I have spent the last 30 minutes looking at MNCS as if I was looking to invest in it. NOTE - as a rule I do not invest in equities. I trade them. Ironically my last equity I owned inside a retirment account was a company called MiNaCS.
I invested in them because they were srateing to reduce their losses and grow the top line on $100 of million a year in Revs.
anyway I am seeing a company with Zero NAV here - the only increases to cash have been through loans to the company.
I am in shock that any adult with above a grade 8 education could possibly invest in this company.
I mean if it was a penny stock withmaybe a $5 million market cap or less I might see taking a flyer with some play money - I certainly wouldnt but $ 100 Million market cap even here.
For the record I have no position and am not short nor am I being compensated in any way - I would short this to nothing if I could
Investing is for those who don't know how to trade
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