So now you own a piece of EZ Pai Gow as well!Quote: SOOPOOI bought shares in DEQ, too, for the same reason.
Well done! LOL
Quote: SOOPOOI bought shares in Galaxy yesterday, just to be able to tell Dan what to do! It is a penny stock now, but with the ever expanding number of casinos, and thus spaces for table games, I think it may turn out to be a good investment. I bought shares in DEQ, too, for the same reason.
stock symbol for galaxy?
and i never knew deq was so low?!
Quote: 100xOddsstock symbol for galaxy?
GLXZ
Quote: rdw4potusGLXZ
And DEQ is DEQSF
They are both very small companies, and thus thinly traded. I only bought 2500 shares of each, more to talk about than to make money on!
Stereotypes aside, I hope it works out for you and Dan.
Dan.
they would do much better playing Keno.
Be careful with both of these issues. Soopoo is going to make money on his DEQ....I have less conviction on Galaxy at this point, but PaiGowDan knows a bit about table games so we will have to see what kind of impact he can have.
Disclosure: I have been long DEQSF since March of 2011 and picking up more on dips (i.e. when someone just puts a market sell order in for 10,000 shares and the price drops $0.075 in a day)
Quote: SOOPOOAnd DEQ is DEQSF
They are both very small companies, and thus thinly traded. I only bought 2500 shares of each, more to talk about than to make money on!
You never know, I bought 1k in SiriusXM at $0.08/share and another 1k at a little over $0.60/share and it closed at $3.15 today.
Quote: Mission146I bought 1k in SiriusXM at $0.08/share and another 1k at a little over $0.60/share and it closed at $3.15 today.
Good score!
It NEVER works that way when I (or anyone I know) buys a penny stock. I quit buying penny stocks about when I started playing craps. Unfortunately, the results are the same. And I don't get the tax deduction for any craps losses.
Quote: ParadigmI reiterate Soopoo's remarks, both are thinly traded stocks you must buy in small quantities and use limit orders or the market makers can crucify you for an extra $0.05 per share on execution. When you are talking about penny stocks, that ends up being 15%+.
Be careful with both of these issues. Soopoo is going to make money on his DEQ....I have less conviction on Galaxy at this point, but PaiGowDan knows a bit about table games so we will have to see what kind of impact he can have.
Disclosure: I have been long DEQSF since March of 2011 and picking up more on dips (i.e. when someone just puts a market sell order in for 10,000 shares and the price drops $0.075 in a day)
Both GLXZ and DEQ have their strong points although DEQ has a market cap around 3x that of GLXZ.
I've always liked DEQ as they control the "EZ" games and from a management perspective: they're competing nicely against SHFL in the table games space. GLXZ always seemed more of a gamble although they seem to be making good progress lately with Bonus Craps, 21+3, and the deal for 3-card poker in the UK. From what I remember about that deal, once they pay it off in around 5 years or so, they should be making good money after that time. Of course a lot can happen between now and then. I was always of the opinion one or both will be destined for SHFL in the long-term, although at least in DEQ's case, the acquisition cost would be too high, most likely.
Quote: Mission146You never know, I bought 1k in SiriusXM at $0.08/share and another 1k at a little over $0.60/share and it closed at $3.15 today.
Very nice Mission....I had like 2500 shares of SIRI bought at $0.40 but sold after doubling at $0.80....was worried about their debt load (like I am with Galaxy). Hindsight is 20/20 and you made a better decision to increase your position, where I sold mine, well done!
Galaxy may be in the same boat as SIRI, perhaps they can come out the other side of the debt tunnel, it has been since before the Webb acquisition that I studied their financials.
I think if you keep these high risk, speculative plays to like 5-10% of your overall portfolio and they are companies that you know the industry and what they do and can read the financials to understand their specific hurdles, you can make some money in micro caps.
SIRI and DEQ are the only micros I have ever owned and I know a lot more about DEQ's market and financials than I did on SIRI.....that was likely one of the reason I took the money and ran on SIRE, I was a very weak hand there.
Quote: MakingBookGood score!
It NEVER works that way when I (or anyone I know) buys a penny stock. I quit buying penny stocks about when I started playing craps. Unfortunately, the results are the same. And I don't get the tax deduction for any craps losses.
Thanks!
I got pretty lucky with that one, but it was part luck, part research and part intuition.
