MCGI NEWS: MedCareers Group, Inc. (MCGI) Announces Recent Debt Consolidation
Dallas, TX -- February 16, 2016 -- InvestorsHub NewsWire -- MedCAREERS Group, Inc. (MCGI:Pink), a development stage company and owner of Nurses Lounge, a professional network for nurses, announced they recently consolidated all of their short-term toxic debt with a single, vision-friendly investor.
By consolidating these notes into more friendly hands and alleviating investor fear of constant major dilution, the consolidation will hopefully allow MCGI to grow to a more realistic market cap. One that a winner-take-all business model with growing membership and sales should support.
MCGI, with just under 500 million shares issued and outstanding, has traded recently in the $0.0006 range giving it a market cap of around $300,000. Should the price rise over time to between $.005 to $0.01 the market cap would equate to between $2.5 million and $5 million, which, one can argue, would still be below valuations that growing privately held platform business model companies are receiving from venture capitalists at this stage of their business.
MedCAREERS Group, Inc.'s focus is to develop and build value through its wholly-owned subsidiary Nurses Lounge, Inc., an online professional network for nurses and stakeholder organizations such as nursing schools, associations and employers. By consolidating the profession onto one simple to use networking platform, organizations receive a cheaper, faster and more effective way to communicate to the broader nursing profession as well as a more targeted and efficient platform for nurse recruiters.
For more information, contact:
Tim Armes
Phone: 972-393-5892
Email: tarme
