Marygold Companies Inc (MGLD)

[hometownJOE]

It really depends on their intentions with CNCG. Yes, they paid $3 million for the shares AND yet afterwards control the corporate money. Technically, it's the company's money now (NOT REALLY in practicality). The only real cost to them were the filing fees and Dave's consulting contract.

Where will it go from here? If I was the CEO with all these shares under my control (giving me majority voting power), I would take the following steps IN ORDER:

1. Authorize a new class of preferred with super voting power tied to a dollar amount rather than number of common share conversion. This way the common share prices can go to near zero without affecting the value of the preferred.

2. With super majority voting, reverse the common to increase stock price and reduce the common shareholders.

3. Now, implement the new business plan (whatever that may be).

4. Get the share price up for two reasons, obtain cheaper capital and using it to expand.

LOL, just saying because you asked.