Post by
Viking2233 on Apr 23, 2024 9:05am
Look at the Facts
When you evaluate a company dont ignore the facts, so lets examine the facts here:
1. 15 years in operation and not cash flow positive
2. Negative 82% over the past 5years. If you invested $10,000 5 years ago your investment is now worth $1,800
3. Company had to do a 3:1 reverse split in 2024 to maintain their Nasdaq listing, 80% of companies who do a reverse split are not successful
4. Company claims to have 2 million subscribers but cant generate revenue from these subscribers, thats called dmoke and mirrors
5. Look at current short report, Mogo has a float of 21,000,000 shares with 1,500,000 shares short between Canada and US listings. That represents 7% short ratio. This is not retail shorting, these are sophisticated institutional investors shorting who gave access to data and teports that retail does not have access to.
Do yourself a favour and get out while you can salvage a few pennies!