RE:Nibble Nibble
I am a first timer posting as I have sat back now for over 5 years on this whole MXI gig hoping that one day I can actually get my total investment back. Needless to say, it has been a disaster over the 5 year period and hopefully soon I can actually break even. I love the optimism everyone brings to the site but at times I get a chuckle at how everyone's hopes are so high with such little news/facts getting released by MXI. They have not even updated their headline news on the TSXV since June 2015. I wanted to rant and run and was glad to see that wreakhavok actually mentioned (albeit nicely and in a positive way) his disappointment in management granting themselves a ton of stock options with a 5 year term to cash out. The way I look at it is that our purchase of the JV simply helped the management line their pockets. As of Jan 31, our warrants are worthless which in reality we all should now realize that management just wanted to raise some funds to do the drilling and put these stock options in place for themselves with the investors like you and I getting nothing in return from the warrants! Last time I will be buying a private placement with MXI. They seem to forget how important the investor is for them and just worry about themselves. In the latest press release, they did not even update us on the release date of the 43-101.....again poor communication on their part. Anyways, time to run, I am sure I will get some negative feedback on this post but after 5-6 years of sitting back and just listening, I thought a new years resolution was worthy at this point in time to get my two cents worth!