Replies to post #15745 on Bangi Inc (BNGI)

[wallstreet1231]

Cobi - just the facts. There has been no details of a finalized merger which was to happen months ago. The stock is down over 80 percent in recent months. It is currently selling at its 52 week low. They recently increased the authorized share count by a half billion. They had to borrow $19k just to build inventory. The new interim coo wants to sponsor artists. Now where is that money going to come from - another increase in authorized shares? A reverse stock split???

So is Cobi on life support - depends on your definition I suppose.