MJP 0.00% 0.8¢ martin aircraft company limited

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  1. 334 Posts.
    Having lost close to a million dollars in just a few months, I will most definitely take legal action, should this company fall into bankruptcy. And this is now a real possibility I think. I have based my post IPO 'investmentment decision' not just on the promises that were printed in their glossy shareholder prospectus, but also in their media releases, dating back a few years earlier. MJP promised over and over that they would come up with a personal jetpack, way before the now once again amended release date of currently 2017. Glenn Martin was then still a major part of the company, but as everyone now nows, he has since departed on rocky terms. I don't think that anyone in the current management team has any idea about marketing and/or how to properly manage a start up company. This is evident on so many levels. The latest comment on their Facebook site is that "they have plans to conduct manned flight demonstrations" and that "they are in discussions with various Civil Aviation Authorities". Wow!!!!! Just fly the thing outside your factory for just a few minutes!!!! Can you hear me????? This would be so embarrassing for me, if I were part of this management team. And yes, I also noticed that they have pulled information off their company website and off their FaceBook website, including anything that could be viewed as potentially controversial, such as their consideration to offer expensive French Champagne from a spring water type dispenser to flight simulator attendees in Paris. Luckily, they have so far not been able to touch this forum. I will now get in contact with the ASX and see what they can do to assist, but I am truly hurting, more than I can express in this forum.
 
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Currently unlisted public company.

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