Mustang Energy Share Discussion Threads

[megaman2] 12/9/2023 07:41

Perhaps there is some hope as why bother ?

Must does not have £420 k to pay bmn so it's only option are shares..which are worthless if it doesn't re-list.

Either it's a tidying up exercise or they will try to raise and re-list . Little confidence they can do this given the history...surely Garnett want more cash for cellcube asap .

The $15 mill previously required is no longer needed as the $7.5 mill funding is already paid and they don't need to pay Garnett any more . Maybe these clowns can raise a few mill and list ? Who knows ...

[megaman2] 18/8/2023 06:34

My other train of thought here is bmn need additional funds asap and need to sell its vfrb holding . Proceeding here with another 6 months won't be attractive even then if it did list they will end up owning 60% plus ..try selling that down into the market . They are much more likely tobl try to sell to a private buyer with the shares in their current state ...if they can find one ..time is not on their side .

[megaman2] 17/8/2023 06:21

Now the initial deal isn't proceeding doesnt the FCA force must to either re-list or de-list ..there is no reason for a suspension. Bmn have not said they are re-negotiating?

Or is the ceo just stringing it out while the £10 ks last

[megaman2] 12/8/2023 09:47

The only glimmer of hope here is the two delusional clowns fortune and Mikhail want to use must to reverse be into to continued their empire of mini grid sales...

There is now no longer a requirement to raise $15 mill as half was to pay Garnett and the rest has already been paid leading to the backstop cln dilution . So they just need to raise enough for be must lights on and any further extra enerox funding...enerox is an unknown requirement

Given the above on reflection seeing that there is reduced funding requirements I'm expecting this may not be dead .

[begorrah88] 09/8/2023 17:03

The only thing they do have is an appalling record of failure & an even worse attitude towards the people who invested in them.

[vanadiumx] 09/8/2023 14:50

My brain hurts. Why did I ever get involved here?

[begorrah88] 09/8/2023 12:48

'Further updates will be provided when definitive and binding agreements are executed.'So........never then!?

[begorrah88] 09/8/2023 12:45

This line made me laugh out loud!!'....deferred until Readmission takes place....'So, long run up taken & can booted well & truly down the road with no suggestion of any time frames or guidance.DG pulls of another indefinite £10k per minth!

[jonny_wright] 09/8/2023 07:12

At this point I'd be delighted to get anything back at all, if this reopens I'll be selling at 08:01am whatever the price - I need to move on for the sake of my well-being.

[begorrah88] 08/8/2023 06:13

I think we are now moving into criminal territory.

To take everyone's money and fail to do the very first thing you said you would - issue a prospectus - for over 2 years is a shocking scandal but to then hide from your own shareholders, not reply to any enquiries, completely miss dates to update the market [dates that you came up with] & go missing with peoples money demands investigation.

I've contacted the FCA to ask what is going on. Don't expect much but a light needs to be shone on what has gone on here.

At least with other AIM scams [Afren etc] people at least got a chance to take money out, even if it was with dramatic losses, as the debacle unfolded, but here they just took the money & ran away.

[megaman2] 04/8/2023 08:39

Bmn investor meet new CEO just notes Garnett control and inevitable bmnn dilution ..suggesting the Garnett dilution terms kick in meaning no must



Refused to comment on must cln or must ..
Not focused on be carve out
Very much sounded like must is dead

[begorrah88] 04/8/2023 07:08

What a shocker! No news at the start of the day.In keeping with every single timeline DG put out & failed to meet.Probably get an RNS after close saying everything lost & then DG can scurry off to the pub laughing at all the mug punters who funded it all.

[megaman2] 01/8/2023 06:57

Well cellcube neeed to raise money it's more of a question if must can previous suitors Lind and prim elected bmn.shares.

Bmn are potlesss..

Suppose it comes down to if they can raise funds and at what price or is the dilution terms Garnett are offering better or equivalent ...

Bmn and acacia will be heavily diluted here they will choose the route of least dilution. Either list and raise or dilute via via Garnett paying the required cellcube funding ..

Now Garnett is in control they could call for funding asap if they want which would potentially render must finished as the are unable to move in time. They probably never even sent anything to the FCA ..
Just a massive hoax ..

[begorrah88] 01/8/2023 06:09

It wouldn't surprise me at all if we either don't hear anything within 7 days as DG said he would, as he really does like to miss every single deadline, or that we get a statement saying they have given Garnet 31 days to respond to their enquiries at which point they will review the CLN's & update the market [but they won't until a further 31 days has passed].

Any way for DG to keep that £10kpm income train rolling.

[jonny_wright] 31/7/2023 12:16

I wish I wasn't a shareholder of this, I don't think I will even get the opportunity to sell

[megaman2] 30/7/2023 09:30

Not looking good no mention of must in Rns and provisions made for the lack of availability of funding via dilution suggesting must isn't going to re-list even without Garnett ..

Absolute shambles missing deadline after deadline and keeping shareholders in the dark

[begorrah88] 28/7/2023 06:39

....The Company will update shareholders in the next 7 days on subsequent developments....


Well that's another £2500 in DG's pocket then.

All paid for by those shareholders he's kept in the dark.

[begorrah88] 28/7/2023 06:37

So now Gallegos has put out an RNS saying they note the BMN one!!!

Is he really going to claim he knew F. All about it and only found out this morning? and that for the last month+ he has just been waiting a return call?

Incompetence on an extraordinary scale.

[begorrah88] 28/7/2023 06:33

Doesn't look as though Gallegos even knew that MUST weren't going to be part of the future. Garnet have probably blanked him completely.

Either that or he's known for a while but was too ashamed to tell shareholders.