Tangelo Games Corp. IPRSF

Op & Info

[Gameon17]

Totally agree that penny tech/game stocks are not for the faint of heart.  I'm sure you've read Cantor Fitzgerald analyst Ralph Garcea's take, but in case you haven't, this is from CANTECH newsletter.  "Garcea notes that Tangelo’s loss of $0.03 was worse than his expectation of a loss of $0.02, as was the company’s revenue number, which he expected would be $10.5-million. The company’s EBITDA number of $3.0-million met his expectation.  The analyst says the company is working through its debt concerns and the acquisition of recent integrations to deliver results he expects will continue to improve.......GEL has an upcoming debt repayment at the end of 2016 – they are close to announcing a positive resolution before year end and are reviewing strategic alternatives with their lender, Third Eye Capital (TEC). In addition, TEC has waived certain terms of their credit agreement and amended the covenant thresholds for future periods – giving GEL more flexibility in the near-term.”"         Not a big fan of Garcea but there it is.