Re: To ALL GHDC shareholders
posted on
Dec 17, 2014 03:36PM
Good DD, as far as I can tell they don't have anymore machines to lease... and even if they did, how likely is it that they can find more casinos willing to shut down and replace their machines with ones that they might have? A casino might do it if these were the latest machines but they are older/used. These machines were already in these casinos when they did these deals. I don't see how they can expand further, atleast without great effort... The other question is, why is the revenue not matching the amount they said they would receive in the initial 8k, its much less??? Wasn't there a set lease amount, per a binding contract? Also, GHDC has to pay for maintenance if these machines break down per the contract, which could be expensive considering they are older machines and need to have a maintenance crew ready to go in South America on short notice.