My understanding is that as far as MGC is concerned varmco’s CEO’s promise to pay in the 2nd half of the year started from 1st July and they are pursuing it now. They want a quick resolution because they understand completely that its dragging their reputation down and is of absolute concern to their shareholders. If necessary they will sue for performance. They don’t want to do that but any further delay is forcing their hand. That message has been made clear to Varmco.
This may not be as soon as end of July but the wheels are certainly in motion.
It was also made clear that in MGC’s opinion, compared with their competition, their market cap should be 3 times its current value if not more.
My understanding is that as far as MGC is concerned varmco’s...
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Mkt cap ! $14.00M | |||
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