/biz/ - Business & Finance

grim !!tqKNtpU7P6O Fri Jan 11 14:39:15 2019 No.12411598 [View]
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>>12411554
Probably not, I did some DD and it looks like the company is very very very small. Their acquisitions are literally corner shops lol. I checked them on Google Street View, they're stores you and I could have probably bought out. Their financials are absolutely garbage atm. There is also a massive liability in the "other" category on the balance sheet. I couldn't figure out what it was. The company is just far too small to do anything. They also keep fucking with the price of the stock via direct offerings. They restructured in November, I'm assuming it is because of the risk of being delisted. Cool company and idea, but I'm not sure how they pull it off in 180 days.
https://seekingalpha.com/pr/17323729-magnegas-announces-corporate-restructuring-support-anticipated-growth

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/biz/ - Business & Finance

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