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Bullboard - Stock Discussion Forum TRANSGAMING INC. V.TNG

"TransGaming Inc is engaged in partnering with Smart TV manufacturers and international pay TV operators to deliver interactive gaming experiences to connected TVs globally."

TSXV:TNG - Post Discussion

TRANSGAMING INC. > Nobody wants to discuss their fundraising efforts???
View:
Post by stockhousemania on Nov 20, 2014 1:12pm

Nobody wants to discuss their fundraising efforts???

The response is they have enough cash!  They do not!  They have at most 2 quarters of cash.

What are they doing about this?

Please and informed response, not some rant about how great things are and how hockey stick revenue growth is going to save the day
Comment by Kalvin007 on Nov 20, 2014 10:55pm
REVENUE should increase Q over Q that will help sustain the company. It's in the company report, the analysts have said it and I believe it. We will find out next quarter if the new revenue model and partnerships are paying dividends. If so the stock will rise, if not we go to 5 cents and then they do another PP to raise cash or get another loan and the stock goes to 3 cents. Based on current ...more  
Comment by mbbttfb on Nov 21, 2014 9:53am
Wrong-o again. If you had read the financials they had to make a balloon payment as part of the debt renegotiation. That Oberon deal clearly was poorly negotiated and they paid too much. The assets sure haven't brought in any substantial revs either.  The rest of your post is nothing but if, but and maybe. There is nothing happening that shows revs turning sharply upward other than Gupta ...more  
Comment by stockhousemania on Nov 21, 2014 12:44pm
Guys, It is obvious to anybody with grade 6 math, that they are going to run out of cash in six months.   They need to be fundraising.  What is going on about debt payments, revenue growth, etc... They need to raise  - have they hired a banker?
Comment by TJECON on Nov 21, 2014 12:57pm
According to your last KEK post: "I have met every tech CEO in the country", then you should call Gupta.....and ask the question(s)....
Comment by stockhousemania on Nov 21, 2014 2:12pm
He won't tell the truth.   Everything is all roses with him
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