Tony G Co-Investment Holdings Ltd C.TONY

April 30 - any news on the financials?

[freeofbull]

Has anyone seen anything?

[golddoggold]

There was a corporate update released by CFO about an hour ago. No mention of financials and some mixed updates it seems.

[420Professor]

Not quite sure how to take the corporate update, nothing very positive. Certainly no major News to get excited about. They announced previously that they must release financials by today, No finacial news was in the report. I think everyone is a bit confused at this point. I know I certainly am.

[freeofbull]

Somewhat concerning news in the corp update: 1) Investment recission - cash flow impact of $650K; now need to search for additional financing to support burn 2) Layoffs 3) Termination of agreement with R2G - BG now considering lawsuit Tough to focus on growth.

[golddoggold]

In the grand scheme of a new business finding its legs, there will inevitably be contractions. Giving this another read this morning, I’m thinking this is a healthy one: 1) Cash tightness invokes a healthy and serious (re)focus on sales. A new director of sales and marketing and a new head of sales were put in place April 16. (Seems to me 1m MGX shares trading at $0.26 today is only

[mike49]

I was asked to comment so here goes... If you are in- get out.take the loss and buy back when you know the terms of finance, if so inclined. Just me but I see a negligible amount of revenue coming #s (if they ever get released) and forward just went out the window and loss is astronomical. Kudos to the company for being honest. There is a sale/merge, banko, or an angel investor. And angel doesn

[mike49]

Silver lining here.. mgx out of the picture. The fellow behind the share exchange to begin with is best gone. One of those scrappy things that one has to do in a Rto. Anyway, seeing the sharks take "er down for the inevetible financing. You can hate those folks but beggars can't be choosers. Cheers