EL8 15.3% 34.0¢ elevate uranium ltd

Well basic duedillegence was not done on my part and I thought I...

  1. 565 Posts.
    lightbulb Created with Sketch. 45
    Well basic duedillegence was not done on my part and I thought I should share something I found which turned me right off this company.

    Hanlong, #1 top shareholder of MEY.

    The Company (MEY) has Convertible Notes with Hanlong Mining Ltd with maturity date of 14 November 2018. The key terms of the Convertible Notes are a conversion price of $0.58 per share, and an coupon interest rate of 8% per annum. The Company has the right to repay the debt at maturity in shares issued at $0.58 per share or cash.

    disallowed/business/hanlong-exec-ge...ce-in-australian-history-20160311-gngjji.html

    To summarize the 2016 site link "Last year, the billionaire founder of Hanlong parent "Sichuan Hanlong Group", Liu Han, was executed in China after being found guilty of a suite of crimes including murder, running illegal casinos and selling firearms while he was head of one of the country's largest mafia outfits.

    THIS is a great reason not to be associated with the remains of Sichuan Hanlong Group, and being that they are the #1 holder for MEY, I've lost interest.
    I'm not saying the entire group is in on this, I just wouldn't want my money tied up with people who have or had links to the mafia.
    Good luck to all holders
 
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Last
34.0¢
Change
0.045(15.3%)
Mkt cap ! $104.8M
Open High Low Value Volume
32.0¢ 34.0¢ 32.0¢ $441.6K 1.339M

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No. Vol. Price($)
1 18866 33.0¢
 

Sellers (Offers)

Price($) Vol. No.
34.0¢ 33705 5
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