OTCPK:MGMXD - Post by User
Post by
materialsgirlon Apr 30, 2017 11:35am
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Post# 26184338
Ironically, horrible management now prevents a bloodbath
Ironically, horrible management now prevents a bloodbathWe can anticipate dreadful results for Q1. Why so? Because 24 out of the last 25 quarterly results were subpar or horrible and the past does provide a good clue about the future.
Yet, I predict that there will be no bloodbath re the share prices. Why so? Because the current share price already includes an expectation of bad performance forever. Funds have avoided the company like the plague. No wonder.
My prediction is that results will be bad but the share price will say ho-hum.
Sadly, booting out the Board seems unlikely. I am hopeful of a wake-up call but I am not certain.
mat