RE:Interesting reading.I believe it was 10 placees according to Probe's post. Number of shares: 4,852,174 shares
Purchase price: nine cents per share
Warrants: 4,852,174 share purchase warrants to purchase 4,852,174 shares
Warrant exercise price: 22 cents for a one-year period
Number of placees: 10 placees
So not 'someone' writing a half million pesos note.
That really doesn't mean much in itself, look at how many of us suckers have ponied up mucho denaros in the past, and where is it now?
These guys couldn't run a Kool Aid stand but they are expert at finding rich little old widows to fund their escapades.
Speaking about running things (other than into the ground) what kind of rocket scientists does it take to have financials audited (let alone the simple competance to have them filed on time, yes, that is a requirement when running with the big boys)
6 months?
COME ON MAN (to quote another genius of our time, you know, the one that brought us 'open borders', banned domestic fossil fuel production, defunded police, calls half the country domestic terrorists, appoints people to office based on skin color and gender/gender identity cause he's no racist/misogynist :-)
Oy vey
But I digress.
Connect the dots.
They didn't file because they got nuttin and they are buying time.
Period.
Is that the sign of a company that is on the verge of the biggest metalurgical breakthrough in recent history? (their claim, paraphrasing for brevity)
Do you really think that they were just about to go big time but they forgot to file financials?
Golly Gomer, Shazam, how'd we forgit them thar cipheren thangs!!
Andy, better git Opee tah run them down to that akountin fella in frog holler.
---------------------------------------------------------------------------------------------------- Washington, DC - TheNewswire - March 7, 2023 - Western Magnesium Corporation (WMC) (TSXV:WMG.V)(Frankfurt-3WM)(OTC:MLYF) (“Western Magnesium” or the “Company”) is pleased to announce all resolutions passed at its annual general meeting (“AGM”) held earlier today.
Shareholders voted in favour of all matters brought before them at the meeting, including the re-election of Edward Lee, Sam Ataya, Steve Thorlakson, Jeff Wilson, and Rabih Ataya to the Board of Directors; the appointment of Adeptus Partners LLC as the Company’s auditors; and the stock option plan.
The percentage of shares represented at the meeting was 43.73% with a total of 121 shareholders, holding 199,655,955 shares.
Due to a technical problem with the Microsoft Teams software, unfortunately, a number of shareholders were not able to access the online meeting. We are working with Microsoft to resolve this issue and once this is resolved we will send an invitation for a follow up discussion.
Did anyone get an invite to the 'follow up discussion'
A technical problem?
Ah ha.
It's all Bill Gates fault, I knew it.
Did anyone think that at some point they were not going back to the well?
I'm just surprised it wasn't sooner, alot sooner (looks like we are paying them too much)
Hey BigRig, are you and the REAL SHAREHOLDERS still here?
Going to vote to overwhelmingly accept all resolutions and re-elect all directors at the next AGM again? (assuming there ever is one)
Howd that one work out for.....all of us?
Maybe suggest a salary and benefits based on stock price?
Split, you nailed it with this one:
You can talk about past PP's when the company was trading and active, but that doesn't apply to this situation even remotely.
PP's are not even relevant to a company that isn't trading, you know what is relevant?
IT ISN'T TRADING.
Why not?
Because these clowns are incompetant.
They don't need an office, they need a big tent with three rings.
Private Placement a sign of hope.
Good god.
How about maybe communicating their intentions to shareholders or does that make too much sense?