GREY:ACEXF - Post by User
Post by
JamJam123on Dec 30, 2016 10:35am
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Post# 25653361
Post from a friend of mine
Post from a friend of mineI called CEO of $QIC today. Very confident. Really knows the biz. I can backup jamjam statement on the percentages. Also talked about previous negative incident where they booted out past management. Income is actually a bit higher in pre tax - about 9mil. Most of the 155 mil shares are held and there's only about 20 mil in float. The way the game machines work now is on a lottery algo due to the state now regulating the market like OLG is for Ontario. Machine payments agreed upon with 5 yr renewals and the cash ppl win at machines is paid out via redemption vouchers to be used which is great for places of business.