Take a look at this prospectus closely all holders of this...

Take a look at this prospectus closely all holders of this stock.

$1.5 million (~26%) of this cap raise is allocated to the construction of the Malta facility, that won't even be enough to pour the slab. BM pockets $300k out of this placement through his chieftain company on top of his ludicrous salary.

The biggest kick in the teeth for shareholders is that the largest portion of the fund allocation is to admin and remuneration for the directors at 30%. Combined with the costs associated with the placement itself, that's over 36% of the funds raised getting chewed up straight out of the gates.

If you think management are acting in shareholders best interests you've got the wool pulled over your eyes, all they want to do is string you along for as long as they can because there is literally no downside to them for failing, if management get booted they get a nice payday.

The current management have got their golden goose and that goose is MGC shareholders.