From the recent financial data published in the 1-A report , MGC had assets worth above $220 M and annual gross profit around $1.2 M, and OS of 1673 M, not sure about liabilities but well below 1M, these figures are before the offering.
We don't know if the offering will be successfully or partially done. Hard to guess specially when we face hard business times, also pretty awful signs are related to not delivering the Quarter report due a month ago and having no news from the offering approved on Sept 29, almost 3 months since the approval.
IMO, to adventure a pps is not wise at this time,
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