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mstandaert

1 Posts.

24/03/16

15:08

Post #: 17356416
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Originally posted by forty2km ↑

.... Thanks for your opinions and for your related posts. Coming to the end of my working life, I won't touch anything speculative again, I don't have any funds left anyway. This investment represented my life savings and I was really stupid putting it all on just one company. This after having been much more careful during the preceeding years in building my nest egg. I sold out of several so called blue chips to make this move, one of my biggest life mistakes and something that is also having an impact on my family. I just want to warn others now and urge you not to buy into this new listing. They do not have anything. If 30 plus years have not come up with a marketable jetpack, another 30 years at their avail won't make any difference either. I am so hoping to be wrong here, but my feeling is that they have been bluffing all along. It now looks like a joke seeing the jetpack strapped on top of a truck 'flying' over the Anzac Bridge (1:37) here in Sydney, just around the corner from where I live. The 11 engineer opportunities, listed on their website for months, have obviously still not been filled, except for another Chinese director appointment just a few days ago (yeh, they urgently need more directors). My feeling is that the company will be 'absorbed' into a much bigger O/S entity, once the market cap has fallen to below 100 million dollars, or the equivalent of a new Boeing 737-700, followed by a delisting from the ASX. And this could happen any time from now.

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Hi, I am a journalist interested in speaking to any investors in Martin Jetpacks and thoughts on the controlling share purchase by KuangChi Science, on or off record. Can e-mail me at [email protected] if so inclined.

MJP Price at posting: 50.5¢ Sentiment: None Disclosure: Not Held
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Once upon a time ......, page-45

Top Stories

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Immutep reports strong response rate from immunotherapies treating carcinomas

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SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

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Almonty locks in govt agreement for tungsten oxide plant in South Korea

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