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Tangelo Games Corp. IPRSF

"Tangelo Games Corp is engaged in developing and selling social casino games. The company primarily designs, develops and distributes social casino-themed games within online social networks such as Facebook, Mobile platforms, Portal and other. It derives revenue through the in-game sale of virtual coins most of it is accounted through Facebook."


GREY:IPRSF - Post by User

Comment by bringon10baggeron Dec 19, 2016 3:43pm
96 Views
Post# 25621039

RE:RE:RE:Third Eye Capital Payment

RE:RE:RE:Third Eye Capital PaymentYes marti does have a vision to be a larger company but their existing debt position prevents it, unless they dilute the company more but a merger could be in play with a company with cash to pay down debt and get larger simultaneously. My opinion Tangelo did not reflect synergies quickly enough and Q2 seems to be have an increase in expenses, fishy, when they supposedly reduced staff by 25%....playing into the next arrangement?
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