Wednesday, March 09, 2016 1:32:57 PM
Not too hard to do research on MAGNA...BAD NEWS!
Look at all the filings of how many shares can be sold day after day after day...they have no choice but to ask for an increase, at the burn rate they have now, they will be above the 150 Million share count in no time...these debt holders get to buy more shares at a very reduced price...you and I pay the .10 cents per share...Josh Saxon only pays .6 cents...then he sells to you and I for .10 cents...and then .09 cents, and then .08 cents, and then .08 cents, and then .07 cents......then he buys more shares and keeps on selling...get the picture...this aint over yet!
GC HAS PERSONALLY RUINED AMBS, and I have always been a believer in the science here....it just needs to go to someone who actually has a vested interest in developing the assets they have, and not interested in selling the company and increasing salaries of employees.
In My Own Personal Opinion Of Course!
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