InvestorsHub Logo
Followers 1
Posts 132
Boards Moderated 0
Alias Born 04/10/2018

Re: Azzzx post# 824

Wednesday, 02/26/2020 10:52:18 AM

Wednesday, February 26, 2020 10:52:18 AM

Post# of 864
I can't find to quote from Jared right now, but I seem to recall that sometime in 2016 or 2017 that he made the statement that he was not going to play the wall street game with this company...If that's true, it would certain shed light on the current situation. I just don't know what exactly that means, but it could be why there is so much turmoil presently. I think that maybe he sees wall street as an enemy..just a guess...

Aside from that, I had previously mentioned MGX's business model. The model is very cash intensive for each installation. It requires MGX to front all of or the majority of the cost of the installations. This causes a bad lag in reaching profit as you have to cover your cost first before profit is realized. This makes it very difficult from a cash flow situation to meet the next installation as cash is now in short supply.

There are much better models to make this work. Jared maybe too stubborn to change.