed ?

Note: I may not fully understand this sort of separating - financed from leased - or the 50% thingy when it comes to adjusted - but then again i may be onto something - indeed, it's quite confusing. Perhaps all the revenues are shown 100% - and later is adjusted in the accounting... Anyone care to iron this out - bring clarity to it ? I'm not trying to hinder but help company and shareholders - and the question is what are the rules ot this and what do other listed companies do - has anyone seen another company whose partnered and do they list total revenues then in the latter adjust it - or do they only press 50% as well |_ again - hopefully ive not misunderstood page 14 - 50% pyd share?


Any guesses ? 

Wish i knew more about accounting .. and its practices... to tired to research this out tonight... im just trying to see if it would benefit a company moreso - showing total revenues - vs 50% just their portion -  if this is the case - maybe its not...


Sorry - if i've been repetative.... lol 
Too tired to proof read .... hopefully you get what i'm trying to say.... lol

Cheers !

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