MPJ 0.00% 0.0¢ mining projects group limited

Ann: Capital Raising Update , page-4

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,924 Posts.
    lightbulb Created with Sketch. 38
    I have commented previously that I recommend to all holders to get out of this company due to conflicts of interest. I noticed the stock was down 50% and thought I'd see whats going on. Surprise surprise, another raising. The announcement spells it our beautifully regarding the 6% underwriting fee going to Frost's related company. And why would a sub underwriting agreement be needed? Is the underwriter not capable of actually underwriting the issue?

    Also, is there any reason why in the most recent annual report why I can't see exacly the breakdown of director renewmeration?

    The question is how much of these raised funds will end up in the directors' pockets or those of related companies. id bet a very high %.
 
watchlist Created with Sketch. Add MPJ (ASX) to my watchlist

Currently unlisted public company.

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