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  4. Mining Global Inc. (MNGG) Message Board

It just shows you what the main problem from the c

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Post# of 12259
Posted On: 02/12/2015 12:20:55 PM
Posted By: eater7
Re: Get2U #5482
It just shows you what the main problem from the company is right now. It is dilution. When revenues kick back in, first order to business is to buy as much of these shares at these prices as possible, and then clear all outstanding notes from the books. Debt free, and a shrinking share structure = big book value. Joel wants this stock to get under 1 billion shares. It may take time, but I think it can happen. Shows you the importance of the outstanding shares and relation to the stock. At current prices, we are taking about a 500k debt buyback to get us to 1 billion.


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