Lessons to learn:
For Martin Bennett: don't try to eat more than what you can chew
For Joe Tracey: don't try to claim you own what you don't have.
So what's next for MZN?
- Class action by shareholders?
- Investigation by ASIC?
- Everyone in the mining/exploration industry will run away when they hear of Joe Tracey approach to have a joint venture or a deal of any sort?
- Down hole one hit wonder of 33m of 3.42% lithium will be investigated by ASIC? (declared just a few days before options expired to get the options over the line. Without this option conversion money, it would have been under administration a few months ago, and 3 months later it was corrected as only 10m with no info on % lithium).
- Paying the legal costs on both sides (must be over $1mil at least)
- Share price keeps falling down in days and weeks ahead to $0.001?
- KDR launches legal action against MZN directors for damages which could run to tens of millions of dollars?
- Life ban on directorship/management role of any public company?
- Forums
- ASX - By Stock
- KDR
- Court summary - can someone provide
Court summary - can someone provide, page-402
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