They just had those contracts with auto manufacturers, so even though they were essentially begging for money, it was clear to me that the ability to repay was there and they would eventually get it. Just built in subscribers with new car sales, beautiful thing, great original programming...and it's one of those things that many people don't really think about if they don't have it, but if you do, you want to keep it, so people tend to re-subscribe when the free period runs out.
Quote: ParadigmVery nice Mission....I had like 2500 shares of SIRI bought at $0.40 but sold after doubling at $0.80....was worried about their debt load (like I am with Galaxy). Hindsight is 20/20 and you made a better decision to increase your position, where I sold mine, well done!
Thanks, I got lucky! It's just one of those things where a company is trending positive, and quickly, you can either realize your gains or double down...but rarely will anyone just sit. I usually sell off a stock after gaining or losing 20%, but Sirius just seemed incredibly strong on subscribership with all of those auto manufacturer contracts.
Quote:Galaxy may be in the same boat as SIRI, perhaps they can come out the other side of the debt tunnel, it has been since before the Webb acquisition that I studied their financials.
I think if you keep these high risk, speculative plays to like 5-10% of your overall portfolio and they are companies that you know the industry and what they do and can read the financials to understand their specific hurdles, you can make some money in micro caps.
That's true, it's one of those situations...with smaller companies...where if you're really willing to do your reearch you can have aq slight edge simply by knowing more about a company's fundamentals than the other investors.
Quote:SIRI and DEQ are the only micros I have ever owned and I know a lot more about DEQ's market and financials than I did on SIRI.....that was likely one of the reason I took the money and ran on SIRE, I was a very weak hand there.
It's vice-versa for me, I've never really looked into DEQ.
Quote: SOOPOOGalaxy reported good results and is up 26% today. I wonder if Dan is now being recruited by Intel, Microsoft, Google......
Yahoo and Facebook need more help:-)
Quote: rdw4potusYahoo and Facebook need more help:-)
Not as much as Apple.
ZCore13
pump and dump?Quote: SOOPOOI bought shares in Galaxy yesterday, just to be able to tell Dan what to do! It is a penny stock now, but with the ever expanding number of casinos, and thus spaces for table games, I think it may turn out to be a good investment. I bought shares in DEQ, too, for the same reason.
Galaxy is 0.31 today, all time high. This was only based upon 2012 numbers. Looking really even better with High Card Flush in 2013!!!Quote: Zcore13The Galaxy train was rolling well before Dan got there and will continue well after. I'm telling you right now so you can come back here and look it up later, 2013 will be VERY good for them. The Bonus Jackpot System, Three Card Poker in the UK and High Card Flush are going to make them a lot of money. I say the stock doubles from .25 in the next 12 months.
ZCore13
ZCore13
ZCore13
ZCore13
Conference call is today at 1PM PST, that will provide some color on the 2012 Financial Statement announcement.
They seem to be making some good progress with new jurisdictions (Louisiana & Maryland) and High Card Flush could be a great new premium game for them....the next 6-12 months will tell them if that is the case via no/limited removals of initial install base.
Business definitely looking promising for them....personally I think Bonus Craps is the best craps side bet out there because it provides action mid roll. You don't need to make a point to have your Bonus Craps bet make progress towards winning. You love the mid roll horn numbers as they are the hardest slots to fill on the All/Small/Tall bets.
ZCore13
Quote: Zcore13The big increase in revenue is going to come from the Bonus Jackpot System. That's really going to help there 2013 numbers.
I think they are coming out with the re-vamp of this system, correct? I thought on the last conference call Rob Saucier discussed that the initial system was not competitive but the new version was going to address all of the short comings they saw in the original BJS. I may be mixing items up here, so don't quote me on this......is the 2013 the roll out year for the new BJS?
Small Gaming Company
SHFL has a market cap of less than $1B and certainly cannot be classified as more than a mid-sized company.
This makes Galaxy a micro cap and that label doesn't mean anything as it relates to their competitiveness/viability. It is just a Wall Street label for their market caps.
You have to love the after hours bid/ask spread! I am showing: Bid $0.175 Ask: $0.59
Use limit orders if interested and keep that order size limited to the Ask Lot size. Don't even think about an after hours execution!
Quote: Zcore13The Galaxy train was rolling well before Dan got there and will continue well after. I'm telling you right now so you can come back here and look it up later, 2013 will be VERY good for them. The Bonus Jackpot System, Three Card Poker in the UK and High Card Flush are going to make them a lot of money. I say the stock doubles from .25 in the next 12 months.
