Martin Jetpack

[minimoke]

One of the main reasons why the Martin Aircraft jetpack in its current form will never be a commercially viable product

Attachment 9511

I've sent my consultants invoice to them already. Perhaps you could tell them what is wrong with that picture and send an invoice as well. $milions in salaries weren't able to figure that out from the get go.

[minimoke]

If you havent bailed already the clock is now ticking. Request today for removal from the ASX. Shares will be able to be traded on the NZ Unlisted share register.

Oh - and a $5.5m half year trading loss reported today as well.

[minimoke]

Didn't I tell you to bail!. Down to $0.02 today!

Edit: and some people even prepared to stump up with $0.016 to get their hands on some. Amazing!

[minimoke]

Having struck $0.019 today Market cap is now $7,540,000. Less than the loan from the chinese.

[Sideshow Bob]

This thread will have to be shifted MM......

https://www.stuff.co.nz/business/101...loss-quits-asx

[minimoke]

This thread will have to be shifted MM......

https://www.stuff.co.nz/business/101...loss-quits-asx

Yup - I flagged this in post 573 above. For a while longer thought it gets to live on the ASX.

Time is running out for holders to quit their loss. Current market cap is $7.1m which would rank it about second from bottom on the Unlisted exchange. Once on the Unlisted exchange al liquidity virtually dries up. Losses only set to increase.

Surprised to see in the press release they have gone back to the Series 1 engine. There is something very suspect about this company. That news should be a market announcement as it is a major setback - given that engine has a 10 hour operational life. There is no economic model that could possibly make that a viable purchase by anyone. Unless The chinese have some other reason for "laundering" money through this business. Series One is obsolete ICE technology. If I was a supplier I would be wanting cash in advance, with a bond to cover additional costs. If I was an employee I'd be on weekly cash pay with no entitlements owing - and making sure my Kiwisaver deductions had been paid. If I was a jetpack buyer I wouldn't even bother with a guarantee as this company wont be around to honour it.

[minimoke]

Didn't I tell you to bail!. Down to $0.02 today!

Edit: and some people even prepared to stump up with $0.016 to get their hands on some. Amazing!

Today down to $0.014. Market cap $5.5m. Glen might be emptying out his back shed at this rate.

Edit: Today down to $0.013. Market cap $5.1m.

[minimoke]

Clock is now seriously ticking. Special meeting to be held on 1 May. A month or so from then delisting. After that expect nil liquidity. Price gone from 1.8 to 1.4 cents today.

[minimoke]

Cant say you weren't warned. SP now down to a cent. Market cap $3.9m

[minimoke]

Oh dear. Now down to $0.009. This places it at No 4 from the bottom of the NZAX