Majestic Gold Corp. V.MJS

what to do?

[richard45161]

since share buy back programm 1, there was "good reason" to believe that mgm/company would benefit their shareholders. As we now know, sharebuyback 1 was a scam and buy back programm 2 was a joke. ( a bad one, on our cost, their was not a single laugh about this)

since the IPO of PRG was repeatedly used as the reason why their was no share holder value measures possible, there was "good reason" to believe that after the IPO, mgm would answer the 3 qeustions
- how will we benefit from the ipo
- how will we benefit from the success (the amounting cash reserves) of the last 3 years and
- how we will benefit in the future

IPO was done 21.12.2023 and 6 months after, there is still nothing.

We know that there is a small number of BIG shareholders who represent the majority that was addressed before (asset transfere and ipo PRG) and can exercise control over the company, due to redirecting/fire directors and propose items for voting at the AGM.

Us, the small shareholders and them, the big shareholders, we all are burning a lot of money with this investment due to opportunity costs. Everybody of us lost at least 20% due to opporunity costs and also some % due to inflation.

So why is the small group of BIG shareholders accepting that their money is wasted when the fundamentals would allow share holder value measures?

I really dont know and i really want to understand. If somebody has some reasonable explanation, i would be happy to hear. (I will ignore of course all the baseless bullshit that was mentioned before, so why bother)

The only thing i "think" can be for sure, is that this small group of BIG shareholders is sufficiently informed on whats going on and when something is going to happen. I really cant think why they would except this level of MGM BS for this long if they would be kept in the dark like us small shareholders.

again, i dont know and i really would love to know. 

Whats left is that every reasoning for sanity, professionlism and decency in the mgm is pointless. The MGM will do what they will do when they want to do just because and presumably the small group of BIG shareholders is on board.

There is nothing here but to accept that A - go out of this dissaster of investment or B- stay in and accept that there is no reasoning what so ever and something will happen when something will happen :)

One day, the small group of BIG shareholders will need to sell shares to new investors. To whom they want to sell their shares if they and the MGM trated small investors like s##t for many years? Who will go forward and say under this condition, please take my money and treat me like s##t like i always wanted.

I f##king dont get it.

I am not here to convince anybody or to make rainbows and sunshine out of nothing. IMO, the shareprice will only move if there is reliable proof that small investor will benefit.

So far, its a money burning frustrating piece of s##t with 100 mio cash, made possible by investors who only get a middle finger for it.

greatg work mgm
just great

[Freddy1989Germa]

"IPO was done 21.12.2023 and 6 months after, there is still nothing." So you actually go to another stock exchange so that the share is traded more and more volume comes into the share that doesn't happen with Majestic that's just bad luck.   If you bought at 0.07 euros, as you always write in the forums, then buy more so that you can lower your cost price.