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Tangelo Games Corp. IPRSF

"Tangelo Games Corp is engaged in developing and selling social casino games. The company primarily designs, develops and distributes social casino-themed games within online social networks such as Facebook, Mobile platforms, Portal and other. It derives revenue through the in-game sale of virtual coins most of it is accounted through Facebook."


GREY:IPRSF - Post by User

Post by nervous64on May 31, 2018 7:34am
103 Views
Post# 28103858

Q1 Released - Once a DIAMOND now just COAL

Q1 Released - Once a DIAMOND now just COALRevenue down, assets of $70M including "Intangibles" valued at $50M!  "Intangibles consist of software, customer lists, technology, brand, assembled workforce and non-compete agreements acquired from the acquisitions of Tangelo Israel and Tangelo Spain during 2015."  $50 million dollars for their list!  Shareholders would be better off if they just sold the list they value at $40M!  But wait, there's more, $100,000,000 of liabilities.  Once again, was a diamond, now just coal!  JMO
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