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30-08-2017, 04:53 PM
#541
Trading likely to be suspended on 31 aug5ust due to failure to finalize 30 june finacial statements.
Likely to be a material impairment of assets.
On going funding discussions continue without agreement.
And hoping to continue expansion of flight test programme and customer capability demonstrations within current financial constraints. I interpret this to mean executive's last chance at business class travel to exotic locations!
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01-09-2017, 03:27 PM
#542
As flagged. Suspended from trading today. Never a good look!
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05-09-2017, 10:59 AM
#543
In today's news so murat be true but probably been reported earlier. Apparently engine need an overhaul every 10 hours and there is another 3 years of engine development work ahead before a commercially craft is ready for market.
I can understand the sellers but why on earth would anyone want to be a buyer. The IP can't have any real value and i don't recal there be any other tangible assets.
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19-09-2017, 01:14 PM
#544
Financial statements expected to be completed early - mid September and still no sign of them. Consequently still suspended. Look is getting worse.
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22-09-2017, 07:37 PM
#545
Back up and running again today. 6.4 cent buy, 20 cent sell so quite a gap in expectations
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23-09-2017, 12:01 PM
#546
The money go round makes no sense. KuangChi Science have given it another $10m. This is a life line that will allow one more year of operation. Trouble is there are three more years ahead just in engine development and still no sign of a commercial business proposition. For some reason KCS are intent on flushing money through MJP
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17-10-2017, 03:41 PM
#547
Jon Mayson and Steve Bayliss (2 of the five directors) resigning on 31 October. Share price down to 5 cents. no quite its lowest ever at 4.99. But close
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19-10-2017, 01:53 PM
#548
Didn't take long before today hitting 4.8cents . A record all time low.
One cheeky bid in for 499,997 shares at 0.5 cent.
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27-10-2017, 01:29 PM
#549
Today. 4.8, 4.7, 4.6 and now 4.5. Is this the slowest crash landing ever? (that little cheeky still lurking there at half a cent. Even at that price I'd have thought they would have something better to do with there money
Edit later in day to 4.3 and 4.2
Last edited by minimoke; 27-10-2017 at 02:22 PM.
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02-11-2017, 04:31 PM
#550
Cant afford to take an eye of this one. nudged 3.9 cent today.
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