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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

Comment by VPofFNEon Jul 16, 2016 10:07am
44 Views
Post# 25058512

RE:RE:RE:RE:Those 230 machines should be producing revenue any day now

RE:RE:RE:RE:Those 230 machines should be producing revenue any day now T4H is right about the trading yesterday, I doubt the volume had anything to do with Macy being in Toronto this week, except maybe someone at Raymond James deciding to take a small position at these levels. T4H is wrong about the PP though, they aren't looking to raise money, instead he was here looking to restructure the debt - which is REALLY needed - and I haven't heard if he was successful or not. 

I'm encouraged by one fact though, and that's the amount of stock that Canaccord has purchased since June 1st - 684,600 shares (over 45% of all the stock purchased during that time), and have sold only 179,700. They have always been the firm who has been closest to the company, and I would expect that they would be the most up-to-speed with how the company is performing. 

Continued revenue growth is essential, as is a favourable debt restructuring. These two things combined should hopefully get the company delivering positive cash flow. 

VeeP
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