MNGA moving on takeover notice. 1.23 Up 0.05(4.24%) Expecting a much wider audience for their new product launch - MagneGas 2.

 

Greenbackers profiling MNGA, in light of new takeover announcement.

 

 

 

Examining a potential turnaround with MNGA on news one outsider as well as their CEO consider quite compelling for the company, in that it will allow the company to greatly expand their market for MagneGas® 2.

 

Magnegas Corporation (MNGA)

-NCM  Follow

1.23  0.05(4.24%) Aug 19, 3:59PM EDT

Day's Range:	1.20 - 1.25
52wk Range:	0.40 - 2.45
Volume:	509,838

 

 

 

• MagneGas Signs Agreement to Purchase Gas Distribution CompanyPR Newswire(Tue, Aug 19)

Noteworthy from the company pr:  MagneGas Corporation, a technology company that counts among its inventions a patented process that converts liquid waste into a hydrogen-based fuel, announced today that it has signed a Letter of Intent to purchase an established industrial gas distribution company with estimated 2014 gross revenues of approximately $2 million. 

 

"Signaling confidence with our new product MagneGas® 2, we now are entering the next phase of our expansion into the industrial gas market with the intent to purchase a local well-established gas distributor. This purchase would provide a springboard to introduce and sell MagneGas® 2 to a wider audience of customers around the Tampa Bay area," stated Ermanno Santilli, CEO

 

 

 

 

Notice the steady, daylong upping Monday....

 

 

 

 

Overall, not a bad chart in 2014....Notice since runup last spring, the stock displaying ability to channel back to upper 1s, while displaying ongoing support around 1.10, adding to limited downside risk appeal....

 

 

 

Besides the 8/19 news, also noticing a string of developments this summer:

 

• 
  MagneGas Completes Sale of System to Central Asian CompanyPR Newswire(Mon, Aug 4)
• MagneGas® Featured on Bloomberg Street SmartPR Newswire(Fri, Jul 25)
• MagneGas® Signs Agreement with Georgia TechPR Newswire(Thu, Jul 24)
• MagneGas files provisional patentsat theflyonthewall.com(Wed, Jul 23)
• MagneGas® Files Provisional Patent on Design Improvements and New GasPR Newswire(Wed, Jul 23)
• Announcing Webinar on new MagneGas® 2 Product LaunchPR Newswire(Tue, Jul 22)

 

 

 

Examining Financial stats, what stands out the most is no debt....In addition, trades at a very respectable 3times book.

Balance Sheet
Total Cash (mrq):	6.44M
Total Cash Per Share (mrq):	0.19
Total Debt (mrq):	0.00
Total Debt/Equity (mrq):	N/A
Current Ratio (mrq):	16.43
Book Value Per Share (mrq):	0.44

 

 

 

 

 

 

 

 

About:

 

Ermanno P. Santilli
Chief Executive Officer, Interim President

Ermanno Santilli

Mr. Santilli has invested over 15 years with Fortune 500 brands such as Club Car, Bobcat, Thermo King, and Trane at Ingersoll Rand Company. He successfully stewarded global and international businesses with diverse teams of sales, marketing, engineering, sourcing, finance, and distribution. After graduating with a Bachelors of Science Degree from the prestigious Boston College Carroll School of Management, Mr. Santilli obtained a Masters of Business Administration from the Indiana University Kelley School of Management. Morerecently, Mr. Santilli founded MagneGas Europe where he became an expert in the MagneGas technology and business model and its various applications.

 

 

 

 

 

http://magnegas.com/

 

 

 

 

 

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