Rosario,
You have accused me of damaging the company, though I sure don't know how. The reality is you are doing far worse damage. Making predictions of quickly achieving $1.00 per share (post 2227) is ludicrous and potentially very damaging to shareholders. How can you even remotely justify a market capitalization of over $130 million dollars? Assuming management is correct and they can achieve a profit in the 4th quarter, though we don't know how much profit, have you calculated the needed PE ratio?
I think it is great that you were able to speak with the CEO. I agree he has a great deal to clean up. I have been flamed for pointing out some of those messes, but whatever. I still don't understand rewarding past management with a significantly reduced option exercise price.
I was speaking with an industry associate the other day, while trying to do some research on bingo in Great Britain. I was attempting to find out why they have not adopted electronic bingo systems up to now. I was told that they have a very restrictive limit on player spend, thus the viability of electronic bingo was questionable. The only reason to use these systems is to remove the physical limitations from bingo. I believe bingo to be one of the few/only forms of gaming that physically limits how much the player can bet / spend on a given game. Has AGTI and the Edwards group found a way around this limit or has there been a recent law change?
I have been looking over the financial data of MGAM, trying to determine the profitability of their market leading MegaMania game. The game has been very successful with players and I believe that the Native American facilities are doing well with the game. However, the bottom line profit margin and dollars to MGAM don't appear that significant. If the competition over this market segment gets more crowded and aggressive, the margins given over to the tribes will grow and the remaining profits will decline. My concern here equally applies to GMTC and AGTI, as both of them have or are developing a product for this market. Some of the competitors, including GMTC, have held up due to legal uncertainties, but it could get crowded quickly as these issues are resolved.
I believe that a focus on further expansion of the basic electronic business is where the best opportunity for revenue and profit growth will lie. Again, this applies equally for all of the various competitors in this market. I intend to formulate a similar post over on the other thread.
Just some thoughts to stimulate some discussion. Of course there is always past musical careers and aspirations. Maybe it was the head banging, foot stomping discussion that brought us the Peyote inspired share price predictions.
tgs59 |
