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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 > Good financial
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Comment by Wonderwonon Jan 30, 2017 9:21pm
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Post# 25775514

RE:RE:Good financial

RE:RE:Good financial LBI made 1.1mm for the quarter of which 49% goes to anil, not quantum.  Then to top it off SSG (which are costs to operate the US gaming operations) lost $1.2mm...so Quantums operating results on the recent acquistion is a $600k loss...then add in all the head office costs.  Do you think when revenue increases management is not going to pad their pockets more?
It will be years before they clean this mess up..how much dilution in the mean time?

The smart move would have beeen to vend LBI into a clean shell, then shareholders would have something to smile about.  I don't think anil knew how bad a shape quantum was in or he didnt care because they paid him a crazy price for a business he could replicate (i.e. no proprietary tech), just connections

I think if they pump this, the shorters will jump all over it, lots of shares to borrow. 
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