MJP 0.00% 0.8¢ martin aircraft company limited

Once upon a time ......, page-9

  1. 334 Posts.
    .... Thanks for your opinions and for your related posts. Coming to the end of my working life, I won't touch anything speculative again, I don't have any funds left anyway. This investment represented my life savings and I was really stupid putting it all on just one company. This after having been much more careful during the preceeding years in building my nest egg. I sold out of several so called blue chips to make this move, one of my biggest life mistakes and something that is also having an impact on my family. I just want to warn others now and urge you not to buy into this new listing. They do not have anything. If 30 plus years have not come up with a marketable jetpack, another 30 years at their avail won't make any difference either. I am so hoping to be wrong here, but my feeling is that they have been bluffing all along. It now looks like a joke seeing the jetpack strapped on top of a truck 'flying' over the Anzac Bridge (1:37) here in Sydney, just around the corner from where I live. The 11 engineer opportunities, listed on their website for months, have obviously still not been filled, except for another Chinese director appointment just a few days ago (yeh, they urgently need more directors). My feeling is that the company will be 'absorbed' into a much bigger O/S entity, once the market cap has fallen to below 100 million dollars, or the equivalent of a new Boeing 737-700, followed by a delisting from the ASX. And this could happen any time from now.
 
watchlist Created with Sketch. Add MJP (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.