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MagneGas Corp MNGA

"MagneGas Corp is a part of the energy markets. The company creates and produces hydrogen-based alternative fuel through the gasification of carbon-rich liquids, including certain liquids and liquid wastes. It also markets, for sale or licensure, its plasma arc technology for the processing of liquid waste. In addition, the Company sells metal cutting fuels and ancillary products through its subsidiary, Equipment Sales, and Service, Inc."


NDAQ:MNGA - Post by User

Post by stocksnbonds458on Aug 07, 2018 6:05pm
183 Views
Post# 28424063

New Team

New TeamThis new managment "turnaround specialist"  consulting group Edison may actually turn this into a success story. Magnegas is now aggressively pursuing dirtribution and sales contracts throughout Europe and North America, with a focus on aquisitions whenever feasible. They have purged the family from the Board of Directors and have instituted one that is totally independent. What was once very dysfunctional is now (possibly) very competent and geared towards real growth. Time will tell
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