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Bullboard - Stock Discussion Forum Integrity Gaming Corp. V.IGAM

"Integrity Gaming Corp is a provider of gaming equipment and project financing to owners, operators, and managers of casinos and other regulated gaming venues. The company focuses on U.S tribal gaming markets where it leases and distributes slot machines, electronic table games, casino, and bingo equipments."

TSXV:IGAM - Post Discussion

Integrity Gaming Corp. > WHERE'S THE GUARANTEE - BIG DREAMS OR BIG PBLUNDER ?
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Post by Wangotango67 on Mar 22, 2016 11:28am

WHERE'S THE GUARANTEE - BIG DREAMS OR BIG PBLUNDER ?

This is utter bullsh-it -   If there are major players on this play - where were they when the price was easy buying up to the next level ? It sat - and didn't go up - Gotta love that....


Just look at our price - PYD  has had plenty of time to accumulate shares in a buyback - and like Joe had stated in a prior post - they earn in USD - and the stock is in CDN - a significant discount if ever they thought of buying back shares.  Hell - other companies do it - look at China - Those exchanges almost enforced companies to do a buyback.... Hello  !  What's with North America - and the ROLLER RIDES - ? Its more like - take the investors money - use investors to fund businesses - gain in assets and grow - and then fff em over in the end.... ????

Someone posted this morning - a $2.20 target ?   Again..... i would need sound information that the company is sitting on something to garner a perfect guarantee - that would enforce it would reach such a targeted price point  - Hell even $1.00  would suffice - but - where's the guarantee - ???

So far.. i see no guarantee - as we all know in trading  - Prices are investor dependent - then throw in lots of resistence.... i would like to see a solid guarantee - something ot the tune of - HEY Shareholders - we have something good in the works- and it will not only guarantee a price stability after a roller- but it will move it beyond imagination after the roller consolo - 

Lets just say.... I don't feel all rosy when i hear i might  have 10 times less shares.... and about 10 monthsa after my intial buy in .... 


1 - They chalked up over 3 million in Q-3    (with partial tax back - kick back )

2 - They just secured 4.5 million from PDS - like what's happening with that money ? Absolutely no news on those funds.

3 - And of course Q-4 has about 2.1 million - so far - TBD.

4 - Is this a BLUFF ? to do a buyback - or the real deal - and head shaker ?

5 -  Why do the shareholders have take the bite on cash investment with no sound guarantee ?

7 - Shareholders fund the majority of it - Even though there is private funding that kicked their fair share of cash in - the significant amount of shares sold in share offerings did it - made it happen  -

8 - So why should shareholders have to suffer - with no - absolutely no hint at all - that PYD  has something big planned - that will guarantee a catapult of SP -  to provide a safety - so shareholders could be confident - and say well... o.k. but only if on the - back nine - after the consolodation - they have huge news - like really huge - alreasy secued - that will dwarf the present status of the company and like - grow it 5 times bigger - even 10 times ?
I would be in favor - if there was something huge that was guaranteed - but again look at hte percentages ofprice now and gians ot be made - vs a stock at .50 cents and what increases are needed inorder to gain the same.... THERE IS NO COMPARISION.... PERIOD.
A 5 cent stock and each time it increases buy 1 cent is far more advantageous than a .50 cent stock and its gains....

 05 cent stock gains 10% when it rises to .055 cents
.50 cent stock has to rise to .55 cents in order otachieve the same 10%

On the same platform or exchange and using 1/2 penny increments - that 10 times 1/2 penny increases to acvhieve the same... . 

9 - This company just-  just -  just - begun - and not even a year after the share offerings - the company is considering a consolodation of 10-1 ?   Was this all along the plan ?
Get as many shares as possible and then roll them back ?

10 - I'm not ffffffffffff  impressed at all -

11 - i did read of one person on their staff that did this SORT OF CONSOLO with in another company - and yes - though that company did sky rocket in price -  - - - - - it does not suggest that pyd at present will sky rocket in price  - - - - - given the current economic status..... Different times different results....

12 - i bought a significant amount of shares - beleiving that  the company would finance all their machine placements - not suck the share vault dry....

