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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 > Lucky bucks audited financial in sedar
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Comment by Wonderwonon Jan 19, 2017 11:20am
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Post# 25728136

RE:Lucky bucks audited financial in sedar

RE:Lucky bucks audited financial in sedar Hey Jam,
Reviewed FS, have a question for you or anyone, as I am scratching my head

1. If Lucky Bucks is cashflowing so much money from operations and distributing money to the shareholder, why does Lucky Bucks need operating loans?

2.  Why are the loan interest rates so high if this business is such a low risk cash cow?

Why wouldn't Lucky Bucks use its cashflow to reinvest in the business?
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