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i took profit when they started bidwhacking it riding freebies now this is a real bad stock, a risky play a lot more fun to watch when you´re on freebies but i think there is one more bounce left...
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Just saw on IHUB that someone is claiming that MGWE is about to start a paid promotion where the pumpers, excuse me, promoters, got $200,000 cash. That led me to post this over there:
Something doesn't add up here. Can someone point out the flaw in my logic for me?
There are 44,000 share outstanding after the reverse split.
If someone truly paid $200,000 to "market" this stock, they would have to be expecting a good portion more than that in gains, correct?
Post R/S it's physically impossible for anyone to own 200,000 shares, so how could anyone make enough to cover that kind of expense, unless they are 1 of two things. 1) The company is planning to dump more than $200,000 of stock to people like us, or 2) there is some kind of toxic financing that allows some 3rd party to convert debt to shares, and they have a lot of shares given the current conversion price.
I was planning to buy in this morning, but that "paid promotion" thing is a HUGE red flag.
Good luck to any of you in this, but I'd make it a point to call the T/A ASAP this morning to find out the current O/S, and if the TA is gagged, run for your lives.
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