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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 Teflon2Hypeon Jan 02, 2017 11:58am
113 Views
Post# 25659125

RE:Ending 2016 on the bid

RE:Ending 2016 on the bid"Mr Macy has always stated management intentions and followed through with timelines given"



I will not debate that statement given that his "Word" has always amounted to some form of spending someone else's money to build his empire. I will admit he has definitely kept his word in that respect.

Now will you please point me in the direction where he has ever given his "Word" as to a time projection or event formula for when he expected bottom line profitability from slot machine leasing and bingo supply sales to occur?

You won't find it in over 2.5 years of written and oral statements by him. I guess he doesn't want to be accused of breaking his word....even if it is only a best intent non-binding forward looking projection that would be of paramount interest to any seasoned investor contemplating putting his hard earned money down on this play.


Sidenote: He unnecessarily spent a boatload of your money to clear out creditors at a lower interest rate so 1 prime higher interest creditor could have near free and clear claim to the assets. Every penny of this company's tangible assets are now legally spoken for. Do you have any idea why he went to all that trouble and expense to set that stage?

I am kind of the opposite. I would pay off higher interest loans with lower ones and I would diversify business creditors so no one entity had a controlling stranglehold. I guess the Poydras model has a different business objective than do I or my peers.



Image result for hit by a train

Hey, where did all the other bidders go?
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