I do not think any past or current investors are dishonest. To blindly pledge support to a company and ignore their history of making claims that were never realized is not smart. Someone doing that makes it seem they are only wanting to tell one side of the story.
A normal investor wants to hear both sides of the story.....it is not all roses, it never is with penny stocks.
Positives:
- MG technology is legitimate and should be marketable.
- Quality and product capabilities should be high since we know their board prevented them from going to market before they were ready (many of us paid that price because they never fessed up to this roadblock...this was the debacle that became the cardboard cut out work truck show).
- Insiders bailed the company out of likely failure last fall with there own $$
- They have demo models of technology at hand.
- They have strong internal contacts in several industries.
- They have the interest of legitimate, profitable company (Craftsmen)
- They have a relationship with VetTech who might be influence individuals responsible for military procurement.
- As of last quarterly report they do not have many convertibles on the books
- Climate change is making extreme events much more common (current Texas and La flooding), and by luck this is a busy hurricane season.
Investor in New York decided to execute option to buy warrants (vote in confidence of technology)
- A PR announcing a significant sale could happen at any time.
- The next quarterly could report revenue.
Negatives
- They have historically greatly overestimated their ability to bring in revenue and the timeline of that revenue.
- They continue to use convertible loans as a source of funding (not as much but they took a few more out this year).
- Despite many demonstrations they have yet to convince a customer (Craftsmen is a potential business partner, not large volume customer) to commit.
- A large convertible loan comes due in Sept (this could be yet another "perfect" opportunity to buy in).
- The company with competing technology has good inroads to DOE/DOD with possible $500,000 funding next FY (this ties the hands of government agencies in terms of who they are supporting).
- The 1 million dollar wang lawsuit continues on (I thought it was dismissed, but it was not...WARM trying for a pre-motion conference as of Aug 8)
- There is dilution of a million or 2 million ever few weeks for the past month and a half. We do not know why, nor how long it will go on or whether it will increase.
- New members joining who have never had an account before to make first post on this stock (this is a warning as to why if they were regular investors they weren't already active on hub...could be people wanting to influence investors).
- Lots of shares owned by Spirit Bear who was responsible for the large price dip in the spring of 2016 (before the convertibles kicked in to really sink it).
- Lots of shares owned by the guy in New York who we have no idea about when or how he will begin dilution.
- They have not produced a market ready version of their generating technology (required to attain 200 KVA outputs).
- They have not explained or expanded on the variation in measurements of their generator/motor technology revealed by the Kato tests in late 2015. So we do not know if this is an issue for their use of technology in MG.
- They abandoned the submersible pump market rollout for an unknown reason after touting it as the first product rollout in early 2016.
- A PR announcing a significant sale may never happen.
