TNA announcing today that it's going to sell itself. This was obvious given the growth of the company and lack of interest in promoting it. Purpose was to clean up the balance sheet since 2013 and then sell it off since insiders own around 75% of the stock. I started posting about this stock in 2017 and in less than two years, it's gone from $0.115 to $0.34 with a steady rise.
The next big stock I have been adding is AXM.V(Axmin Inc) or AXMIF on the US side. Axmin Inc has a proven resource and could do the same thing TNA did, go up 10 fold over the next couple years as the company is getting back a proven gold mine that is worth several times the current market cap. Not only that, it's cash flow postive like TNA from a royalty it owns in Senegal and heavy insider ownership.
News below:
Evergreen Gaming in talks to sell itself
2019-01-09 07:56 MT - News Release
Mr. Clive Forth reports
CORPORATE UPDATE
Evergreen Gaming Corp. has entered discussions with a third party that has expressed an interest in buying the company. No definitive terms have been agreed to, no formal agreements have been executed and there can be no assurance that the discussions will be concluded, any definitive agreement will be entered into or any transaction will be consummated. The company does not expect to provide further information or updates until a definitive agreement has been entered into or discussions between the parties have been terminated.
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