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14/06/17
09:05
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Originally posted by plough
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"Whilst that review remains underway with positive support from KCS, the Company has now been notified by KCS that they do not wish to provide further capital to the business until such time as a viable commercial pathway for the aircraft can be determined in more detail - and until control of the Martin Aircraft Company Board is established."
Ouch ! Wonder where the share price will end up today after that bombshell
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If the company can't raise funds it will face some very dire prospects.
The Chinese might have picked up an ASX listed shell and jetpack IP for $50m, although it may have to go through voluntary administration first.
Not saying these things are a certainty but it's not looking good for MJP.