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Post# of 114165
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hweb2

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hweb2

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Thursday, 02/18/2016 1:39:35 PM

Thursday, February 18, 2016 1:39:35 PM

Post# of 114165
Jeez MTSL this has to be one of the worst acquisition disasters I've seen. Vexigo was suppposed to have strong growth and huge profits. Stock jumped up from below $1 to over $3. Then when MTSL started reporting the financials including Vexigo, the numbers stunk. And they've been getting worse. Stock all the way back to .70.

Then this today:

https://finance.yahoo.com/news/mts-announces-rescheduling-payments-former-130000586.html

They're pushing back payments, raising money, and want to do a reverse split. The losses must be continuing. Maybe Vexigo lied about being so profitable? Don't know how else to explain it. Always wondered if the financials were as good as they claimed, why sell on the cheap to junky MTSL?

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