TRANSGAMING INC. V.TNG

Graduation to the TSX

[lscfa]

The new $5 million issue may make TNG eligible to graduate to the more senior exchange which will give it more credibility with investors and thus more interest from investors.

[Rothchildish]

You might want to read : https://www.tmx.com/en/pdf/TSXandTSXVenture_IndustrialRequirements.pdf You need a minimum of 50M market cap. Which we don't have as of now.

[domdesm]

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[skyhawk1]

I agree. Scotia Media techs are hot in the US. US investors obviously understand the value of the SM tech sector. The Canadian markets are so resource driven, they haven't got a clue about social media techs, especially the emerging ones. The US senior exchange is the ONLY place for TNG to be listed, eventually, in my opinion. Well, probably the NASDAQ & the TSX out of necessity only!!

[biloshi]

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[trader2day]

Yes i agree a move to a bigger exchange will benefit the company. I just wonder if it will ever be a reality because a buyout proposal could just gobble up the company from a bigger fish. Then it would technically be on a bigger board.. under a new company listing name. "SOLD" or "GULP" Ultimate goal for junior companies would be a buyout offer. Great for shareholder valuation

[yyz123]

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[lscfa]

Column 3 , forecasting profitability has no such requirement

[lscfa]

Column 3 says Evidence of pre-tax cash flow from on-going operations for the current or next fiscal year of at least $500,000. TNG's adjusted EBITDA for the last qtr was $247,000.

[yyz123]

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[lscfa]

elaborate. Do you know the TSX's definition of pre-tax cash flow? How do you knoe they wont accept TNG's definition?

[yyz123]

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[lscfa]

This is not an answer. Do you know how TSX defines pre-tax cash flow? Stop guessing.

[lscfa]

Stop twisting peoples words in an effort to discredit them. I was not suggesting the TSX's definition of pre-tax cash flow and TNG's definition of adjusted EBITDA were exact matches. But they will be pretty damn close. Your inability to deal with assumptions, approximations, foresight is a true weakness.