Below $1 Nasadaq thresholdSo here we go again, .97 usd closing. If you recall Mogo was forced to do a 3:1 reverse split because it did comply with Nasdaq Listing Requirements.
Now we only breached the $1 minimun today but if this continues to tumble there could be another warning from Nasdaq and potential reverse split to comply.
Reverse splits seldom ever work and Mogo is real life proof.
What will it take for investors to realize that Mogo is simply smoke and mirrors. They are not a start up, they are a 15 year old company is proven track record clearly demonstrates their business model is broken and not profitable.