Western Magnesium Corp V.WMG.H

5 lawsuits. Total 20+ million

[Executer99]

5 Supreme Court lawsuits  totaling 20+ million in $

Probe. Please comment 

Let me guess - its all fake and we are all idiots

[MagInvestor1]

Hi All, Id like comments on the financial status of Western Magnesium?  How are they paying their fixed costs and employees who are making millions by the 4 top employees in the company?  This could be viewed as just a scam to pay these salaries on a long term basis?  Who approved these salaries?  500K for the CEO Ataya?  This is a valid question.  Thoughts?

[Sherry35]

I'm not doubting the vailidity of the lawsuits given the filings. However, you can ask for the moon but WMG is running on vapour. So, these lawsuits could remian on the docete for quite some time or payment could be deferred when the revanue is generated. You will agree with me that the lawyers are making the money in the end. Given the present fiancial situation, I now deem the plaintiffs

[MagInvestor1]

Hi Sherry, 100% agree WMC lawyers are taking all the money along with high executive compenation a close second.  You would think the top 4 would forgo their packages until they made something to sell and and positive cash flow from sales.  That would be the right thing to do.  You cant spin this any other way.  You dont pay yourself before you pay your bills and people. 

[MagInvestor1]

Sherry, Ed Lee, Sam Ataya, and Lisa Mizwell all make over $1.5M dollars a year.   Ed had 39M shares, Sam has 19M shares, Lisa has 9M shares.  What if they wouldn't have taken a salary the past for 4 years.  Thats well over $6M and would have put that money into the plant to actually make something to sell?  Dont you think thats a better use of the companies operating