Poydras stcok price held pretty good...
and i'm sure i'm not alone... in thinking why it did. The Integrity deal - has so much attached to it... opportunities that is.
What baffles the mind - is how investors treat this acquisition in the short term... and for some odd reason can't grasp just what happened. Though it felt like a pinch from a doctors needle - the antidote that was purchased - will hopefully be the fix to a greater future.
Besides the share offering - Poydras in my opinion - made a quantum leap forward... Im surprise how investors fail to realize - how much the Tribal industry is growing... lots of activity Stateside and in Canada.
With Integrity acquisition pretty well all said and done - I'm moving forward in thought - placing my mind set in a forum of - expectation for the next big news.
I tend to look at it this way.... If the Integrity deal had no fringe benifits - meaning no access to future possibilities - there would\ve been no reason for Poydras to pursue the packaged deal - aggressivley as they did.
I'm hoping there's more to this - with additional incentives - ( more contracts - expansions - and more profits to be made ) to give reason - as to why Poydras persued the Integrity deal so adamantly. In other words - theres got to be more good news coming our way with this recent acquisition. Fingers crossed.
Though Integrity came with a price - more shares - I'm comforted in knowing there was something acquired in the end. Sure beats some mining stocks - where the shares are offered out just to keep the company afloat...
Lets hope this Integrity acquisition establishes Poydras in a gaming arena - whereas -
Integrity now has an exisiting clientele base - to nuture.... with immediate future sales and services. ( had to stress it again ) lol
Earlier today - I reviewed the Corporate Presentation....
It was a good refresher - and gave me a sense of reassurance in knowing Poydras - will have much more clout in the industry - They're certainly growing... and fast... That's what i love about this industry... so indifferent to that of the mining industry - where an investor waits for months - for news.. And God forbid the mining company is North of thr 49 - good luck in getting news - during the winter especially with Jr's. lol
The way it looks... Poydras will be in a very good cash position - year end.
If another deal does come up prior to year end.... I'm hoping things will transpire in a different manner - in terms of - acquisition or financing arrangements - terms that favor shareholders...
Making it a celebration for three - and not just a cup of tea for two.
Poydras - is now leveraged and set in position - with a far greater potential - in a league that offers something tangible - especially with the Aurora acquisition - Poydras can now offer current and new prospective clients a product and of course - services and casino products that do add up over time.
Lets see if management can wave their magic wand again...
I'm hoping for a few more treats that will add some sugar, to this bitter sweet acquisition. Back to back news would be great - with a spark of new business from one of the Integrity Casinos.
Yes... i remain positive...
- A breif sumation - news from stockhouse - Company CEO, Peter Macy, commented, “We are excited to announce this financing as it provides us with the capital to fund both the placement of 600 machines with the Tonkawa Tribe of Indians of Oklahoma and the acquisition of the Integrity Companies, adding approximately USD $15 million in estimated annual revenue for the Company.”
He summed up, “This financing will give Poydras the financial flexibility to aggressively pursue our growth strategy.”
Read more at https://www.stockhouse.com/news/newswire/2015/04/14/poydras-gaming-v-pyd-rolls-forward-growth-strategy-with-$11-5-equity-financing#7jGfdrEaPrPv64ae.99