Tangelo Games Corp. IPRSF

Cantor update report Jan 28, 2016

[lscfa]

Q4 Beat Cantor expectations, Canto maintains a buy rating, $0.50 target price, $0.75 to $1.00 if mgmt hits guidance.

[nervous64]

Can you provide a link or copy and paste please.  Or PM me.  Thanks.

[Yo_Dog]

Good to hear Cantor maintains it's target price. Would be nice to read it .... I hope they can manage their debt w.o. an equity issue.

[Champ87]

They could choose to pay the 1M$ fee and avoid that 14M$ payment due by mid-february. New equity raise would be the worst case scenario imho.

[lscfa]

Cantor believes the stock will rise, the warrants will be exercised and the proceeds will be $33 million. This will pay down debt.....

[Yo_Dog]

Thanks. I'll dig through the filings to see where they are priced, but if memory serves me they are much higher. Question is; does it have a chance to get that high based on what we are seeing? I personally disliked the financials. They need to do significant work on the company or it;s in trouble. 

[Bangkokboy]

What part of the financials did you not like? Regarding their debt, this is not news, but as mentioned earlier in the week the pay down of this should be their priority this year.   The significant work I can assume you mean is cutting of dead wood and bringing back investor confidence?  IMO, I believe they've already started this and perhaps there's more to come

[Yo_Dog]

They will take a long long time to pay of the debt based on current financials. I understand there will be cross selling .... will that generate enough cash to finance the debt. They have a significant interest on that debt and maybe that's what the company is trying to reduce.  I agree investor confidence is low. But they did it too themselves. Try calling them on their contact number -

[lscfa]

They should have reiterated 2016 guidance in this latest NR.... November 10 NR said: "These results speak to the strength of our social casino business, and underscore the rationale for our decision to focus Imperus exclusively on the social casino market opportunity. We look forward to closing our acquisition of Akamon and enjoying the significant strategic benefits which we expect

[Bangkokboy]

Valid points. But it appears they've turned the corner, but it's imperative they focus on debt reduction and maybe an alliance with a carrier. I would not be impressed with another acquisition this yr just for the sake. As iscfa posted, I'd be pretty happy with those numbers this yr. Scr turnaround on inquiries is a couple of hours at worse. If you're in "social" gaming