True but why buy anything that does not have any income and no chance to ever make a profit it does not make sense to any smart investor.
It may work for a trade but too risky because buying any stock that has never made a nickel, and gives their stock away at any price, is not worth the risk when there are many other company's that have real earnings and a real business not run by crooks.
Why would any one want to own a stock that has already stated that they will run out of money by May unless they get a loan, and they have not been able to get a loan under their terms. I wonder why.
I laugh at you laman. You have con artists running this worthless company and even calling them con artists is a complement. They are more like the three stooges. Wait a minute that in an insult to the three stooges.
What about all that B.S. about MGT's law suit holding up the takeover of WMS. They didn't even include provision for SGMS to opt out of the deal or pay less for the company. The fact still remains MGT is a penny stock by any measurement. They have no real core business. They have no ability to improve any business because they are just con men who are controlling the price of a worthless stock until they lose this law suit . Without a loan they will be in chapter 11 before the case is lost. Don't bet against another delay in the case.
Hopefully they are not getting paid in stock. I wouldn't be surprised if they convinced them to invest some of their winnings to in this worthless scam.
You don't even know that a company will never comment about a law suit. That proves you sound like a fool.Hold on to this stock better yet buy more you are a sucker By the way at their conference call MGT commented about the law suit, that should tell you they are a third rate company at best. They don't even understand how to run Fan Throw Down. They have to hire gamers to tell them how to run the website . Sounds like a company that you should hitch your star to. Sounds like you have great wisdom.
I agree with you. The stock market is all about being careful with high profile companies and finding stocks that fly under the radar. If you can find a little known gem, which this company might be, you have to patient .
I have no position in JCP. Retail stores need large sums of money to stay in business . This company is hanging on by their fingernails . It wont be long before vendors will be afraid to sell them because they have to be paid within a reasonable time frame,. If they have any doubt they wont be paid, they cut their ties and move on.
The best part of the pumping was when they showed the store. It was empty nobody shopping there.Then they showed a customer one person purchasing something, This reminds of interesting story of a women who 30 years ago went to the office of Merrill Lynch The broker recommended that she invest in Woolworth Department Stores . She said wait a minute, She ran downstairs walked into a Woolworth it was empty. when she asked the broker how he could tell her to invest in store that was void of shoppers, he had no answers which proved to the wise women that these guys are just con artists salesmen.