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Asia Entertainment & Resources Message Board

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  • drjackcar drjackcar Feb 18, 2011 6:48 PM Flag

    here's what is up

    "Totally wrong on your guess about needing more cpaital. Management has stated that they have sufficient capital based on the warrent exercise."

    Here, in a nutshell, is why you are wrong. "That was then, this is now."

    The cage capital they had following the warrant exercise was adequate for the tables they had and helped them get more profit out of those tables (see the Dec. RCT announcement). But the offer from Galaxy, if accepted in full, adds 50% to the number of tables they'll operate. That will require more CC to make those tables highly profitable. Is it possible they can operate more tables with the current CC amount. Sure. However, IMO, they'll need more CC to handle that many more. I'd hate for them to pass up that opportunity for the lack of cash. So I say raise some.