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your entitled to your opinion cad as it is just that. MFs...

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The Greenkeeper

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01/09/17

11:42

Post #: 26927220
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Originally posted by Caduceus ↑

imo that is painting a false picture of the events of the last 2 years
MF did not risk his own company, he had a group of entities that in 2015 made a collective loss of a little over $900,000
Rather than keep incurring losses privately while he brought them all under one umbrella and grew the business, he RTO's into a failed miner, raised enough for a couple of years operations as a public company with very impressive milestone shares in the event it succeeded

There is absolutely nothing wrong with that, and I want this business to be a success. But its important to turn on the fog lights and see that revenue is down compared to end of 2015, losses are over double than end of 2015 at over $2 million in last FY, M1 needs $2.5 million revenue to be achieved by end of 2017, these are facts

MF did not risk his own company, he shared a vision and investors risked their capital and so far that vision has not returned anything concrete. If it had noone would be arguing with the bulls and the SP would not be 1.7c

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your entitled to your opinion cad as it is just that.

MFs ownership of IAM is up in the air, that is a fact.

IAM Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
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your entitled to your opinion cad as it is just that. MFs...

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

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your entitled to your opinion cad as it is just that. MFs...

Top Stories

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

BCI reaches close of funding facility for salt-first part of Mardie project

Buxton projects new graphite province discovery at WA Narryer play

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

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