Replies to post #52713 on Deep Green Waste and Recycling Inc (DGWR)

[Mr. Investor]

Nice find and there is really no telling at this point. Definitely worth digging into.

[grantastic]

The company has always lost money. There never was and there still isn't any realistic plan that would have it making a profit.

There's a reason why their factoring was cut off & lenders stopped lending to them.

Lenders, contractors, and customers realized a LONG time ago that management is inept and the company is a failure.

Shareholders need to accept it also and move on. The smart ones are selling for the few pennies they can salvage.

I'm surprised to see the stock holding up as well as it has. Maybe there's still some hope that the company can restructure or save something with it's remaining operating subsidiaries. They haven't filed for bankruptcy yet that I can see. I don't know the company at all, so I'm just throwing things out there.

On August 17, 2018 Deep Green agreed, in lieu of foreclosure, to assign its subsidiary companies, Compaction and Recycling Equipment, Inc. and Columbia Financial Services, Inc. to Mirabile Corporate Holdings, Inc. in exchange for Mirabile’s assumption of certain Deep Green debt, which was secured by the assets of those subsidiaries.

At this time Deep Green does not have the cash to operate or complete its financial statements and post its June 30, 2018 quarterly report. The company is currently seeking financial solutions. There can be no assurance, however, that the company will be able to obtain financing