SwingTrade Member Forum

[BuzzOnDaBeach]

Brigamortis, my last comment on TTGG,

Listen to the CEO interview. The electronic bingo games are like slots. They simply collect revenue on them with very little expense. Their net profit on the division last Q was 35%. They are projecting 1 million in revenue this year, 800% growth, while maintaining the same net profit margin. That's 350K profit for that division.

Overall, they lost 400k last Q, but only 100K was cash. The rest was non cash charges. They will fund the biometric ID division w/ the 950K (of which they already received 150K and the rest is expected in July), so there will be very little expense related to the ramp up of those sales, and they already placed 2 units in casinos in Q1. They expect profitability for that division by Q4.

Add to that European sales w/ the German division, and they're targeting Italy first, and the co. could have net earnings of close to a million by year's end.

I think the biggest confusion is a misprint from an old template regarding the OS at the heading of the last Q filing, and the share structure. They retired 87 million shares on a financing deal they cancelled, then issued 10 million restricted for the overseas acquistion. The OS is 39 million, 10 million restricted, and insiders own around 7 million, so float is about 22 million.

Buzz