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4.3¢ liquefied natural gas limited

Magnolia LNG December 2019 Newsletter, page-22

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mbatista

903 Posts.

72

23/12/19

18:18

Post #: 42108438
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Originally posted by MoneyBags1348: ↑

- Liquidity: selling assets to raise cash
- CR: selling ownership / equity / our shares (the amount of capital contributed by share holders)

Which ever way they decide to raise the money needed to pay their salaries and continue operations, it will have to be this Quarter and GV stated this will take place before re-domiciling.

I guess that's one problem mw, the other one involves the rules around listing on the NASDAQ.

Re-domiciling is something the company has thought about for years and doesn't involve confidentiality around signing SPA contracts. There is no reason that they wouldn't have this information and no reason that share holders shouldn't be able to know the process, where it's at, and the issues involved.

Think of it this way, you, I and many others have been owners of this company long before the current CEO and CFO and if they were doing their jobs I would expect they would know this information and be transparent about it!!!!

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"Which ever way they decide to raise the money needed to pay their salaries and continue operations, it will have to be this Quarter and GV stated this will take place before re-domiciling."

Unlikely. This quarter is about to end. It will most likely be March quarter 2020.

LNG Price at posting: 19.0¢ Sentiment: Buy Disclosure: Held
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