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Bullboard - Stock Discussion Forum Seven Aces Limited - Ordinary Shares ACEXF

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 Discussion

Seven Aces Limited - Ordinary Shares > Where r you guys get your information from?
View:
Post by TMAZZ on Oct 23, 2016 7:39pm

Where r you guys get your information from?

I have some concerns when I read the following from the financials that were released in July.

Please do enlighten us where your getting information on revenues stream .....

THE AUDITORS issued a warning of continued operations.

This companies is trading like it just won the lottery. 

Click below link and see page 3

https://www.sedar.com/GetFile.do?lang=EN&docClass=5&issuerNo=00008019&issuerType=03&projectNo=02508342&docId=3953089


Emphasis of Matter Without qualifying our opinion, we draw attention to Note 2(a) of the consolidated financial statements which indicates that the Corporation incurred significant operating losses, has a working capital deficiency and has failed to satisfy the release conditions prior to the release deadline of the bought deal financing. These conditions, along with other matters as set forth in Note 2(a), indicate the existence of a material uncertainty that may cast significant doubt about the Corporation’s ability to continue as a going concern.
Comment by uptick144 on Oct 23, 2016 8:06pm
They now will earn 7 million US profit per year.  The 20 million is for expansion in Georgia gaming.  Meaning way more rev and profit.   This is ground floor of a huge play.  Awesome deal!   This company as of tomorrow with a closer active multiple is worth 35-40.   The relationship and inevitable expansion in the Georgia gaming market is worth ten times that! gl
Comment by largeinvest on Oct 23, 2016 8:38pm
I guess you have been under a rock.  You quote the going conern of the auditors and have paid no attention to the $40 million CND loan?  Name another venture company that gets a $40 m loan.  No one.   Now wait until tomorrows NR which will lay everything out for you.  
Comment by TMAZZ on Oct 23, 2016 9:51pm
I may have been under a rock, but that come back really doesn't add much depth. Instead of the quick dash and quacky comments why not provide some insight. From my findings so far and I did say so far,  This is one confusing company looks to me they were into the health care business and now are re-inventing themselves into the gaming business which will be done thru a large share ...more  
Comment by uptick144 on Oct 23, 2016 10:10pm
Go to sedar its 33 million available I believe 13 mil now 7 million per year profit huuuuuge
Comment by largeinvest on Oct 23, 2016 10:23pm
I have the entire powerpoint presentation of the deal, however there is no point in me posting it here as all the numbers will be updated in tomorrows NR.  
Comment by 1annacotsteel1 on Oct 24, 2016 6:43am
i only see on sedar posting of their interim results as of August 31 If its not on sedar, then where is it??
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