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Bullboard - Stock Discussion Forum Western Magnesium Corp V.WMG.H

Alternate Symbol(s):  MLYF

Western Magnesium Corporation is a producer of green primary magnesium metal. The Company is focused on plant operations and magnesium production. It uses a continuous silicothermic process to produce magnesium with low labor and energy costs while generating minimal waste and toxic by-products. The Company's technology eliminates inefficiencies and allows for a continuous, mass production of... see more

TSXV:WMG.H - Post Discussion

Western Magnesium Corp > Can't post under a deceptive headline
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Post by stockprobe19 on Feb 15, 2022 12:49pm

Can't post under a deceptive headline

KTD, I'm not picking on you but when you play into the deception aren't you part of it? This is the point I have been trying to get across. The headline reads 23.5 million loss last year and total debt 52 million. Then you ask  So that won't have any impact on the uplisting to NASDAQ, right?

I believe the 23.5 million maybe a loss last year and I think the 53 million maybe a combined total loss over the history of the company. Remember losses aren't a reflection of debt but of moneys spent over the history of the company. EVERYONE in business knows that losses can be carried forward as write offs against future gains as in profits. Now I ask you again what are the total loans for the company because that has an impact on the uplist. Having a writeoff of 53 million in my opinion, especially if my business has great potential, is a major asset. Worring about a filing is another deception or distraction from what is truely happening with WMG. Stop swimming with the decievers and if you must reply to a post change the heading to reflect the truth not the lie. 
Comment by KonnectTheDots on Feb 15, 2022 1:08pm
The question was asked in sincerity but no answers submitted. Again, if having years worth of revenue is a condition of listing on NASDAQ, how can it be done? Stop worrying about who people are swimming with and deflecting, for once answer a question.
Comment by Bingbong87 on Feb 15, 2022 1:26pm
Standard No. 4: Assets With Equity  Companies can eliminate the cash flow and revenue requirements and decrease their market capitalization requirements to $160 million if their total assets total at least $80 million and their stockholders' equity is at least $55 million.8
Comment by RawSienna on Feb 15, 2022 1:40pm
Years Ended   October 31,   2021 2020   $ $ Total Expenses (17,705,211 ) (4,714,740 ) Other Income (Expense) (5,844,401 ) 42,135 ) Net Loss (23,549,612 ) (4,672,605 ) Loss Per Share (0.07 ) (0.01 ) Total Assets 4,513,512 708,763 Current Liabilities 10,981,270 2,551,448 Long-Term ...more  
Comment by RawSienna on Feb 15, 2022 1:48pm
Plus you still need a minimum stock price listing, you can't skip that. Listing Requirements for All Companies Each listing firm must adhere to U.S. Securities and Exchange Commission (SEC) Marketplace Rules for Nasdaq listings, including corporate governance rules 4350, 4351, and 4360.2   The regular bid price of shares of the company's stock at the ...more  
Comment by stockprobe19 on Feb 15, 2022 1:41pm
I don't have an answer to the question because I have no knowledge of Nasdaq and it's requirements and neither do you. That's a question you can ask management. You haven't answered my question about toal debt. 
Comment by KonnectTheDots on Feb 15, 2022 7:32pm
Stockprobe, I really don't understand why you post here. You claim to know all about how WMG is the only company in the world that can continuosly produce 99.9% pure magnesium (so where's the proof) but you say things like this: I don't have an answer to the question because I have no knowledge of Nasdaq and it's requirements and neither do you. What a load of total nonsence ...more