Replies to post #42 on B.Riley Financial Inc. (RILY)

[stanley01]

renkcub- paint the whole picture!

We picked up $70 million in owner's equity!!!!

Currently, GAMR's balance sheet prior to merger:
$73 million in assets and $78 million in liabilities-- shareholder's equity of negative $4.1 million

Post this merger:
$93 million in assets and $29.2 million in liabilities-- shareholder's equity of positive $63.8 million... & no need or concern to worry about them needing to raise more capital. Going forward, company of around $110 million in sales and $12 million in EBIDTA.



GAMR eliminating $48.8 million worth of long term debt at a discounted amount of $30 million using the proceeds from the private placement. They will keep the remaining $21 million in cash.

Looks like a damn good deal to me.