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2 things.

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Werbe Member Level  Monday, 01/11/21 08:53:33 PM
Re: BSWB post# 121000
Post # of 121340 
2 things.

You could roll a million dollar revenue company into a shell company and they would be trapped with the baggage. That baggage shows up all over the place in financials, one of that is the going concern/liquidity section. All the past losses, would be tied onto anything that merges into the company. In this case, Magnifind is 3 months into being acquired, most people would use Magnifinds most recent filing which has their own C/L section, not what MDIN shows. MDIN is just operating through Magnifind in a 3 month period, with all its baggage tied to in already in that 3 month period. That is why I had a problem with what you showed, dont care what you think it shows.

The S1 has nothing to do with MDIN selling shares for profit or future expansion etc. It was filed because of a back due convertible note that is due with an extremely ridiculous conversion rate. Antevorta is owed barely anything with a $0.00000044 conversion.

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