OTCPK:MGMXD - Post by User
Post by
materialsgirlon Nov 01, 2016 5:27pm
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Post# 25412619
Where was the press release in 2010?
Where was the press release in 2010?Simply;
I read Rick Rules comments. There is no easy way for us to follow the money as the company borrowed and paid off more that a billion dollars as they got short term loans and then borrowed asset loans later to pay off the original loan. They also sold off portions of assets which carried portions of the debt with it.
Regular folks cannot follow this.
It is true that the company now has more assets than 42 months ago and the debt has stayed fairly stable.
Still, the gross margin and profits are horrible.
Rick claimed that it takes a long time for this type of asset to pay off. Here is a question.
Where is the press release from Ross Beaty in 2010 stating that results will be awful for 6 years due to the nature of the business?
AXY is treating investors as fools.
mat