MPJ 0.00% 0.0¢ mining projects group limited

Ann: Capital Raising Update , page-4

  1. 1,924 Posts.
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    I have commented previously that I recommend to all holders to get out of this company due to conflicts of interest. I noticed the stock was down 50% and thought I'd see whats going on. Surprise surprise, another raising. The announcement spells it our beautifully regarding the 6% underwriting fee going to Frost's related company. And why would a sub underwriting agreement be needed? Is the underwriter not capable of actually underwriting the issue?

    Also, is there any reason why in the most recent annual report why I can't see exacly the breakdown of director renewmeration?

    The question is how much of these raised funds will end up in the directors' pockets or those of related companies. id bet a very high %.
 
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