Integrity Gaming Corp. V.IGAM

Hey Joe - date Sol a con - ? Consoladate - lol

[Wangotango67]

Happy New Year to you -

I like your optimism in your last post - all but one - thingy - lol

Your claim to believing in management and then say - consolodation - is this not a contradiction ?  I would have less faith in management if this move ever occurred.

You see Joe - my belief is -
I got into this play - thinking it would be a pure play - not only with leasing but how they would acquire the contracts - i honestly thought it would be a pure finance play - just the one round of shares offered - and less shares used - and what ever contracts they captured - would be a simple financing - two way - three way split - always a profit portion going back to pyd based on slot performance - never did i imagine such an amount of shares would be used - 


Going forward - if what you wish for..... did occur - i would lose all faith - and yes.. i would definitely not vote for such a move.... A simple calculation proves that - if one ever did experience a consolodation - it never benifits the shareholder - who in their right mind would want to recieve less shares - a 10:1 ratio in your example - and think that price would hold ?

There's no guarantee the price would remain solid - all because the revenues aren't quite there to sustain such metrics.... And that would mean it would be a 4th blow to shareholders...

1 - the stock didn't move forward  = on the Integrity acquisition
2 - the stock went retrograde - ever since the acquisition - even with growth and showing
      positive revenues
3 - if ever a consolodation - less 10x the shares ( your example Joe )
4 - i also beleive it wouldn't sustain in price due to - present revenues not
     sufficient - pyd still in growth phase. thatwould be the 4th blow.....


i'm not for consolodation - i could never be. And i will assume you only mentioned such a topic - which has never been brought up - to my knowledge by management - to get the sh-it stirring on the board ? right...?  lol

If management used such shares - and investors to get where they are now -  then here's the perfect opportunity for pyd - to buy back shares - a retribution of giving back and a respect to shareholders.... hey.. were at an all time low.... grrrr !

I am at a loss - to how you think such a move to consolodate - would ever prove positive.

- HYPOTHETICAL - ANY COMPANY -
500 K SHARES bought at .12 cents = $60k
500 k SHARES stock rises to .30 cents = $150k

- IN TIME - STOCK DROPS - JuST LIKE IT HAS - GRRR !
10 to 1 - consolodation @ 5 cents ?
500k shares = 50 k shares x .50 cents = $25k

In order to achieve the same profits for the investor - the stock would need to rise to $3 DOLLARS 500k shares 10:1 rolled back = 50k x $3 = $150 k -

With my simple intelelct of stocks - PYD doesnt have the revenues - no where near to commnad a $3 dollar stock value.

In conclusion - i would rather pyd buy back - or remain as so - and keep trucking forward - and acquiring contracts - and in time - the revenues that increase will counter the amount of shares out and eventually raise the SP -


Cheers !

[Art35]

Share consolidation.  I will give you one example of company I did own shares in but I gladly sold before the consolidation took place. Aurcana V.AUN They did a 8:1 consolidation when the stock was trading at .15 in 2013 in effect SP = $1.20 Say you owned 10,000 shares @ .15 = $1500 After consolidation you own 1250 shares @ $1.20 = $1500 Then a couple of years go by they do some financing

[Riverfolk]

I spoke to management before the holidays and asked about share consolidation, I was told that the board and management have not discussed a share consolidation