ZCore13
stock symbol?
nevermind: GLXZ
The Bonus Jackpot System is up and running and being installed, including at a few larger Casinos. It's a very easy to use and flexible system. It's also affordable and it's not a SHFL product which every Casino likes.
I'll have to look at NYNY, but with the economy, growth of Tribal Casinos, soon to be legalized online play and other factors, I don't see a lot of good in Las Vegas properties.
ZCore13
I assume this is same Galaxy Gaming? If so, that is some really bad news for shareholders.
Quote: Pokeraddicthttp://www.vegasinc.com/news/2013/may/17/board-tells-las-vegas-table-game-maker-stay-out-ca/
I assume this is same Galaxy Gaming? If so, that is some really bad news for shareholders.
I feel this is part of a very unfair and never-ending witch hunt again Rob Saucier; he has always been very fair and decent to all, and 100% above board in all of his transactions and personal interactions from what I have seen for dealing directly with him in the industry.
I now work for the gentleman, he's always been totally professional and curteous, I mean 100% of time. I - as well as all who work with him, - have never seen anything out of place or improper in him at all, in either his work place transactions or personal interactions. The list of misdeeds that is claimed against him, I am unconvinced and very skeptical about it.
in Nevada. Sounds like a con man's con man.
'We'd look at that and find whether there's an issue related to the company in Nevada in terms of integrity or suitability, Nevada State Gaming Control Board Chairman A.G. Burnett said. If the denial in the other jurisdiction means the same thing as a denial here, we certainly have the ability to take action against that company in one form or another, depending on what the denial is.'
I think the Vegas Inc article is the opposite of a puff piece, - a hatchet job. Ancient history long since properly resolved, stirring up old accusations with what are essentially personal character attacks. What I find strange is that a derogatory opinion of our CEO was lodged way back in 2002, was utterly and operationally immaterial for over a decade, - and it now appears in this article today in 2013.
Galaxy Gaming is a very well-run and forward-looking company, in full compliance with every regulation required of Galaxy. Everything's proper, and any examination of Galaxy will bear this out.
Quote: Paigowdan
Galaxy Gaming is a very well-run and forward-looking company, in full compliance with every regulation required of Galaxy. Everything's proper, and any examination of Galaxy will bear this out.
And you know this how, exactly. You've worked there a
few months and you're privy to all the inside info? How
is that possible, Dan.
Sounds like this related to issues in the late 90's in Washington State.
I am not going to pretend I know anything beyond these two articles, my point is that I would be really concerned about this is I were a shareholder.
Edit: The Sun article has been expanded since I first read it. Those are some serious allegations, no business license for four years, lying about his education, financial issues and more - WOW.
Quote: EvenBobAnd you know this how, exactly. You've worked there
few months and you're privy to all the inside info? How
is that possible, Dan.
I've been in the industry before going to Galaxy, and saw how they operated, which was very professionally and fairly. Currently, as their manager of table game development, I work with each state's gaming commission to keep us and our games in compliance, and all products and claims as to these products are 100% accurate as seen with my own eyes in my own office at Galaxy. I attend all company-shareholder conference calls along with Mr. Saucier, the CFO and other department managers, - and every statement, claim, and future plan announcement made are accurate as it relates to every project, plan, and dollar. From personal experience working there, I can say that I have personally worked on or seen these exact projects and in progress there, and as stated, all done with integrity and transparency. No problem at all with Galaxy concerning their products and business transactions. That's how.
A lot of the stuff thrown at Rob Saucier is pre-Galaxy claims, or extra-curricular items (child support, old DUI statuses, Claims about the casino he ran eons ago and supposedly resolved, or some derogatory complaints from an ex-employee of his from 14 years ago, etc.)
ZCore13
The two things about it are, one, almost everything is from years and years ago. If it's possible to turn over a new leaf, it seems he has. And two, these allegations have been known in the industry for many years and as I mentioned, other States have continued to approve Galaxy Gaming for business and Galaxy is thriving with no problems anywhere they do business.
I don't think there is any doubt he made mistakes, pretty big ones. I can't even say with 100% certainty that he's totally trustable now, but money cures a lot of ills, and his company is making money now. I don't see his license being approved by the California Commission. But, I don't think the California issue will have any bearing on his Nevada licence when it's all said and done, nor will it affect other States if he is truthful on those applications, which it looks like he has been doing in the recent past.
ZCore13