Of course, why not. Mr N looks like hired a group to give a vision of where MGU stands - I know you fell for it.
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Don't get me wrong. If MGU does well, its good. I may also join. I lost around 30% on a big play from 11c to 8c before I exited. And I am waiting. Its nearly 3 years.
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I have been honest. Look thru my posts from last few years, lots of posts, detailed. Bottomline - BV is not economic.
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And what has Mr N done in last few years. Created a maze. He is a global leader. Travelling to Malaysia, Singapore, Saudi, US, Brazil, China - you name it, he has done it. All on share holders money. He has nothing to lose. He didn't have any shares. MGU has no money. So they decided to give salary in shares. Now Mr N is a proud holder of MGU shares.
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You feel entitlement offer is looking good now, you might be new to this trick.
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Original Prospectus -
https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02909574-1JHMNML2QQVRHMHU1S8GDINOBA/pdf?access_token=0007d0AcieaYeDnhDNSnZapvqMS9.
First extension -
https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02921287-0K1RL2VNO6SISN7SMVTPQV86DM/pdf?access_token=0007d0AcieaYeDnhDNSnZapvqMS9.
Second extension -
https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02921287-0K1RL2VNO6SISN7SMVTPQV86DM/pdf?access_token=0007d0AcieaYeDnhDNSnZapvqMS9.
Third extension -
https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02926439-7UQ2TLEVKQL8EU7ADP2S4TVH7A/pdf?access_token=0007d0AcieaYeDnhDNSnZapvqMS9.
Fourth extension -
https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02931497-6NNQ5NF4FE3QPEK3KVOHA70845/pdf?access_token=0007d0AcieaYeDnhDNSnZapvqMS9.
Fifth extension -
https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02938439-1TN4OM872B08FMS32OV2MC14RU/pdf?access_token=0007d0AcieaYeDnhDNSnZapvqMS9.
Sixth extension -
https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02944044-7LMPCJMQ9VJF5NUMFJK2TGRQFB/pdf?access_token=0007d0AcieaYeDnhDNSnZapvqMS9.
Now be honest. If in your life you have seen, let me know which stock and when. Mr N very conveniently, got out of CEO. All this time, after massacring share holders. So they hire a hit squad. We will pay you 10k to push the SP to 0.9c. So that punters may feel, oh well, SP at 0.006 with options, effective price 0.005, a great play here. I know how you feel. They needed to raise only 500k, then they can declare a shortfall. They must ambushed that person who said we have to raise 500k. It should have been 100k. Maybe it was Mr N. So he was demoted to be just a director from a CEO. Lots of blunders from Mr N, there is nothing positive till now. Worst case scenario, they don't raise money, they go into admin. Management don't lose much. they don't have much skin. Those who bash me the most would be the biggest losers, unfortunately.
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I am ot saying anything good can happen here. I have been associated with MGU, playing and watching for over 4 years. Believe me. There are much better plays outside. Here you need a miracle. Holders don't have to get so desperate. But I understand. There are 1000s of stocks on ASX. Some do well. Some don't. We often think - why are people still stuck in stocks that don't do well?. Now you know. I wish you well. But please read all my posts for over 2 years - very elaborate, explaining everything, please don't ump to conclusion, there are lot of holders here who will goad you to do. I hope you can do better than them. All the best.
(20min delay)