The previous incarnation of M8 was Aurigen who after 3 three...

The previous incarnation of M8 was Aurigen who after 3 three went into administration owing $37 million, having been loaned $23 million. Before that is was AnaeCo that went into administration, now it’s all called M8 and ran by the same MD who crashed the other companies. M8 has already burned through about $30 million and it still isn’t making a profit. How I do not know. You’ve had the previous chairman of Toxfree on board plus a talented pair of directors in Hyams and Fisher that have all left. Go Organics have just expanded their food waste composting facility near Gingin, most of the northern councils are now using the 3rd bin system to remove Fogo (food Organics, Green Organics) and compost it separately at Go. That food was is the stuff that produces methane to extract from a landfill for biogas, hence Gingin being called incorrectly a bioreactor landfill. There is minimal food waste that can ever go there now, Gingin will not be producing much gas. When the Fogo is removed from waste streams, the rest is pretty perfect for the new incinerators. After $3 million has just been paid back to M8H, plus a $300k set up fee, I would assume the rest will probably finish Gingin. The share price will jump when that happens but crash again when they can’t get any profitable waste in there. My advice would be wait until the license is issued and then sell the lot. Mean spirited Karadoc, no mate, just the truth and proper market analysis. After spending that much money and the share price collapsing by 96% I’d say I am pretty spot on. If anything you need to remove your wildly inaccurate comments about only 30% of waste burnt in incinerators and the indication that dodgy stuff goes on after dark.