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02/11/17
10:52
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MUS Ruby Auction Disaster of Giganteum Proportions!
Multi-millions expected to be raised, only paltry $713,456 delivered.
Now to MUS's Bank Balance and Cashflows!
See Sept 2017 Qrt Cashflow Report:
* $5,659,000 Expenditure for past 3 months
* $736,000 Cash left at end of Qrt
* $3,847,000 expected this (Dec '17) Qtr
Cash Shortfall: est $3,111,000
Conclusions: Given disastrous Auction Sales, where the cash now? Where's it coming from?
Note: all above stats are MUS facts.
IMO, the failed Auction is not the only bloodbath for MUS shareholders.