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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 > going to 2$
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Comment by Wonderwonon Jul 06, 2017 10:48am
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Post# 26439427

RE:RE:RE:RE:going to 2$

RE:RE:RE:RE:going to 2$They have yet to make one cent profit, so $20mm is a stretch...do some research on Pinetree and Sheldon Inwentash to see how this one ends (spoiler: bankrupt).  A lot of people got burned on Pinetree.  How about instead of loading up on cheap stock and options he participates at current levels without doing a check swap.  Why isn't anyone questioning why LBI profitability has decreased so much since Quantum took over.  LBI netted $8.5mm (85%) on $10mm revenue and now LBI did $3mm profit (60% before interest) on $5mm revenue (note company is reporting gross now instead of net which is a whole other issue).  That is a decrease in profit from 85% to 60% and this doesn't even include head office costs!  I would love an explanation!
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