Replies to post #13204 on Coro Global Inc (CGLO)

[conix]

According to the latest filing there is no debt. The key is how they have been doing--revenues. And how many shares have gone out recently--are they at 4 Billion or more or what?

And another thing that would be helpful info is the Cash on Hand. They might have a nice cash balance from the shares sold this quarter. So maybe they have enough for a few months without any significantly more dilution.

Does anyone know what their actual burn rate is per month?

[cederkvist]

Thank you, I have a good feeling about MDFI...

[drebmd]

Granted, but am I the only one that thinks the reason they have no debt is that it is harder to avoid DD from a traditional financing source (or even an Angel investor) than it is to simply release more shares? Plus, you have to (eventually) repay debt, which means you need a clear path to profitability or even break-even before debt is a reasonable consideration. As long as you have willing MMs and a generally supportive investor group, you can easily get away with murder, or so it seems. It is a license to print money apparently.

Would any bank stand for MDFI's demonstrated level of management vision and lack of transparency? I dont think so. To some extent, well serviced debt is a sign of maturity, IMHO. I should have run for the hills when I realized everyone is being paid with stock.