MAGOR CORPORATION MGORF

RE:balance sheet concern

[shawshank]

KindValue...I had expected or thought they would do an equity finance-and I know there is interest...but I been informed that is not in the cards-whether or not that plays out  I dunno-but they could do 10million right now and raise a fair bit of greenback...but the model is recurring in nature now-they do have an order interest backlog to the tune of $1/2million-and from I understand if I am interpeting it correctly-the que here looks very strong for 2016.

SS

kindvalue wrote: $50k in cash last qtr burning >$800k / qtr current liabilities $8.5M long term debt $3.5M they need to announce a huge contract which makes them financeable god bless Terry for keeping the lights on any other similar company would be bankrupt anyone who invests in jr companies knows how difficult it is to raise money