InvestorsHub Logo
Followers 184
Posts 19312
Boards Moderated 0
Alias Born 03/07/2009

Re: None

Tuesday, 01/15/2019 9:55:34 AM

Tuesday, January 15, 2019 9:55:34 AM

Post# of 12668
omg, they play the same game every month. Here is the game play: dilute $1 million on the market, then add $1 million in revenues by buying another welding shop. Next, report the $100k or so in added revenues in welding supplies per month as a big win. Meanwhile, the core product Magnegas never shows any growth...

Company reported it will need about $20-25m per year in revenues to break-even. So, expect the above game to be played several more times, interrupted only by another reverse split.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.