13 - i was somewhat pissed - when the share offerings were under way - to discover - there were two - yes 2 rounds of offerings - which i only thought would be one round -

14 - i was doubley pissed - when i found out Tonkawa 600 machines - that contract was tacked on with Integrity -

15 - i was thirdly pissed - when i found out that 5 million was added to the over all purchase price of Integrity with the renovations of Tonkawa - all these extra add ons -

16 - I can't beleive  PYD  is actually considering a roll back - and with all that cash in hand - and not once paying tribute ot shareholders - and saying.. they'd like to do a buyback with cash in hand - and @ 100,000,000 million shares bought bacck @ 5 cents = 5 million dollars
and if converted to CDN - its then a mere - $3.8 million USD..... 

Like where is that idea - why is this idea not being considered ?  A buyback ? Is this a one track mind set ?  All fixated on the easy way - without care for the shareohlders ?

17 - So if 3.8 million could purchase 100 million shares - double it up - $7.6 million - USD - purchases 200 million shares - leaving 145 million shares out....

18 - with 200 million shares in their custody - that would show confidence in thier own company = after all - the current news with con solo - states pyd has a sense of confidence with their current business operations - hey - they're proud they're doing well - and that ....

19 - That brings me to my next question - if companies are doing well - do they - roll back shares ?  Or do they keep growing and move forward .....

A - Advertising ?  Where the hell is our advertising ? Get their name known
B - Spend a lil funds $$$ on promotions and get other investors interested
C - Keep growing and
D - Buy back some shares - to show confidence - and no not 100k at a time - lol
E - Or do thery sit back stop advertising - and do nothing - hey we all know what that feels like
F - Or - Take the easy road -keep cash in hand - and consolodate the shares?

Usually companies that can't make money - do consolos - so if pyd is making money - then is this just an easy fix  ?  I would like to see a guarantee - what do they have planned firstly -
If they were at 12 million EBITDA - OR EVEN EXCEEDED THEIR 10-12 MILLION EBITDA - I WOULD CATCH THE HINT LOUD AND CLEAR IF IT WERE HIGHER NUMBERS REPORTED  - BUIT I ONLY SEE THE BARRIER OF EXPECTATIONS - 10 MILLION - NOTHING EXCEEDED.
AGAIN - I NEED A LIL MORE FAITH - INSTILLED - .   TO FAVOR A ROLLER  RIDE.... 

If pyd came forth and told us a lil more of whats going on - the news has been thin - future outlook - theres been lots of silence in what plans they have - besides the original - theres been an aweful lot of silence - and with last press our price didn't  do so well - which is un fff beleivable .... 

and i know and have seen other companies - if they want their price to esacape the bottom feeding penny rats - escape the single digits - then they should do one thing.... they get down to business - they secure major contracts or advancing about the company - and keep it rolling in - till we see 5 news releases per month for like 6 months consecutively ......


Ive always said -  there's one thing to run a business - but when it comes ot advertising  - letting other knows - its a whole other game to gain a following  - yes..... its a whole other world when it comes to advertising .... PYD  started good -and went flat.... right when there suppose to kick it up and really advertise.... hmmm !

I beleive pyd is doing well - but delivering news in sporatic dumps - will not advance a stock prtice... there is too much resistence out there - and to fight that ressitence .... it takes tons of news like 5 7 news releases - per monthly round.... Ive seen other companies do it .... and it seems to spark interst along with ample advertising ....  - and when investors see consistent news - they gain a confidence - and thr stock price moves.. pretty simple -

Suppose pyd gained a good contract -  and with 750  machines - then i'd  send out the news in 150 per news release - No - i would state al l750 art once - it difuses the news and its all over till results come in - instead - i would say .... pyd is deploying 150 - and then another press - another 150 - then - anpther 150 - i would do this 5 times - than just once.... and then a tally total - stating total contractonce all deployed -750 - slot machines.... when theres limited news -there is nothing to support the price-  especually in todays society - seems most want news and excitement every day.... the minute a stock sits idel with no news.. its fair game to chip away at share holder confidence... hence my idea of having a system that if a company asdvances or grows a guaranteed price movement occurs and with a set pricve that it cant lower any further - i think this free frawl trading places companies and shareholders in a postiio0n of roll back choices.... it supports such a system.. .my way - would eliminate roll back -  outcomes - placing the shareholder with a higher value to the company - and company gaining in price accordingly to a third party who is unbiased - and whe nyou think about it - would this be al lhappening if a system a[praised comoanies accordingly to the formula and if so - would this be haooening if our stock was priced to where pros have assessed it ?  I think our stock would have a far greater chance in escaping a roller ride - again - such a present system seems to box in companies - whereas they have no choice but to use the roll back methodogy.... All because their stock is not valuated upon each advacning... and if valuation formulas state its worth more - but its not shwoing in price.. wheres the flaw >???    


