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Posted On: 01/22/2016 11:56:00 AM
Post# of 145367
Posted By: stockman69
$CRWG "On an operating basis, there is no question that the growth in revenues from our Mega Fame Casino has helped improve our performance significantly since last year," said Sanjay Sabnani, CrowdGather's Chairman and CEO. "Lack of sufficient low cost capital is still something that limits our ability to grow even more rapidly. Through the efforts of dedicated stakeholders and my own contributions, we have invested $1.2 million into cleaning up CrowdGather's balance sheet to free it from convertible debt, but there is still some work to be done. The good news is that the business has shown us that it has the capability of scaling rapidly when capital is procured.

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