TSXV:WMG.H - Post by User
Post by
RawSiennaon Feb 15, 2022 2:17pm
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Post# 34430931
What we've learned from the latest financials..
What we've learned from the latest financials..WMG is now blowing through approximately 25 million dollars a year.
They still have not proven to the public they can produce magnesium.
They are years away form a "commercial" production plant.
Have an aggregate accumulated deficit of $52,129,621
Their largest shareholder is now Alpha Capital Anstalt ( Alpha Capital Anstalt is located in Vaduz, Liechtenstein and is part of the Nondepository Credit Intermediation Industry.)
And this from Bong, who according to him is a MAJOR ASSET
"Having a writeoff of 53 million in my opinion, especially if my business has great potential, is a major asset."