We al lknow what happens to news on the stock board- after one day its all said and done - 2 fgood days of stock movement if your lucky.... so we wait 4 months for 1 day of movement and nothing really happens ?????

 

Just like the acquisition of Integrity -= we seen lots of trade ressitence - and it cooked our price from rising -  after seeing that- does the news become old fast - ???? You bet it does....
So -  such news - must be prepared to counter the resistence - and dispersed accordingly....
More of it - stretched out - to counter resistence if resistence is present... Some stocks are lucky - some have no resistence....

At the end of the day....  I sure wish they'd consider a buy back of shares...

I'd rather see PYD  have in thier hands 200 million shares - what would that look like to investors ? A confidence in company .... After all the new news out kinda relays such a confidence in 2016 going forward - so..... why a buy back ?  If the company is supposidely doing well and projected ot do well - why notstaythe course.... ?

If they did - it would be far more benificial seeing a company holding lots of its own STOCK- and once the stock did rise - it then becomes advantageous to the company  - the higher the stock price the more captial the company has - owned in shares - to later sell and grow al the more... Again... .9 months after Integrity ?  hmmmm !

If the consolo goes through - it will take the stock going to $3 dollars - an equivelent price point - to where i wanted to exit the stock - compared to what i have now and where i wanted to exit at a resonable price point  - and very close to where others have stated a projection.

Can pyd guarantee me that the consolo will take this stock to $3 dollars - ??????

Do they have that ACE CARD - incredible news on hold - servera lor major contracts secured like now - right now - and after the consolo - release the BOX OFFICE NEWS-  - to provide a guarantee that the price would jump- - like really jump - and keep moving up \?\

If not.. then this so called roller ride - im NOT  in support of.... 


Again... this is not the good ole days of stock investing...Its not an new entry -  IPO - this stock now has a history - and a lot of shares and is just begining to gain in revenues ... So - is this such a good move ?

Are we being let down the garden path ?  Again - show me a guarantee - thatthey have something big - REALLY BIG - that will take this stock to a whole new level .... And that would take incredible news - and i have to think only one good thing... what are they doing with their money they've made - money PDS  gave them... and now  - Q4 AND Q 1 -

IF THEY DO HAVE SOMETHING REALLY BIG - THEN FINE. .BUT IF THEY THINK THE OFFICIAL Q4 RELEASE AND Q-1 ONE MONTH LATER IS THERE ACE CARD.. I'D LAUGH.... THEY NEED MAJOR NEWS IN CONJUNCTION OF THIS.... AND LOTS MORE NEWS TO FOLLOW.... 

I shudder the thought....!
What next after consolo ?  A buyout and still get ffff'ed over...... yet again ?  
Sorry ot think this.... I have toooooo !  Seems investors are al lon thier own in these shark infested stock ponds.... Who knows - anymore ..... !!! 


Didn't Macy state that such a consolo idea - wasn't even at the board level discussion - not even being considered - and   BAM !  Now it is ?  ( info from poster on board )

Again - not even 9 months after the Integrity acquisition - and a roller ride is considered ?
What the ffff ?  Not even a share buyback is considered ? 


Do i have faith in PYD ?  Yes and No - its seems its become rather confusing....
Will there be more shareholder slams in the future - like a buyout after  the 10 - 1 roll ? 
What's al lgoing on?  

Can pyd guarantee us they wont sell us out after the consolo - like what if the price drops - hate to be that slap happy naieve twinkie - but - my eyes are wide the fff open - and thinking of al the what if's....

Can pyd guarantee us there will be significant news - even greater than what has happened thus far like 10x more powerful moves thatwill take the stock beyond dollar status ?

What would our valuation be then - if a consolo did occur?

Will the market treat the stock  innediately - adjust it immediately - beyond the .50 cents due to the less amount of shares - or is it still investor dependent to rise the price ?

Hence - my wish of seeing a market hird party value stocks - based on a set formula -and not being so investor dependent - 


and instead of  taking it from 5 cents - or if it drops will the price be from 3.5 or ????
Who determines the final number - is there an averaging - for price point ot do a roll back ?

