MTC 0.00% 18.0¢ metalstech limited

[email protected]@Metalstech.netGrab your popcorn!The...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,009 Posts.
    lightbulb Created with Sketch. 2703
    [email protected]
    [email protected]


    Grab your popcorn!

    https://hotcopper.com.au/data/attachments/6495/6495654-3edbbc8dab8acd3aff8c45090a098519.jpg

    The movie has started!

    Can directors, who's legal duty of care it is to do what's right for shareholders sell 17.9% of there personal shares at 53c then do a capital raise for less than 53c ???

    The answer is NOPE! No chance, NO WAY ! smile.png

    The question will be made by lawyers that if MTC needed funds soon, why didn't they simply do a small placement of say 5 million MTC shares at 53c to Minerva and raise $2,500,000 which is Way Way Way more than needed to wait out the strategic sale process Gino has been advertising on many Youtube video's !

    Instead of taking a $550,000 cash Deposit from Minerva into there own personal pockets, just a small 1 million share placement to Minerva at 53c would have been the only thing legally they could have done that was in shareholders best interests & not there own best interests....

    The question today is also obviously, why didn't they just accept TFM 63c total offer which is multiples higher than 16.5c & not too far away from the 53c they sold there personal shares at ?

    Questions, Questions, questions!

    Shareholders are paying the price today, but unless they get this sold for greater than 53c or get funding for greater than 53c equivalent , then it's directors buttholes that will soon be paying the price! eek.png

    The good thing for shareholders is they are desperate to pull a rabbit out of there Ass's to stop there buttholes being examined at Acacia Prison Perth !
 
watchlist Created with Sketch. Add MTC (ASX) to my watchlist
(20min delay)
Last
18.0¢
Change
0.000(0.00%)
Mkt cap ! $35.46M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
2 392 17.5¢
 

Sellers (Offers)

Price($) Vol. No.
17.5¢ 49670 1
View Market Depth
Last trade - 07.02am 01/11/2024 (20 minute delay) ?
MTC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.