Integrity Gaming Corp. V.IGAM

Macy and CFO - hosting the conference call -

[Wangotango67]

Now Joe - I don't know about your forward outlook - saying just wait till next spring.

When i surf the stocks and see other companies no where near the caliber of pyd - and no where near the revenues - advancements - and withoout considering this past roll - look at this stock price ?

Its like this.... if a JR.  company  struggles and has nor much - they're critisized - and thus - it shws in the stock price - 

Now if a cmpany excels, and breaks away from baby JR  status - and manages t earn some revenues - they're again hyper crtisized -

i ask.. where is the  retribution for company's that come from nothing - gain something - and are producing a revenue ?

If the focus is on the earning of a revenue - there is a success that gets over looked-  is it in the control of a shareholder how a company spends those revenues ?  NOPE -

But it sure is conveneient to throw that in the equatrion.... to mix with the positive....
Im thinking if a company earns a revenue - state the revenue .

If theres a positive with out depreciation - state the positives... cash wise...
Then, with the nitty gritty accounting of write offs and depreciations...
state a secnd accounting -

i think that would be far fairer - than posting one format - all grouped together - whereas the cash positives get lost in translationm in the accointing - and frces the company to press a loss .

How is that fair for shareholders ?

 i have waited 1.5 years....  and my investment is still - not par. 
Waiting till next spring - is not what i want to hear another shareholder - type on the board.

Add to this - where is the support from larger interests ?

I am no accountant - but im thinking with each and every new contract - there are many  advantagous write offs like depreciations - etc.... that woork for a company - benifit a company - but not as a bottm line - for shareholders.

A company will surely want to claim such expenses - its a given - who wouldn't - but at the end of the day - - - - - the bottm line is showing negatives -

i wish they could separate the write offs and depreciations - and show two different types of accounting - one with pure revenues - earned - and the other that appeases the legal aspects shoiwing the write offs... 

therwise-  each contract has many write offs...and when applied to a stock and shareholders look for growth and revenuesbut if the positives get lost in the accounting .. .then?


Suppose a contract has a term of  - 7 years -  NOW what if the write offs and depreciations etc... are for the entire 7 years ? Does that not mean - the entire cntract term - there will always be write offs - right or wrong  ?   What if the ratio of write offs always exceed the psitive gains and the company always shows a loss?  Is that possible ?

So the question is - when could  each contract show positive cash flow ?  It just may, but what if the cmpany has more write offs ?

Why can't the contracts be written up - whereas the slots are paid over entire term of contract - and show immediate positives ? 

If pyd secures yet another contract - will it be a postive contract - or will it be a situation of - its earning great revenues - but in the iimmediate - theres far more depreciations - write offs that place the contract in a negative  andf favors a company ?

Even with the consolodation -  it may free up more capital - but will it still be a case of accounting and write offs - for the entire term of each NEW contract ?  

PYD cculd  advance and grow all they want... but if the accounting benifits the company in write offs depreciatins -  (again what company would not want to claim) but, but, but... if a shareholder never sees a positive cash flow - because of this - then helloooo !

Listed companies - should have a different sort of accounting... 

ACCOUNTING  TWO TIER SYSTEM-
1 - system that recognizes gain for the shareholders ( press relesse )

2 - a system that also recognizes the accounting benifits a company practices for write off's and depreciation.   ( sedar )

this present system -
whereas a company presses great news - advances - but shows a loss?

 I like pyd - i dont think its their fault - its how the accounting system at present - has to be filed  in such a way - but sadly - the advantages are greater for a company to claim - vs - not claiming and showing a positive  and benifiting the share price.

Does this make sense ?

I maybe wrong... Please do forgive if i' am wrong ...  if i didn't explain it the right way ,hoping to explain what i feel from a stance as a share holder...

From my stance, being relatively new to the markets... and always seeing positive advances company grows exponentially in revenues- but seeing negatives in earnings - doesnt make any sense... .Yoou cant keep growing if your not earning... they're earning but the write offs are being utilized - two teir acconting please.... designed for the listed companies that caters to the system in legal format and the other in revenues for shareholder performance. 

Just my opinion, dont take it as fact, i know not much about this subject, just a simple view from a common shareholder that very well may be - not understanding what the hell im trying to address... lol

Go PYD ....

PS
Joe, that is not a good coverage link.... look how they wrote it... grrr !