OTCPK:MGMXD - Post by User
Comment by
materialsgirlon Mar 29, 2015 2:53pm
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Post# 23574694
RE:RE:RE:Patience will reward?
RE:RE:RE:Patience will reward?Yep veracruz;
Boredom can set in within days for some people so waiting 5 or 6 years with no breakthrough by the company and a slithering share price would bore 100% of investors, me included.
Going forward the thing is this. By 2017 Proportionate attributable revenue could be circa $150m which is less than the sales of one Costco outlet but in the high margin green energy space a company with $150m in revenue is an intermediate player, sort of.
Now if the growth is accompanied by a massive increase in cash flow and a curtailment of head office fixed expenses and a 10:1 share consolodation and a listing in New York and the implementation of a serious divi then the world could open up. If we had a $6 to a $16 share price (after consolodation) then the world would be our oyster so to speak. We would be eligible to be considered in every mutual fund and in ETFs. Right now only the fringe players can be there.
We did have 5 or 6 years of sleeping and drifting downhill re the share price and this could be be immediately followed by a rocket like rise in 2016 or 2017. There is a very good chance that this will happen. It is almost sure to happen if management executes properly and random bad luck does not strike again.
It could be good
Mat