Jul. 22 at 7:46 PM
$MWG
This company is struggling to raise money in U.S. markets by issuing additional shares! And that is a good thing! If you don’t show results, no more money for you!
Look at their registration statements;
On 03/28/205 they filed a registration statement with SEC for issuing up to 9m additional shares at
$0.2180 at 30% discount. No warrants.
No takers since there was no statement filed with SEC and no share count increase.
Again on 07/18/205 they filed a registration statement with SEC for issuing upto 18m additional shares at
$0.2056 at 30% discount plus one warrant at 120% of the offering price valid for five years.
This shows that the company is struggling to raise money.
