The CEO spun off the auto body repair training portion of the company, kept it for himself and handed the shell to the Chinese company via a deal that gave the Chinese 180M shares. I BELIEVE there are about 24M shares left out there somewhere.
I came across MLGT while flipping DOLV this week, a company that got hot in regard to a similar Reverse with a Chinese battery maker. DOLV has 1B+ shares outstanding.
MLGT got some action in the last two days, but the small group of current shareholders do not have a clue how to let other investors know what is what. MLGT closed DOWN today
In conclusion, I think MLGT could get super hot next week and looks totally legitimate in regard to the deal
So, maybe next week the Chinese put out a News Release that says lowly MLGT is no longer an auto-body repair training company......MLGT is now the Chinese SnapChat
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