Bangi Inc (BNGI)

[wallstreet1231]

My opinion is that the authorized shares will be maxed out soon and they will have to restructure the stock - my hunch is a reverse stock split. Appears they have used stock to finance whatever they are doing, ie 1.3 billion shares in the last four months, and with the new product not being marketed until July it begs the question as to where the financing is going to come from - probably stock but they have roughly 800 million left before they max the authorized - and the past four month burn rate has been far greater than this. These are my concerns.

My opinions as always.