Integrity Gaming Corp. V.IGAM

Feb 25 filing on SEDAR

[Allah_says_BUY]

Has anyone talked to Macy about the Feb 25 filing on SEDAR.  It looks like PYD is preparing for a major bought deal with a brokerage to issue tens of millions of cheap shares to pay for  the Integrity take over and the Tonkawa deal.

At the current stock price we could be diluted so much just to raise a few million dollars that all the potential earnings from these deals won't mean a thing when divided into such a massive number of shares.

The more PYD dilutes, the more it guarantees a stock price under a dime for a long time to come.

Why are we not just issuing a junk bond at 6% or 7% for acquisitions that can bring in over 30% ROI.  With QE now starting in Europe and every currency in the world falling against the U.S. dollar, lenders all over the globe would love to buy debt guaranteeing a decent interest rate in U.S. dollars for the next few years.

[biggerr]

if they do that they will be breaking their promise to issue shares between 18 and 40 cents The aggregate purchase price (the "Purchase Price") for the Integrity Companies will be approximately USD$17 million comprised of: (i)      the assumption of approximately USD$6 million in outstanding debt;

[Allah_says_BUY]

No, the shares for 18 cents will come out of PYD's treasury, but the $5.5 million still needs to be financed because PYD now has less than $4 million and needs it for ongoing work, repayment of the many small debts they incurred for the RTO, etc... They also need cash for the 600 machine Tonkawa deal and for any new deals going forward. They must be thinking about issuing lots of new shares

[biggerr]

it's a posibility if nothing else works but I think they are negotiating a loan for that

[blomskompskies]

Thanks Allah for your post. Nice to see min of .18 cents PS...just need to bounce twice as high to get there...Come onnn News