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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 > they said they can’t get funding because of Jim lol
View:
Post by Executer99 on Oct 03, 2022 7:32pm

they said they can’t get funding because of Jim lol

During this period where Mr. Sever failed to perform his duties, several investors with intent to provide over $10 million in funding gave up on Western Magnesium due to Mr. Sever's abandonment which caused Western Magnesium to be unable to produce suitable bench processes and engineering specifications.
Comment by Sherry35 on Oct 04, 2022 8:19pm
Who is the defendent in the BC filed lawsuit?
Comment by RawSienna on Oct 05, 2022 9:31am
Sever filed it against WMG
Comment by Sherry35 on Oct 06, 2022 12:22pm
RSienna - The USA lawsuit case had Sever as the defendent. In the BC case, Sever is the plantiff. The USA lawsuit got punted to Canada. I''ll conclude with this -> restructure the executive team.
Comment by RawSienna on Oct 06, 2022 12:47pm
After a little digging on Delaware where they re-incorporated the business it appears it is much more favorable to have the case heard there as they heavily favor the business over an individual in most lawsuits and that's why it's a favored state for incorporation. The fact that Sever's case gets heard in Canada is a blow to WMG in my opinion. I also believe Sever and Ataya hated each ...more  
Comment by Sherry35 on Oct 06, 2022 2:39pm
As I pointed out earlier, the USA Federal and State governments aren't going to use tax payer money to fund a private company with legal issues. No ploitcian will sign endorse this for polictical reasons. WMG CEO needs to measure the optics of the situation the company is in under his rein. Rule #10 - Continulously measure the optics in order to manage the company's business objectives ...more  
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