What an absolute joke it was reading the Hartley’s report posted on the website. ‘Hinting’ at the possibility of a capital raising at 2c worth $16M. This would have to be the worst kept secret in history. The manipulation of the Share Price to below 2c given the flow of good news has been absolutely appalling and has clearly been orchestrated by people ‘in the know’. $16M at 2c would mean and extra 800,000,000 shares and a horrendous level of dilution for current shareholders. How could this be allowed to be published on the website given the current uncertainty about debt financing and key milestone dates being missed?
You had an ideal opportunity to clearly articulate and demonstrate value in MZI at the Rising Stars conference this week but this was all over-shadowed by the potential 2c capital raising in the Hartley’s Report which obviously has been pre-agreed. It’s all very obvious isn’t it. What a way to show the market what management truly feel about the prospects of MZI by raising at 2c. The next 12 months were meant to be BIG for MZI. Why 2c? Why not 4c?
Promises have been made regarding debt financing for Keysbrook over the past months which was due in Q1. We are now in May, 6 weeks on and still no financing deal despite an off-take agreement being made. Now mention of June.
Please explain as this is causing a lot more damage than it is good.
What a joke.
MZI Price at posting:
1.9¢ Sentiment: LT Buy Disclosure: Held