Seven Aces Limited - Ordinary Shares ACEXF

Good financial

[JamJam123]

Total Revenue       1,546,812
Total Expense       3,692,497
Among expense biggest part is
 
Professional and advisory fees     2,415,922
 
General & administrative expenses for the three months ended November 30, 2016 increased compared to prior three month period. The increase is mainly attributable to the legal, consulting and acquisition costs relating to the LBI acquisition. Also the depreciation and amortization increased due to the property and equipment acquired through the Acquisition. General & administrative expense for the nine
 
So let’s be  conservative and take last q
Professional and advisory fees     for going forward  which was 1,50000
 
For one month LBI added 1.1 million on net income so for 3 month it will be 3.3 mil
SO expected income for next q  3.3 additional income -1.7 loss+(2.4 mil-1.5 mil)=2.5 mil
 
Add 2 new acquisition that has combine revenue 4.4 mil + 10% growth
 
And wait for a year to get refinancing done they will be rocking…..

[JamJam123]

made a mistake Total Revenue       1,546,812 Total Expense       3,692,497 Among expense biggest part is   Professional and advisory fees     2,415,922   General & administrative expenses for the three months ended November 30, 2016 increased compared to prior three month period. The increase is mainly

[Wonderwon]

LBI made 1.1mm for the quarter of which 49% goes to anil, not quantum.  Then to top it off SSG (which are costs to operate the US gaming operations) lost $1.2mm...so Quantums operating results on the recent acquistion is a $600k loss...then add in all the head office costs.  Do you think when revenue increases management is not going to pad their pockets more? It will be years before

[lscfa]

Anyone know what the $996,293 operating expense for Southern Star Gaming is all about?....