Mirage Energy Corp (MRGE)

[reaper247]

The fatal flaws of MRGE based on currently available information.

Obviously, the public market capitalization of MRGE is a problem.

A PPS of $.07 and an O/S of 390M gives MRGE a market cap of $27,500,000.

A simple double up in the PPS would give MRGE a public value of $55,000,000.

That seems unlikely when considering that MRGE only has $79,600 in total assets, while having almost $5,000,000 in liabilities.

There is $0 revenue and massive losses in the last financial statement.

The dilution is apparently diminishing any potential upside on a daily basis.

This dilution is being absorbed by those who believe that future income based on a nonbinding MOU, will eventually validate a higher PPS.

It seems to be a funny coincidence that current dilution is almost over based on T-trade tallies, just before the nonbinding MOU is about to be completed or expire on, or about April 15, 2019.

True believers have about a week to grab as much MRGE as possible.

Doubters have about a week to get out with minimal losses.

GLTU, IMO and FWIW.