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Seven Aces Limited - Ordinary Shares ACEXF

Consumer Cyclical Leisure
Seven Aces Ltd is a gaming company with a vision of building a diversified portfolio of gaming operations. The corporation looks to enhance shareholder value by growing organically and through acquisitions. Currently, the corporation is the route operator of skill-based gaming machines in the State of Georgia, United States of America.


GREY:ACEXF - Post by User

Seven Aces Limited - Ordinary Shares
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Post by rjunioron Oct 28, 2016 9:44am
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Post# 25397571

Spoke w/CEO yesterday

Spoke w/CEO yesterday

I spoke with QIC CEO yesterday Manu Sekhri: 'Lucky has little debt, with expected profit of $13million this year. Thats a growth of of 44% over last year. We can show positive cashflow history from now on. Once we do show cashflow positive we can refi but that may be a while. Nonetheless we can show cashflow next quarter.'

CEO also mentioned that they have not drawn the other rest of the funds. It remains as credit at their discretion without interest expenses. He does not have any further acquisition at the present but will be looking.

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