Bullboard - Stock Discussion Forum Tangelo Games Corp. IPRSF

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"Tangelo Games Corp is engaged in developing and selling social casino games. The company primarily designs, develops and distributes social casino-themed games within online social networks such as Facebook, Mobile platforms, Portal and other. It derives revenue through the in-game sale of virtual coins most of it is accounted through Facebook."

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GREY:IPRSF - Post Discussion

Tangelo Games Corp. > Debt

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Post by Seadooxp1 on Mar 31, 2017 6:22pm

Debt

Don't they have to address the debt deadline by the EOB today?

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Comment by lscfa on Mar 31, 2017 6:35pm

....the jackasses announced on Jan 10/17 an extension of the debt due on Dec 31/16 so don't be surprised is this goes past deadline again

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Comment by mancer7 on Mar 31, 2017 9:14pm

Tangelo Games Corp. ("Tangelo" or the "Company") (TSX VENTURE:GEL) announced today that it is negotiating an extension of its principal repayment obligations to its lender, Third Eye Capital Corporation ("TEC"), scheduled to come due on March 31, 2017. TEC has been closely following the Company's discussions with third-party investors and strategic ...more

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Comment by Champ87 on Mar 31, 2017 9:48pm

"TEC has been closely following the Company's discussions with third-party investors and strategic partners and has agreed to support a strategic transaction under appropriate terms." I really like that part. Have a good weekend!

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Comment by TooTall00 on Apr 01, 2017 11:14am

Having this long to try and figure something out without success deosn't put them in a position of power and I don't see this having a positive outcome for us. Jerry I don't want hear anything from you unless you are proving any of the vapour you have been spewing. Still waiting on your post on the 30 cent range calling the downturn.

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Comment by amgod666 on Apr 02, 2017 4:57am

the positive outcome is they are still negotiating and still not bankrupt

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Comment by Lendlfan on Apr 02, 2017 5:04pm

Their user base alone is worth 3X what the market cap of the stock is currently, let alone what their proprietary tech is worth. Many of today's social companies have user bases worth billions....we have 55M users....that's worth more than $5 Million alone. This company isn't going to go bankrupt. They will be bought out eventually. Like Warren Buffet always said, " ...more

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Comment by Champ87 on Apr 02, 2017 8:51pm

I agree with a buyout in the horizon, but I don't think they're quite there yet. I believe a merge with a new debt structure will be the next step. But jmo...are you still a buyer Lendl?

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Comment by Lendlfan on Apr 03, 2017 4:35pm

I'm a holder right now....but not yet buying....waiting to see what deal they strike with this strategic partner first. Also, this whole CEO thing has thrown me off a bit....

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