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Mogo Inc MOGO


Primary Symbol: T.MOGO

Mogo Inc. is a Canada-based digital finance company. The Company provides simple digital solutions to help them in building wealth and achieve financial freedom. Its trade app, MogoTrade, offers lowest cost way to invest while making a positive impact with every investment. The Company also offers digital loans and mortgages. Through its wholly owned subsidiary, Carta Worldwide, the Company also offer a digital payments platform that powers card programs for both established global corporations and fintech companies in Europe and Canada.


TSX:MOGO - Post by User

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Post by Viking2233on Apr 23, 2024 9:05am
218 Views
Post# 36002969

Look at the Facts

Look at the FactsWhen you evaluate a company dont ignore the facts, so lets examine the facts here:

1. 15 years in operation and not cash flow positive

2. Negative 82% over the past 5years. If you invested $10,000 5 years ago your investment is now worth $1,800

3. Company had to do a 3:1 reverse split in 2024 to maintain their Nasdaq listing, 80% of companies who do a reverse split are not successful 

4. Company claims to have 2 million subscribers but cant generate revenue from these subscribers, thats called dmoke and mirrors

5. Look at current short report, Mogo has a float of 21,000,000 shares with 1,500,000 shares short between Canada and US listings. That represents 7% short ratio. This is not retail shorting, these are sophisticated institutional investors shorting who gave access to data and teports that retail does not have access to.

Do yourself a favour and get out while you can salvage a few pennies!
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