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Old 10-05-2017, 09:17 PM   Nav to Top  #21
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TNA.V Financial Comparison Chart 2012-2017

Year Revenue($USD) Profit/Loss $USD) Assets ($USD) Liabilities ($USD) Asset/Debt Ratio
2012 $25,958,829 -$445,775 $15,736,142 $13,561,034 1.16
2013 $28,341,631 $1,344,683 $15,870,890 $12,351,098 1.28
2014 $30,555,757 $2,720,669 $18,143,126 $11,902,666 1.52
2015 $33,338,543 $3,933,883 $19,613,905 $9,439,562 2.08
2016 $33,326,624 $1,909,408 $23,922,129 $11,838,378 2.02
2017 (Q1/Q2) $17,641,426 $1,384,946 $25,495,384 $12,026,687 2.12

Notes: 1) 2017 Revenue Higher Than 2016 Revenue Over 6 Months
2) 124,716,865 Common Shares With 77.51% Insider Held
3) Tukwila Casino Closed February 2017, Currently Pending Sale For $2 Million USD

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Old 10-06-2017, 10:05 AM   Nav to Top  #22
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Here is an image of the chart since it didn't post properly:

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Old 10-17-2017, 03:35 PM   Nav to Top  #23
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Washington State Card Room & Casino Statistics Sheet

**Note** - As per WSGC website, due to staffing shortages, Q4 2016 is the most recent statistics from card rooms that they have.

At the end of 2016 there were 65 card room casinos in the state of Washington. Dawn Mangano joined Evergreen Gaming Corporation in June 2017.

TNA Casinos – Riverside, Palace, Goldies, Chips,
Dawn Mangano Prior Casinos – Macau, Caribbean(Casino & Card Room)

Statistics Link: http://www.wsgc.wa.gov/docs/statisti...oss/2016-4.pdf

Out of 65, this is where TNA’s and Dawn’s casinos ranked:

Dawn’s Prior Casinos:
Macau Casino - #3 of 65
Caribbean Casino - #8 of 65
Caribbean Card Room - #42 of 65

Evergreen Gaming Casinos:
Riverside Casino - #6 of 65
Goldies Casino - #11 of 65
Palace Casino - #16 of 65
Chips Casino - #23 of 65

What this shows is Dawn Mangano was able to run casinos quite well and out of the 65 listed on the sheet, two of them placed under 10. Compared to Evergreen Gaming which only had one placed under 10. Three quarters have gone by and things could be different, but I believe Dawn will play a huge role in Evergreen Gaming’s growth.

Another important note since some individuals have been worried about online gambling being a hindrance to Evergreen’s growth:

Internet Gambling Prohibited In Washington: http://www.wsgc.wa.gov/publications/...g-brochure.pdf
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Old 10-21-2017, 10:38 AM   Nav to Top  #24
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Information circular will be coming out in a few weeks as per SEDAR. AGM date is early December and it looks like their getting all the paperwork and insider holdings done. Steven Michels bought another 70,000 shares privately end of August and didn't report it until now. See below:


https://www.insidertracking.com/comp...green%20Gaming

Oct 20/17 Aug 28/13 Michels, Steven Control or Direction Common Shares 11 - Acquisition carried out privately 70,000

Date: October 12, 2017 510 Burrard St, 3rd Floor Vancouver BC, V6C 3B9 www.computershare.com To: All Canadian Securities Regulatory Authorities Subject: EVERGREEN GAMING CORPORATION Dear Sir/Madam: We advise of the following with respect to the upcoming Meeting of Security Holders for the subject Issuer: Meeting Type : Annual General Meeting Record Date for Notice of Meeting : November 09, 2017 Record Date for Voting (if applicable) : November 09, 2017 Beneficial Ownership Determination Date : November 09, 2017 Meeting Date : December 13, 2017 Meeting Location (if available) : Surrey, BC Issuer sending proxy related materials directly to NOBO: Yes Issuer paying for delivery to OBO: No Notice and Access (NAA) Requirements: NAA for Beneficial Holders No NAA for Registered Holders No Voting Security Details: Description CUSIP Number ISIN COMMON 30024G103 CA30024G1037
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Old 10-30-2017, 01:13 PM   Nav to Top  #25
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Nice article from Simply Wallstreet. Looking forward to seeing TNA's Q3 results end of November and by then their $2 million Tukwila property sale (currently pending) should be completed. I am estimating that the company will earn at least $500,000 US profit. Their Q3 is always a bit slower and I am being very conservative on the earnings, especially after making over $1 million USD last quarter. Their Q1 profit $377,000 net income but that was also hurt by Tukwila still in operation at the time.

