Tangelo Games Corp. IPRSF

cfps by qtr

[lscfa]

Annualizing the latest qtr => 4 x $0.017 = $0.068/sh.....

6 x cash flow => 6 x $0.068 = $0.41 per sh. fair value

	Cash flow	Ave. shs	Cash flow
	from ops	oustanding	per sh.
Q3 2016	3,067,144	179,820,105	$0.017
Q2 2016	1,348,541	176,950,436	$0.008
Q1 2016	1,928,914	170,920,241	$0.011
Q4 2015	800,850	163,299,138	$0.005
Q3 2015	183,047	161,046,681	$0.001
Q2 2015	(707,166)	160,879,299	($0.004)
Q1 2015	(894,417)	128,548,226	($0.007)

[Seadooxp1]

IMO, until they deal with there expensive debt, I think the sp will continue to be stuck.  With that said, I found this interesting in the press release. Tangelo’s management team is focused on its obligations to its lender, Third Eye Capital Corporation (“TEC”), including its requirement to make certain payments by the end of 2016. While the Company is not yet in a position to provide a

[Jpete16]

Their paying out the nose in interest to TEC over 14 million for nine months like come on...  only have $5 million in cash and owe 14 at months end, need a big time solution for sure

[Lendlfan]

Yes that paragraph grabbed my attention too. So either there will be a) a Private placement to raise cash to pay for debt/interest or  b) a strategic partnership/injection of equity into the company to help deal with this debt. or  c) a complete takeover of the company. All 3 scenerios are positive. Even the private placement will be positive because I can't see them doing the

[lscfa]

the lender could accept shares in lieu of cash for the $14 million loan due knowing once financial pressures are reduced the stock will trade closer to fair value...this would give them say a quick 50% upside which is better than extending the loan and earning a crummy 12% int rate. The lender also holds 35 million warrants with exercise price of $0.09 which coould get them a quick double as well.

[Champ87]

Would go for the second option Lendl...they can't dilute more and even if I think there will be a takeover in the next couple of years (by Amaya if you want my bet), I don't think they're there yet. Expecting a big NR in the next 3 weeks...imho