TSXV:WMG.H - Post by User
Post by
MagInvestor1on Aug 29, 2022 9:25pm
110 Views
Post# 34928474
Payments to Employees and Who else are they Not paying??
Payments to Employees and Who else are they Not paying??Hi All,
Word is they will not make payroll from the accounting team in Canada. They had hoped for a bridge loan but no one will give it to them because there is no verification and no revenue to pay it back. The stock is worthless and that’s all that’s left to trade. 9/1/22 is quickly approaching. Not paying workers would be utterly devastating for Western Magnesium as a company and the sheer and utter embarrassment to burn through $2.5M in alpha capital in 3 short months now to face bankruptcy and being dissolved. How do you BURN though $2.5M in such a short time? Thats $10M a year, for WHAT???? The SEC, DOL, Delaware and Virginia are waiting. No one, I mean no one likes a company who doesn’t pay their workers, especially in America.