Tangelo Games Corp. IPRSF

Lanthier hints they are for sale

[Lendlfan]

The most important line in the earnings press release is the following statement James Lanthier made:

"Observers of the games and gaming markets will note that there continues to be robust M&A activity. Management evaluates M&A opportunities in this regard with a particular focus on opportunities that would allow the Company to improve its capital structure.”

Hey basically just told everyone they are up for sale - They want to be bought - now that they have packaged themselves up nicely and built a decent social online gaming company through acquistion that is positive in cash flow. Especially at this market cap of $15 million. 

Wayyyy too cheap - someone will come in and scoop them up at a huge discount to industry peers and have access to all that intellectual content and userbase. Being acquired or merging with another company that can inject capital into Tangelo will help them with their debts.

[copperboys]

Lendl fan  your bang on. Plus third eye just waived indefinitely all principal loan repayments for a notional fee. They want to cash in their equity.  This puppy is up for sale and my guess is Marti will arrange a sale to one of his Latin American contacts. Thank goodness the Israelis are gone.  Would have been an impediment to all of this. Clearly holding onto my shares and going

[HobbyDigger2]

Hi CBs and all, think thats too early for that. For selling this puppy or other pennystocks required a reasonable MC ,good market acceptance and some EPS numbers. Thats not visible before 2017. My guess is a deal in 2017, should be the year of payment for us. I m long in this one. May be someone will trade it dayly. But thats not me. Just looking another one EKG or better CNZ. But just looking not

[Lendlfan]

I personally don't think it's too early. Now's the time, (when the mkt. cap is dirt cheap and discounted), for a partner or acquirer to come in as an angel investor and pump capital into this puppy and ensure it's viability. At these mkt. cap prices, who wouldn't want to come in and try to maximize their return potential. I think we get bough by some unknown Chinese tech

[HobbyDigger2]

Well, no doubt all is possible. Regards HD

[copperboys]

Others must agree.  Someone is chipping away at this thing. A few hundred thousand here and a few hundred thousand there. They are slowly accumulating. Something is cooking. Third eye has given Lanthier lots of room to move via its waiver on the debt obligations.  They want to make money on their coupon and their equity options.  If there is no m and a activity, Lanthier  just

[copperboys]

Every day more chipping.  Something's up chappies 

[GeraldH]

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[lscfa]

The venture with pokerstars will allow it to get some firsthand insight into GEL