Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 > Two strikes and no balls
View:
Post by KonnectTheDots on Apr 27, 2024 4:27pm

Two strikes and no balls

Strike 1 :  $3.9 million dollar judgement against the company for nonpayment of an employee/breach of contract and allegedly one of the inventors of the proported technology (but since there were no patents who really knows if they had anything) 

Strike 2:  SEC investigation (normally that's not a good sign)

So what will be a strike three?

Criminal investigation?

Will the RCMP be looking into this?

oh hey wait a minute.... this company was re-domiciled in the US of A, right?
 

Wouldn't it then fall onto the FBI, department of Justice and other criminal agencies?

Stockprobe, is Ed still in DC, you know, right where he supposed to be (go figure)

It might be time and a good idea to head to a less corrupt country like Venezuela or Cuba. 

If they can charge, indict and convict (before a trial), a former president of the United States for fraud and fine him half a billion dollars when no one was actually defrauded they must be able to do something with these guys?

Not long now!

Right Bigrig?

Comment by zembala on Apr 29, 2024 10:55am
Tried to contact Ed and Sam. They both told me they are on their business trip. It has been 2 months. They are too busy to reply emails. Everytime they told me hopefully it will resume trading soon but I asked them if they have done the filing they said no because they need money to pay the auditing company. I don't think they really wanna solve the problem. Things will not happen by its own ...more  
Comment by KonnectTheDots on Apr 29, 2024 9:55pm
Thank you for sharing Zembala. You are absolutely right. Not only do they not want to solve the 'problem' it is obvious that they created it. If this thing was as red hot as they said in all of their news releases an audit would be trivial. It is evident that there is something wrong with the wunderkind Magnesium machine so they cooked up a reason to go dark. There has been no shortage of ...more  
Comment by AucontraireII on May 01, 2024 1:47pm
Yup KTD, you got it right.  This technology is so screamingly hot, so revolutionary, so profitable and so much in demand ...that ....that... oh wait... no problem.  It can wait another 14 months and counting until some trivial paperwork can be filed and some accounting done before it moves forward, no problem.  The rest of the manufacturing technology world is not that important ...more  
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities