Watch the video to learn about the probability of Mustang Alliances, Inc. (MSTG) Chart Signal as of May 24 2013
This free program will calculate the probabilities of Mustang Alliances, Inc. (MSTG) stock chart
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position from Wednesday to close at $0.50 per share. Yet, traded volume of MSTG jumped up, reaching 783 thousand shares for the day.
Nevertheless, the next move of the stock is hard to be predicted as any announcements on Mustang's present activities are missing. The last news came up on Nov 1 when MSTG reported that it has dismissed its principal independent accountants by notifying Wolinetz, Lafazan & Company. Though, since then nothing further was announced.
The situation got even more questionable when Mustang reported that its quarterly report was not ready on time. On Monday, the company filed a notification of late filing for the quarter ended September 30 this year and did not specify when the results will be released.
In this case, what's left to discuss about Mustang? At this point - only old data that might be not reliable at present. And even if it were, the previous 10-Q of MSTG is rather discouraging. Especially, when looking at the negative stockholders' deficit, the increasing accumulated deficit and the higher amount of liabilities.
All the above-mentioned facts can easily explain the going concern consideration for Mustang and its future operation.
Watch the video to learn about the probability of Mustang Alliances, Inc. (MSTG) Chart Signal as of May 24 2013
Hotstocked Precision will calculate the probabilities of Mustang Alliances, Inc. (MSTG)
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1. spike.emy
November 21, 2011, 07:06AM
At the end of June, the company had 2 lease agreements for mining leases in Honduras, acquired for a consideration of company's stock and $5K. What may come out from this nobody knows.
Do you have some info about the potential of Honduras?
2. Guest
November 18, 2011, 05:31PM
Does Mustang operate gold mines in Latin Amerika ? I have read they have several mining concessions there