Tangelo Games Corp. IPRSF

Op & Info

[Gameon17]

Totally agree that penny tech/game stocks are not for the faint of heart.  I'm sure you've read Cantor Fitzgerald analyst Ralph Garcea's take, but in case you haven't, this is from CANTECH newsletter.  "Garcea notes that Tangelo’s loss of $0.03 was worse than his expectation of a loss of $0.02, as was the company’s revenue number, which he expected would be $10.5-million. The company’s EBITDA number of $3.0-million met his expectation.  The analyst says the company is working through its debt concerns and the acquisition of recent integrations to deliver results he expects will continue to improve.......GEL has an upcoming debt repayment at the end of 2016 – they are close to announcing a positive resolution before year end and are reviewing strategic alternatives with their lender, Third Eye Capital (TEC). In addition, TEC has waived certain terms of their credit agreement and amended the covenant thresholds for future periods – giving GEL more flexibility in the near-term.”"         Not a big fan of Garcea but there it is.

[Marenzio]

Time to pick up another 200,000 shares, this has got to take off soon.

[mancer7]

We are now at 0,05$ and what can we hear from tangelo? Nothing What are they waiting for to give us an update.

[Bangkokboy]

Ppl have lost faith as almost a mil traded at an all time low. Expecting them to announce another arrangement with TEC for another penalty.. Since this happened last year and we thought something was in the works and nothing materilaized it appears they're in trouble to make payment rather than using those funds for something else. Hate that jerk 0ff Gerald but appears he's getting the

[lscfa]

TEC is not your typical lender.....it may switch hats and go into private equity mode, make a going private offer for say $0.15, and basically steal the company from shareholders......then after a couple of years go public again for $1.00 per share.....

[Bangkokboy]

Wow, that almost sounds illegal.  Wouldn't that be a kick in stones with him coming in at 0.30  and sell for half.  Hypothetically of course. I was praising Lanthier when he first came on board since he was instrumental on a couple of takeovers from previous companies he was with.  Now I'm eating those words. To tell you the truth, I liked what IMP had done, whereas a