And once its rolled - can pyd guarantee us it will rise even more? they need ot build a lil more confidence in its shareholders to allow us a comfort zone - of knowing more of whats going on....

Set up for a  buyout ?  Consolo happens price drop further - and they're scooped up ? 
 Sure would make it easy for a buyout.... HMMMM !

PYD NEEDS TO DO ANOTHER PRESS RELEASE AND STATE - THERE'S A CONFIDENCE THAT THEY HAVE SOMETHING AMAZING - LIKE OFF THE CHARTS - TO SUPPORT A CONSOLO PRICE - AND THAT IT WILL GO SKY HIGH - AND NOT TO WORRY - THAT THE PRICE WILL DO AMAZINGLY AND GO TO WHERE SHAREHOLDERS HAVE ALWAYS WANTED IT TO - IN RATIO COMPARISIONS OF THE CURRENT PRICE AND PROJECTIONS... 


My main question is ..... if its 5 cents and a 10 to 1 roll occurs - it will go to 50 cents -

what will our valuation be then ?  based on only 35 million shares out ?  (approx)

Will our board be filled with nay sayers who always seem to have a smart a-ss answer - and always crush the reason as to why the stock is stagnenet or wont rise ....

if the stock sits @ .50 cents-  then i'd like someone to show mee the numbers of $10 million EBITDA - 2016 - and 35 million shares out  - cash they have supposidely in hand - q-3 q-4 and PDS -  like ... why not a buyback ????? hmmmmm  !

If there's no really big news - multiple news - to guarantee and protect the new price from a rollback status onward.. and no big news lots of news - and like beyond multiple news to get the price immediately over a dollar - THEN I SAY  - FFFF IT .... I stand a greater chance in exiting at my entry than play this game of prestige with no guarantee...  Results are needed by cvompany - and advertising and news in the multiples.... Teaching investors that the shares out have worth attached to assets - almost like a cancellation - teaching investor to look athigh volumes of shares out and not including asset value - is like teaching investors to dismiss a tangible valueand strictly focus on a negative.... Too much fixation on a shares out negative -begets - favors - roll backs... At least i see it this way..... Newbie  !


I'm not happy - with my stocks - they're down and they suck - and theres never any guaranteee  -  So - i want more of a guaranteee from pyd that something big is in the works - if so - then i might change my mind - otherwise if theyre hping the offical release of q-4 and q-1 will be the push and suppoort for new .50 cent price  - then i say.. . its pretty weak idea.... it will take lots more ot drive this puppy really up - andthat means major news and lots of it ... nonstop....

Otherwise - who knows what is in store after a consolo - i have little faith.... I need more of a guarantee.. . and all i cant think of is the mon ies they have still in hand from PDS- and their own monies.... ???????

My hopeful idea was they do a buy back or another company comes in - and since the stock is at a cheap price - buy up lots of shares - and the new company forms a partnership  - holding lots of shares of pyd - a partnership -

Companies who are making moniesbuy back shares - other companies roll back for self gain - very few succeed whe na roll back occurs - and like i suggested - there has to be some sort of news that supports the new roller price andthen some sort of news in the multiples - that takes it sky high.... if they're thinking q-4 and q-1 will do it .... i will  be greatly disappointed.... it will be the same sh-it happening whatwe have now.. .they advance and grow and press out 2.1 million - and atleast we grew in price by a whole 1 cent 1.5 cent.... that is better than nothing.... on the other roller side - if no super duper news is secured - the sharks will gladly attact the new roller price and - again - if they dont have something incredible and in the multiples.. .it could work against them...  

Cheers !

Comment by newbie11 on Mar 22, 2016 11:35am
Agree with you on the share buy back thing. Maybe we should suggest this alternative to management as the consolidation is only proposed at the moment. As for your comments of any possible take over offers after the consolidation (if it happens) I'm not sure why we wouldn't like to see suitors appearing (at the right valuation)?
Comment by VPofFNE on Mar 22, 2016 11:44am
To anyone out there who has never financed a company before, most debt arrangements prohibit things like a share buyback when you are not inside typical debt covenants. I would suggest that Poydras has two covenant issues: 1) DEBT to EBITDA ratio. This should be below 3:1 at the highest. FYI, that's at trailing 12 month EBITDA, not projected EBITDA. 2) Debt Service Coverage. Since Poydras has ...more  
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