Only just had a chance to catch up on all the recent updates.
Regarding MMGA and their letter, fucking idiots would struggle to run a company. They don’t even understand that no one will ever type in a web/email address that’s 1k characters long.
I thought they would have at least hinted at being able to secure a TO, as that’s about the only thing I thought would have secured them the votes needed.
The positive is that it forced management to actually update shareholders. It a shame that they haven’t just provided updates throughout the last few months, however now that they have, I’m hoping they continue do so as opposed to reverting back to the cone of silence.
I’m concerned (perhaps unwarranted) that they are now talking about an MoU. If the strategy is secure the MoU and then progress through to the ML, without reopening for trading beforehand, that’s ok.
If we just have an MoU and then reopen trading this will allow significant manipulation of SP, and those that have been shorting/rat-fucking us all this time will benefit from it.
Lastly, credit where credit is due, nice work MoneyBags on the info re: ‘Big Trouble in Little China’, thanks for sharing.