Post by
Lendlfan on Aug 30, 2016 2:10am
Lanthier
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 $15 million.
Wayyyy too cheap - someone will come in and scoop them up at a huge discount to industry peers and have access to all that intellectual content and userbase. Being acquired or merging with another company that can inject capital into Tangelo will help them with their debts.
Comment by
amgod666 on Aug 30, 2016 9:08am
wouldnt be bothered to be bought for 1$/share ;-)
Comment by
Champ87 on Aug 30, 2016 1:45pm
I also had 1$/share in mind at the beginning of the year, but don't know if it's realistic seeing how the sp has drifted the past few months despite good revenues. What do you think would be a reasonnable offer? 0,25-0,30$/share? Btw lscfa any comment from Cantor about Q2 revs? GLTA!
Comment by
GeraldH on Aug 30, 2016 6:16pm
25-30 cents? not too shabby, so at least you are looking to recover half your money back. Love the pipe dreaming lol
Comment by
1969Enigma on Aug 30, 2016 8:32pm
Strong Business Fundamentals - Yahoo Finance https://finance.yahoo.com/news/tangelo-reports-2016-second-quarter-233510495.html Read more at https://www.stockhouse.com/companies/bullboard#pmSmTw0cJ8Yq9zD4.99