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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