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Wednesday, August 23, 2017 10:48:43 AM
MVTG needed to raise the AS to pay for operations as they are cash flow negative. Without the increase there is no paying salaries, expenses, offices, etc.
They likely cant afford to even pay for filings.
It means more dilution from those holding treasury shares. Which means that insiders may lose their ownership majority.
LOL
Its a damned if you do and damned if you dont situation for those who were hoping to take advantage of shareholder donations.
FINRA & the SEC are going to make things very difficult for MVTG moving forward. And for good reason. Just like GARB, OPMG, SIOR, DYMTF, etc.
I cant even make this stuff up.
GLTA & JMO
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