The paucity of information available to shareholders is overwhelming.
The majority of announcements has been mandatory 4C's and Annual Reports.
The Chairman's Letter Apology in November 2015 mentioned patience, resolve and insignificant component costs which if reduced would see a suite of products ready for market.
If Mr.Channer is optimistic of the future as he's alluded to in the Chairman's Address, then why isn't he (or other Management) just wiping the small offers available on market?
Sol-M has just injected (pardon the pun) $200k to keep MGZ bobbing for a little while longer.
- Will this be used to look at alternate ways to manufacture the BCD (to close that component price gap)? - Is it to R&D other patents? - Is it to keep the biscuit tin topped up and photocopier turned on? - Is it to simply hold on to the ticker code for a little while longer?
How about you provide something more than balance sheets this year?
MGZ Price at posting:
1.2¢ Sentiment: None Disclosure: Held
