This is the great con in a nutshell! MO sells us on the idea of a pipeline of work for emc. Fails to mention that the work will cost more than they have. Investors are kept in the dark.
The company then needs to justify the sale by telling the truth, we don’t have the cash. They inadvertently torpedo TAG because everyone becomes aware that they don’t have the cash either.
CCE Price at posting:
1.9¢ Sentiment: Sell Disclosure: Held