https://simplywall.st/news/2017/10/2...-cheap-stocks/

Evergreen Gaming Corporation (TSXV:TNA)
Evergreen Gaming Corporation engages in the gaming operations in the United States. Evergreen Gaming is run by CEO Dawn Mangano. With the company’s market capitalisation at CAD CA$17.95M, we can put it in the small-cap group

TNA’s shares are currently trading at -22% beneath its true level of $0.17, at a price tag of $0.14, based on my discounted cash flow model. This mismatch signals an opportunity to buy TNA shares at a discount. In addition to this, TNA’s PE ratio stands at 7.2x compared to its hotels, restaurants and leisure peer level of 19.4x, indicating that relative to its comparable company group, we can invest in TNA at a lower price. TNA is also in good financial health, with short-term assets covering liabilities in the near future as well as in the long run. It’s debt-to-equity ratio of 52% has been diminishing for the past few years demonstrating TNA’s ability to pay down its debt.
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Old 11-16-2017, 01:18 PM   Nav to Top  #26
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Evergreen Gaming Corporation Q3 Results (Ending September 30th 2017)
All Information Can Be Found On SEDAR – Welcome to the SEDAR Web Site / Bienvenue au Site Web SEDAR

Previous Closing Price: $0.14
Common Shares: 124,716,865
Insider/Institutional Holdings: 95,967,855 or 77.51%
Retail Shares Available: 28,749,010 or 22.49%

Financial Results (All Numbers In USD)

ASSETS
Property, Plant & Equipment: $10,531,011
Goodwill: $6,435,481
Trademarks: $1,185,000
Game Licenses: $60,667
Deposits: $27,110
Inventories: $168,011
Accounts Receivable: $37,196
Other Assets: $224,477
Cash, restricted: $2,758,138
Cash: $5,444,510
Total Assets: $26,871,601 USD

LIABILITIES
Deferred Tax Liabilities: $348,000
Notes Payable: $6,573,585
Other Payables: $5,460,159
Notes Payable: $393,858
Total Liabilities: $12,775,602 USD

3 Month Results USD
Revenue: $8,554,697
Net Income: $627,304

9 Month Results USD
Revenue: $26,196,124
Net Income: $2,012,248

9 Month Revenue convert into CAD and Earnings Per Share
USD-CAD-1.27 as of November 16th 2017
$2,012,248 X 1.27 = $2,555,554.90 CAD
$2,555,554.90 / 124,716,865(common shares) = $0.0205 over 9 months

14. SUBSEQUENT EVENTS
The company has entered into an agreement to sell the real property where Palace Tukwila was located for $1,950,000. The buyer has made a $50,000 earnest money deposit and the sale is supposed to close on or before November 30, 2017. The company has mortgages on the property with balances of $1,054,956 as of September 30, 2017 which would be paid in full if the sale is completed. The book value of the property being sold is $1,434,184 as of September 30, 2017.

**NOTE** - Tukwila was closed February 4th and has not generated any revenue since then. This will reduce liabilities substantially and give the company additional operating capital.

TNA.V MD&A Highlights

Overall Performance Current quarter compared to prior year

Net revenue for the quarter ended September 30, 2017 was $8,554,697, an increase of $108,190 compared to the same period in the prior year. Gaming dollars dropped were 11.3% higher than the prior year quarter but that increase was offset by a lower hold percentage of 1.8%. The income from operations was $1,042,536 compared to $971,941 in the prior year quarter. This increase was due to the increase in net revenues partially offset by an increase in operating expenses of $37,595. The labor and benefit expenses increased due to an increase in the minimum wage, but that increase would have been even higher except for the closing of Palace Tukwila on February 4, 2017.

Net income before taxes was $967,761 compared to $836,569 in the same quarter of 2016, a $131,192 increase. The increase was due to the higher income from operations and lower finance costs due to paying off outstanding indebtedness.

Working capital at September 30, 2017 was $2,778,315 compared to working capital of $1,744,546 at December 31, 2016. With sustained healthy revenues and ongoing game protection and expense controls, management expects continued profitable operations sufficient to exceed the cash demands necessary for the company to meet its future obligations.

The Company’s assets at September 30, 2017 totaled $26,871,601 compared to total liabilities of $12,775,602. At December 31, 2016, total assets were $23,922,129 compared to total liabilities of $11,838,378.

