Ann: Consolidation/Split - MGT, page-245

Im not saying it cant go higher than this in the longer term, it can, the thing to remember though if it goes up now it wasnt because of consolidation, it will be due to fundamentals.

Its amazing how many stocks right now you can just copy and paste the same story, management raising and paying themselves great salaries, whilst share price constantly declines, they raise again, until there are so many SOI , then they consolidate and name change, and do the whole story again, and people forget about this history.

Really we need to remember the history MGT used to be called Royal Resources (ASX:ROY) and back in 2011 they were all excited about their Razorback Magnetite Project etc. By 2014 it still hadn't got out of the ground. Fast forward to 2021, and a decade later, renamed MGT and under new management, it was the next hot resource stock, and this will go in cycles, they still have got nothing out of the ground here.

We are in the midst of another cycle of this pattern, what the best a name change comes soon enough before a cap raise, for the last decade its been a great company for all management, staff and CEOs, but not at all for shareholders, need to remember the reality here.