Tangelo Games Corp. IPRSF

GEL

[jakeman1960]

is earning approx. 40,000,000 dollars a year, a hell of a lot more than many companies that sp is alot higher than GEL.The stock price should be way higher imo

[Bangkokboy]

It's all about that debt that's still lingering. 

[investtoretire1]

This post has been removed in accordance with Community Policy

[Lendlfan]

Exactly. They will have a 3rd party inject tons of equity and hopefully take a 30%+ stake int he company so that they can pay down half the debt. They will issue more shares but hopefully at a very nice premium price of ( I would love to see .15-.20+ cents) -  Then, with the debt problem behind them, they can continue to focus on growth and that Unity platform is what is going to launch

[Champ87]

That's a great scenario Lendl...I like it. Not so sure about the equity raise at this price though. If they do issue more shares, I would expect it to be at a much higher price, meaning a reverse split before doing it. But what do I know...have been expecting a debt resolution for over a year now and nothing has happened yet! GLTA

[HobbyDigger2]

hi Champ and others,  whats going on here? something brewing behind doors. todays action shows a subst. sell off of several parties.  Is that the last light ?  I don,t know.  Anyone in contact with the board?  Sell at this price (  4,5   )  doesn,t  make sence for me.  Anyone to this ? HD

[nervous64]

No offense HD, but $12,000 worth of stock is not a substantial sell off. Sit tight, something is happening. Not sure if it will be beneficial to current shareholders or not, but something is coming, imo.

[Champ87]

Your guess is as good as mine. I've been hearing something's brewing behind closed doors for over a year now and nothing has materialized. Even people who seemed to have some insight close to the company seem to be completely in the dark right now. But from the past couple pr and the extended delay to hear about the debt extension, I think we can affirm that they are working on some kind