Nasdaq ListingSo we had to do a reverse 3:1 split to comply with Nasdaq listing requirements to maintain $1.00 usd minimum share price.
Well guss what, We currently sit at $1.33 usd, so only .34 cents lower and we breach the mystical $1.00 threshold again. Thats only a 25% decline from here.
Now Mogo has dropped 12% in the past month, 30% in the past 6 months and a whopping 44% in the past year, so based on current economics with 10 year bond at 5% and defaults in the financial sector at record highs, where do you see Mogo going?
There is still much more pain to come and investors have zero interest in high risk penny stocks and to top it off Mogo has a disastrous and disappointing track record down 82% over the past 5 years and down 85% since inception. Why would anyone invest in this dog, they have been operating for more then 10 years, hardly a start up. Their track record speaks for itself, this company is not viable or profitable.