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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 skinnybob123on Jul 21, 2018 1:44am
75 Views
Post# 28348145

HOW CAN

HOW CANThe combined entity between diwip and Akamon which would have reduced costs and synergies now have less revenue and EBITDA than stand alone Diwip in 2013?

SERIOUSLY GUYS

according to imperus, diwip highlighted revenue of 28.3mil USD and 14.7 mil USD EBITDA in 2013. With 1.3 exchange rate, that's 36.8 mil CAD and 19.11 mil CAD EBITDA?

from 2013 to 2018 social gaming industry has steadily grown. How can this be then?
1) THEY LIED ABOUT DIWIP NUMBERS
2) THEY GROSSLY MISMANAGED THE ASSETS FROM 2014-PRESENT

whichever it is they screwed shareholders!
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