Bullboard - Stock Discussion Forum MAGOR CORPORATION MGORF

Technology Software - Application

"Magor Corp is engaged in designing, developing and marketing of a visual collaboration software platform that integrates personal computer collaboration, high definition video and wideband audio for the enterprise market."

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MAGOR CORPORATION > balance sheet concern

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Post by kindvalue on Jan 13, 2016 4:17pm

balance sheet concern

$50k in cash last qtr burning >$800k / qtr current liabilities $8.5M long term debt $3.5M they need to announce a huge contract which makes them financeable god bless Terry for keeping the lights on any other similar company would be bankrupt anyone who invests in jr companies knows how difficult it is to raise money

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Comment by bullrun2016 on Jan 13, 2016 6:26pm

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Comment by shawshank on Jan 13, 2016 7:22pm

KindValue...I had expected or thought they would do an equity finance-and I know there is interest...but I been informed that is not in the cards-whether or not that plays out I dunno-but they could do 10million right now and raise a fair bit of greenback...but the model is recurring in nature now-they do have an order interest backlog to the tune of $1/2million-and from I understand if I am ...more

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