You can spin this anyway you, but management really hasn’t delivered much outcome for us holders. They’ve pretty much flipped flopped all over the place since I’ve been following MTC.
I sold most of shares, kept a small amount on the hope they do something constructive for the holders. Nobody will disagree the potential is there, I just don’t think these guys can deliver on it. Communication is poor, they botched the icobalt project, they missed deadlines for due diligence and nearly lost BCC, Dynavolt pulled out and we as holders have no idea what they’ve been doing for the last 3-4 months. You seem to be in regular contact with them, what have they been doing? I’ve emailed the company some time ago to get an update - no reply. We holders pay their wages, they should keep us in the loop with what they’ve been doing. My genuine fear is this company might become a lifestyle one.
You can say Dynavolt had their own internal issues, but they took a look under our bonnet and decided to not invest.
No one argues MTC could have some massive potential, the fact remains with this management team at the helm we might be having the same conversation in six months time......
MTC Price at posting:
10.5¢ Sentiment: None Disclosure: Held
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