In Sep 2019 MRV CEO, Jason Elks, had the company’s debt down to...

In Sep 2019 MRV CEO, Jason Elks, had the company’s debt down to $5m and with some $14m due from its hard won success in court against the Queensland government, the company would have been debt free and with $5m in the bank. There were also other offers of finance. The company was in good financial shape.

A number of former MRV shareholders have said that they have suffered crippling financial loss of superannuation funds due to the sudden, unexpected announcement on 10 June 20 of MRV going into voluntary administration and soon afterwards liquidation. A company update less than 2 weeks earlier on 28 May 20 gave no hint of any financial problem. Shareholders waited years for the Granite Belt Project to reach production. The Dec 19 quarterly report published 3 Feb 20 announced under the heading HIGHLIGHTS that 13,177 troy ounces of silver had been produced with half year sales totalling 32,582 troy ounces. The company’s silver asset was capable of producing $30m profit per year for 8 years (CEO, Jason Elks). Then out of the blue on 1 July 20 the administrators announce that the company’s assets are to be sold and on 16 July 20 that the company is to be liquidated. So in the space of 5 months the company goes from a producer of silver with a profitable future ahead of it to liquidation. Why? MRV shareholders are owed an explanation for why and by what process their company's valuable metals assets of silver, gold, copper and zinc are now owned by another company, Jadar Resources for a mere half million dollars.

Fangulator, by what authority do you say, "The old directors of MRV aren't involved in JDR in any way and never will"?