Thanks Carter for the Report What happened to all the money raised.
I said all along 6 months ago that MTX didn't have enough cash despite raising $3.1 million in Dec 2020 /Jan 2021. The funding was geared for Quebec and diamond exploration in SA.
Chuck and his management team led by Chad are absolutely incompetent. Chuck spent his time racing horses and neglected both MTX and CD. He discovered Ekati and became a legend in his own mind.
There are 12, 261,376 warrants outstanding to be exercised from Dec 23, 2022 to Jan 15, 2023 at $0.10. Those warrants were from the last private placement financing. Presuming, they all get exercised, it will provide -about $1.3 million to the treasury. Chuck has to push the stock past $0.12 or $0.13 to entice subscription. Otherwise, he will have to write a cheque and put it on MTX as shareholder's loans.
Chuck is a psycho when it comes to his stocks. He never sells and a dumbass. Why the fu*k would anyone in his right mind allow CD that raised $10 million and let the stock went as high as $7.0 to fall back down to as low as $0.25.on a major Yukon discovery?!!
Chuck needs to find JV partners to make him fly straight. What an idiot. Maybe, the two companies are worth more "dead" than alive after his last breath is gone. Shareholders are sick of him giving out positive news release and not delivering as promised.