I have been reviewing various micro caps and couldn't believe the amount of shareholder destruction there has been in MOT
It seems MOT's primary business is raising capital. Every second year they sprout a new revolutionary business idea which as usual eventuates to nothing and is another terrible excuse to get the snouts in the trough.
The share consolidation is surely the final nail in the coffin. Down an incredible 50%!!! The dilution for the next supposed cap raising looks to be a total disaster. I would not be surprised if the coming cap raising is ever completed that the price will no doubt have to be done under 1 cent to get the cap raising away. But who on earth would ever put money into such a shockingly run company.
I have seen badly run companies but this one defies belief!
I'll come back in 12 months time to see after this venture fails what these bright sparks think up next.
To MOT shareholders my sincere sympathies are with you. No shareholder deserves such terrible treatment