Morella going bankrupt?, page-59

Wasn't much they could do really, it's the final death rattle of a lifestyle company. They have raised and raised and diluted it into oblivion, they couldn't raise capital when it was trading at .003c so a consolidation was the only option to try and secure funding. Sadly, for 1MC holders the BOD fully invested its time in SYA and didn't seek out a project for 1MC to try and sell a story around now it is in the same position it was in pre consolidation where no one is interested in taking a raise, so they tap existing holders.

You have to admire the hubris of this lot, crashed and burned when they were AJM and torched 99% of investors funds, relisted with a promise of acquiring a project but did nothing for years preferring to spend time on SYA while voting themselves pay rises and issuing performance shares, consolidated and torched 95% of holders funds.

The current 'raise' is a two for one at 3.6c when its trading at 3.1c anyone taking that up will burn 100% of their funds in support of a lifestyle for the few, 1MC will delist in the next few months unless they keep funding it from SYA as they have been.