GPI / Paulson CEO Resigns (1 Viewer)

[Tommy]

Those the S2 2-color chips?

S2, V6, or V7. They come in 2 and 3 color injection.

 

[upNdown]

I'd rather GPI start producing Paulsons with textured inlays again, than start selling their present offerings to the public. I'd rather either harvest them or wait 5-10 years for The Chip Room to swoop onto a closed casino, than buy the sticker-inlay chips they're producing now.

 

[moose]

So the guy who is the CFO and CoB adds CEO, president, secretary and treasurer to his duties. Does anybody work at Paulson besides this guy and a bunch of Mexicans??

 

[BGinGA]

Yeah, I was thinking that he sure was wearing a lot of hats. And then the CFO went and put a bunch more on, too. Wasn't he also a prior CEO at one point?

 

[upNdown]

So the guy who is the CFO and CoB adds CEO, president, secretary and treasurer to his duties. Does anybody work at Paulson besides this guy and a bunch of Mexicans??

Not since they fired that South African sales rep.

 

[PlaidDragon]

GPI is selling for $8.15/share.. A controlling interest likely costs ~$40,000,000 today. Ticker symbol is GPIC. Not even for $4,000,000 - a 90% discount.

I've got $40 in my wallet. Maybe that's enough to get me a seat on the board?

 

[Thomacetti]

Has any of them apologised to us and our families?

Didn't you get the email ?

 

[Tommy]

I own a piece.

 

[Tommy]

Never heard of Dolphin. Something to do with their injection molded chips.

 

[Perthmike]

Never heard of Dolphin. Something to do with their injection molded chips.

View attachment 191629

I think these are dolphin

 

[Frogzilla]

Agreed. But then there's always the Mazda Miata/MX-5, one of the great sports cars of all time. in the best British sports car tradition. Almost certainly the greatest Japanese sports car of all time, depending on how you classify Datsun's Z cars and which religion you prefer. :

Owner of a 2016 Mazda mx-5...would have agreed a couple weeks back. But then the air conditioner went out, and it’s 100+ outside. Deep down, I believe the greatest sports car of all time has working AC.

 

[Gunnar]

I think it is fair to assume that China chips are hitting GPI

 

[pltrgyst]

Owner of a 2016 Mazda mx-5...would have agreed a couple weeks back. But then the air conditioner went out, and it’s 100+ outside. Deep down, I believe the greatest sports car of all time has working AC.

Well, actually, the greatest *sports car* of all time shouldn't even *have* AC. Or power steering. (I removed both from my TR-8.)

I had a black 1994 Miata "R" package (1500 produced worldwide) for 15 years. It had a removable hard top for the track, where it was required for actual racing, and a Hard Dog roll bar/cage, but no soft top or other niceties. If it rained, you got wet. I loved that car...until some dipsh*t ran her van into the right front corner, and damaged the frame.

 

[ChipEnvy]

Cars n'stuff. amIright?

 

[Psypher1000]

Never heard of Dolphin.

They are a plastic chip maker big in Austrailia. Acquired by GPI around 2016. Their chips were/are most similar to Matsui, IMO.

 

[Thomacetti]

Owner of a 2016 Mazda mx-5...would have agreed a couple weeks back. But then the air conditioner went out, and it’s 100+ outside. Deep down, I believe the greatest sports car of all time has working AC.

I owned a MX-5...great car but liked my S2000 and Z4 more

Atom takes the cake

 

[Lemonzest]

Cars n'stuff. amIright?

vroom vrooooom want to see my horseees!

 

[Forty4]

How much would they stand to make even allowing their Blue Chip line? Maybe this why they’ve given some leeway with the Gemaco advertising line.

 

[justsomedude]

How much would they stand to make even allowing their Blue Chip line? Maybe this why they’ve given some leeway with the Gemaco advertising line.

I was talking about this whole revenue issue with another member the other day. To quickly summarize that conversation, GPI has a flawed business model in that they must wait for a casino to either A) open, or B) replace their racks, to get revenue from chip sales/gaming supplies. This can create wild fluctuations in revenue and is not a sound long term strategy. They would be better served to switch to a subscription model with their customer casinos - say a monthly fee to consistently/regularly swap out worn racks/gaming tables - than to wait for orders to magically fall into their lap.

