OTCPK:MAGNF - Post by User
Post by
TheEndisHereon Dec 02, 2014 4:06pm
388 Views
Post# 23187353
Now what....
Now what....So we did $3M financing in this market, that is fabulous! We'll blow through it in no time.
Why do we not have a plan B incase this doesn't work out? Yes I know we have a good resource here, but these days that is not enough.
I hate saying this for any stock, but unless our SP shoots up I see them doing a reverse split (maybe after the PEA?). No one likes a RS but we'll need more money by then.
We've been on a steady decline since they caught the guy that manipulated this stuck to above $1. He got his hand slapped and was told "don't you do that again".
Management you need to do more (specially in terrible market conditions). Your job is hard I get it, you know what's harder? Seeing your investment evaporate. You need to make the market notice you. I've been in and out of this stock since 08 and stayed out for over a year now as I saw this trend. Right now trend continues and we will be going lower (even though our recent financing was set @ higher level). Just because they did financing @ high level doesn't mean the SP wont be going down more.
We've got good properties I know, but V.MNM you need to tell your story better.