$MNGA ~Good opportunity for buyers: "Based on the
Post# of 66
Posted On: 07/24/2015 12:24:36 PM
$MNGA ~Good opportunity for buyers: "Based on the info of this deal and another one they got coming up next week or two...they are sitting on millions in projected revenue. It just takes time for these stories to be investigated by investors...which is why I see the price down a little today...great time to get more" On July 21, 2015, MagneGas Corporation (the "Company"
finalized a Memorandum of Understanding with Greeen Gas Supply, L.L.C. ("Green Gas" , (the "MOU" . The MOU was signed on July 17, 2015, however, the MOU did not become binding until Green Gas paid a non-refundable deposit of $10,000 to the Company on July 21. The MOU calls for the Company and Green Gas, within 90 days of the MOU's execution, to sign definitive documents with the terms to include but not be limited to the following: (1) Green Gas will purchase a $550,000 Plasma-Arc Gasification system for the production of MagneGas2 ; (2) a new joint venture company will be established in Louisiana to own and operate MagneGas gasification systems to produce and sell MagneGas2 into the metal cutting market; and (3) the Company will own 50% of the new entity and will receive minimum royalty payments of 5% of gross revenue plus equal profit sharing rights. http://magnegas.com/
finalized a Memorandum of Understanding with Greeen Gas Supply, L.L.C. ("Green Gas" , (the "MOU" . The MOU was signed on July 17, 2015, however, the MOU did not become binding until Green Gas paid a non-refundable deposit of $10,000 to the Company on July 21. The MOU calls for the Company and Green Gas, within 90 days of the MOU's execution, to sign definitive documents with the terms to include but not be limited to the following: (1) Green Gas will purchase a $550,000 Plasma-Arc Gasification system for the production of MagneGas2 ; (2) a new joint venture company will be established in Louisiana to own and operate MagneGas gasification systems to produce and sell MagneGas2 into the metal cutting market; and (3) the Company will own 50% of the new entity and will receive minimum royalty payments of 5% of gross revenue plus equal profit sharing rights. http://magnegas.com/
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1️⃣I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
2️⃣All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
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