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MagIndustries Corp MAAFF

MagIndustries Corp is engaged in development and exploration of potash salt deposits. The company has two business units: MagMinerals and MagForestry. It is primarily engaged in the financing, developing and placing into production or operation of the projects such as potash plant, a potash exploration and eucalyptus plantation and chip mill. Geographically all the operations are functioned through the region of Canada.


GREY:MAAFF - Post by User

Bullboard Posts
Comment by Ethanbrodieon Mar 22, 2011 11:57pm
213 Views
Post# 18325934

RE: RE: Knut gone?

RE: RE: Knut gone?he probably is not with the company for 2 different or same reasons..
1. He gave investors too much information that was not public knowlege and got into big trouble.
2. they do not need his services and are burning cash. they decided his services were no longer needed and someone else more important can fill his position until the economics of the company are more favorable. Especially when the year end results come and they can say that they are "reducing cash burn" ect.. to try and spin a positive.
Bullboard Posts