The Company’s cash at September 30, 2017 was $8,202,648, compared to $4,563,587 at December 31, 2016. These amounts include “Restricted Cash” balances of $2,758,138 and $914,071 respectively. “Restricted Cash” balances are jackpot funds held for prizes being offered at the casinos. Cash provided by operating activities for the quarter ended September 30, 2017 was $1,615,226 compared to $471,994 for the quarter ended September 30, 2016.

Additional Information Can Be Found On SEDAR
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Old 11-27-2017, 05:31 PM   Nav to Top  #27
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Moving Our Dealership | Horizon Ford

Retail for sale in Tukwila, Washington, 583212
Comparing the address of the Tukwila listing and the new location of this Ford dealership, they are identical.

From TNA.V’s the most recent MD&A (found on Sedar)

Page 6:
On August 5, 2015, the Company refinanced the first position note payable to a third party secured by the property at 14027 Interurban Ave S. Tukwila, WA. A new 10-year $720,000 loan at Banner Bank carries a 5% fixed interest rate for the first five years, with monthly payments of $7,659. In years 6-10, the rate will be calculated based on the Bullet Rate for the 5-year FHLB Fixed Rate Advances (the “Index”) plus a margin of three percentage points (3.0%). If the Index rate changes, the amount or number of monthly payments and/or the final payment amounts may change to accommodate the change in interest rate. The interest rate may not fall below the initial 5%, and its maximum is limited by law. This action pays off the 9.5% interest rate loan that was in place, reducing the monthly payment by $1,252 per month.

Page 1:
The Company has entered into an agreement to sell the real property where Palace Tukwila was located for $1,950,000. The buyer has made a $50,000 earnest money deposit and the sale is supposed to close on or before November 30, 2017.
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Old 12-06-2017, 10:26 AM   Nav to Top  #28
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Year Revenue($USD) Profit/Loss $USD) Assets ($USD) Liabilities ($USD) Asset/Debt Ratio
2012(Q1-Q4) $25,958,829 -$445,775 $15,736,142 $13,561,034 1.16
2013(Q1-Q4) $28,341,631 $1,344,683 $15,870,890 $12,351,098 1.28
2014(Q1-Q4) $30,555,757 $2,720,669 $18,143,126 $11,902,666 1.52
2015(Q1-Q4) $33,338,543 $3,933,883 $19,613,905 $9,439,562 2.08
2016(Q1-Q4) $33,326,624 $1,909,408 $23,922,129 $11,838,378 2.02
2017(Q1-Q3) $23,451,331 $2,012,248 $26,871,601 $12,775,602 2.10

Notes: 1) 2017 Revenue Higher Than 2016 Revenue Over 9 Months
2) 124,716,865 Common Shares With 77.51% Insider Held
3) Tukwila Casino Sold For $1.95US To Horizon Ford. Property unused for most of 2017
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Old 12-13-2017, 06:10 PM   Nav to Top  #29
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Evergreen sells Tukwila property for $1.95M (U.S.)



2017-12-13 15:48 MT - News Release


An anonymous director reports

SALE OF TUKWILA REAL ESTATE

Evergreen Gaming Corp. has sold real estate located at 14027 Interurban Ave. South, Tukwila, Wash., 98168. This was the location of the casino that ceased operations in February of 2017. No revenue-generating use was found for the property after the closure, so it was listed for sale. The sale of real estate closed on Nov. 30, 2017, for $1.95-million (U.S.). The mortgage and a note attached to the property were paid off from the proceeds of the sale.

© 2017 Canjex Publishing Ltd. All rights reserved.
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Old 01-02-2018, 12:54 PM   Nav to Top  #30
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January 2018 Article By Simple Wallstreet

Evergreen Gaming Corporation (TSXV:TNA)

Evergreen Gaming Corporation engages in the gaming operations in the United States. Evergreen Gaming is headed by CEO Dawn Mangano. It currently has a market cap of CAD CA$21.05M placing it in the small-cap category

TNA’s stock is now floating at around -69% below its true value of $0.56, at the market price of $0.17, based on my discounted cash flow model. The discrepancy signals an opportunity to buy low. Moreover, TNA’s PE ratio is currently around 9x compared to its hospitality peer level of 16.3x, meaning that relative to its comparable set of companies, TNA’s stock can be bought at a cheaper price. TNA is also in great financial shape, with short-term assets covering liabilities in the near future as well as in the long run. It’s debt-to-equity ratio of 49% has been diminishing over the past couple of years showing its ability to reduce its debt obligations year on year.

https://simplywall.st/stocks/ca/mate...ck-in-january/
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