Can KDR/ASIC prevent MZN profiteering from this legal saga?, page-107

On 20th of Dec, MZN announced that it hit 34m of spodumene at 3.1% lithium, and on 28th of Dec MZN again announced that same drill hole result is actually 33m at 3.2% lithium, then 2 days later it announced that Argonaut Capital has agreed to underwrite up to 100 million options at 2cents.

3 months later it announced that the true width of that mineralisation is only 10m and not stating clearly what % lithium it is. What the f... Clearly a very suspicious fraudulent attempt to get the options over the line before telling it shareholders of the truth of the nothing-significant drilling result.

2 out 3 directors did not dare to convert their options at 2cents even Argonaut has stepped in to underwrite the remaining options up to 100mil options. One of them was willing to throw 12,500,000 options to the rubbish bin rather than take the risk of converting to shares.

I can smell a lot rats in this company and I would not be surprised after this whole legal sage is over MZN directors will have a lot of questions to answer for from its shareholders and ASIC.

2, 3 days ago there were 12,000,000 MZN shares on buy side at 1cents and a meagre 200,000 MZN shares on sell side at 1.1cents but this overwhelming ratio still did not convince sellers to stop selling at 1cents. Look like directors and shareholders are exiting MZN as it is doomed to go under after this legal episode is over.