Hoping for new casinos to open from one month to the next isn't a solid model for growth. And I'm sure this is something the CEO is well aware of.

 

[Aplusent]

Actually... they're made in Mexico.

You mean South Texas...

You mean Far West Texas - El Paso Maybe... lol

 

[Jeff]

They could do like the Chinese did....just make a chip that turns to dust in your hand after a certain amount of time. RIP my china clays at work...

 

[justsomedude]

Actually... they're made in Mexico.

You mean South Texas...

You mean Far West Texas - El Paso Maybe... lol

A block past Maple, that's John F. Kennedy drive.

Who the hell is John F. Kennedy?

 

[Highli99]

I was talking about this whole revenue issue with another member the other day. To quickly summarize, GPI has a flawed business model in that they must wait for a casino to either A) open, or B) replace their racks, to get revenue from chip sales/gaming supplies. This can create wild fluctuations in revenue and is not a sound long term strategy. They would be better served to switch to a subscription model - say a monthly fee to consistently/regularly swap out worn racks/gaming tables - than to wait for orders to magically fall into their lap.

Hoping for new casinos to open from one month to the next isn't a solid model for growth. And I'm sure this is something the CEO is well aware of.

This is a great point. "rent" the chips to casinos rather than sell them. That has interesting implications. This reminds me of the recent HP Printer Cartridge case, where HP claimed that people buying cartridges were only buying limited rights to use them. They could NOT sell them to recyclers because HP retained the intellectual property rights. HP sued the recyclers over this. If the same model was applied to Paulson, they could potentially sue chippers who possessed chips that they did not have "intellectual property rights" to possess. No more harvesting. Casinos would not be able to sell stock when they closed or rebranded. Collectors would be stymied on big platforms like eBay. Makes me nervous.....

 

[Forty4]

Yeah but they do have consistent streams from cards and dice. Cards probably have a very nice margin on them. Would be interesting to go through the chip report monthly but that doesn’t give quantities.

For fun just looked 18 different chips (1 silver strike and 1 plaque so we’ll ignore those). That’s one month and one state.

 

[justsomedude]

This is a great point. "rent" the chips to casinos rather than sell them. That has interesting implications. This reminds me of the recent HP Printer Cartridge case, where HP claimed that people buying cartridges were only buying limited rights to use them. They could NOT sell them to recyclers because HP retained the intellectual property rights. HP sued the recyclers over this. If the same model was applied to Paulson, they could potentially sue chippers who possessed chips that they did not have "intellectual property rights" to possess. No more harvesting. Casinos would not be able to sell stock when they closed or rebranded. Collectors would be stymied on big platforms like eBay. Makes me nervous.....

All the things you mention would likely be true. On the revenue front, GPI would also be able to (most likely) increase fees/revenue by forcing more security (read: RFID) into all chips, even the lower denoms.

Yes, this would probably hose the secondary market, but it would bolster GPI's long term prospects and solidify their position in the marketplace.

 

[Forty4]

^^Please delete so as to not give them any ideas.

 

[Aplusent]

Wait! I'll do it for $5000 a month!!!!!

Hell with that!!! if the consulting job pays 10k/month I want the New Job opening... if 10K equates to part time then full time must be at least 20-30K... that's why they are showing a loss!!! Everyone gets paid too much $... lol
{Disclaimer - No offense to anyone that is or is not a member here that works for Gpi and or any of its affiliate's} LOL
Isn't that how disclaimers work... No Accountability!!!! lol

 

[Richard Cranium]

They could expand to other casino items. Like tables with rfid built into the player spots and pot areas, that interacted with their chips. Data could be watched and harvested.

 

[WedgeRock]

This is a great point. "rent" the chips to casinos rather than sell them. That has interesting implications.

I don't think the NGC would allow this, let alone the regulatory agencies in other states. Not without additional built in controls.

 

[Aplusent]

Just sell us the crappy plastic chips! :

Easy!!!… Suggestions like that could get you taken out ………..