RE:RE:RE:MWX private placement Absolutely troubling. We reluctantly provide overwhelming support to the raising of requested funds amd when given the opportunity to pick up excess shares at 1.5 cents we oversubscribe.
Knowing that there is about $1.5 million sitting in our accounts willing to buy shares at 1.5 cents which means any shares we pick up would be a net cost of 3 cents post consolidation they want to pick our pockets at .03 cents (6 cents post consolidation).
I thought I might pick up a few thousand extra shares at 1.5 cents. Given we were told how strong the response was. I did not expect nor want that all the money I put into the account would be utilized. Now they want it all. What a betrayal of our good will gesture to support their request for funding. Have to really question the judgement of the leadership and bush league approach. Betrayal, loss of credibility, greed, hypocrisy, stupidity -- take your pick. What will happen to public perception if this offering is not fully subscribed.
If they needed the $1.5 million it should have been part of the rights offering. Better put out some positive news to support this ill advised offering.