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Tony G Co-Investment Holdings Ltd C.TONY

Alternate Symbol(s):  BGRDF

Tony G Co-Investment Holdings Ltd is a Canada-based investment holding company. The Company is focused on investments in companies operating in the longevity, blockchain, cryptocurrency, payment processing, syndicated credit, online commerce, longevity and online gambling industries, including companies or other entities that service such industries. The Company’s investment objectives are to opportunistically invest in a portfolio of companies operating in the sectors, assist the portfolio companies in the development and growth to the extent possible through the provision of capital, subject to the availability of funding, and financial and operational advice.


CSE:TONY - Post by User

Comment by golddoggoldon May 01, 2019 8:16am
234 Views
Post# 29693486

RE:RE:RE:April 30 - any news on the financials?

RE:RE:RE:April 30 - any news on the financials?In the grand scheme of a new business finding its legs, there will inevitably be contractions. Giving this another read this morning, I’m thinking this is a healthy one:

1) Cash tightness invokes a healthy and serious (re)focus on sales. A new director of sales and marketing and a new head of sales were put in place April 16. (Seems to me 1m MGX shares trading at $0.26 today is only shortfall of $260k. With 1.625m BGRD shares being returned and cancelled, re-issuing at $0.10 is $162k; or $0.15 is $243k; etc.)

2) If and until more financing, there’s a healthy motivation to be operationally efficient. Good to see reallocating personnel to a product/service that they’ve identified as a market opportunity.

3) Partnerships and alliances remain from this year remain (see various 2019 news releases). New partnership with USCO announced here. They claim R2G didn’t receive anticipated funding - so better to end a relationship with a customer that doesn’t pay. Hopefully they learn some lessons and move on. This won’t be the only customer with issues given the industry’s somewhat wild west phase.

Better to grow / scale off of a solid foundation. I’m going to continue accumulating.
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