MAF 1.86% $4.39 ma financial group limited

mafca, page-2

  1. 30 Posts.
    I don't hold any.

    As it now stands, this is the second worst stock in the history of the world. With 40 cents per share still to pay, anyone buying this now at $0.001 is getting a legal liability 400 times their investment. Invest $1,000 and owe $400,000.

    Only Brisconnections is worse. Buyers there got a liability 2000 times their investment. A $1,000 investment gave buyers a $2 million liability. Half of that is due on April 29 and when they can't pay they'll be bankrupted and have their houses and all their assets sold from under them. Shareholders are now PAYING $1,305 each to offload their shares in a desperate attempt to get rid of their liability. They'll probably fail any be bankrupted anyway.

    At least MAF still have a handful of misguided buyers. Anyone still holding it can get out at the moment, but in a week or two there will be no buyers. The price will flatline at $0.001 and there will not be any buyers.

    If you are thinking of buying it - don't. Stay away and watch the Brisconnections like trainwreck unfold. In a few months shareholders will be willing to pay people to take their MAF shares off them, but nobody will touch them.
 
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Last
$4.39
Change
0.080(1.86%)
Mkt cap ! $796.0M
Open High Low Value Volume
$4.36 $4.41 $4.34 $438.1K 100.0K

Buyers (Bids)

No. Vol. Price($)
1 326 $4.38
 

Sellers (Offers)

Price($) Vol. No.
$4.40 794 2
View Market Depth
Last trade - 16.10pm 16/07/2024 (20 minute delay) ?
MAF (ASX) Chart
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