No more posts from me7 Aug 2020 00:54
I foolishly invested in this share a couple of weeks ago without doing proper due diligence. I got burnt and decided to get out although it cost me £1300. Don't cry, I deserved it and it's not a deal breaker as I don't ever invest more than I can afford .to lose.
What has really pee'd me off is that when I did do proper digging, it was obvious that something did not stack, well more than something..................several things.
1. When you look into the key directors involved, for several of them it's murky to say the least. We have people being arrested trying to enter the US, houses being raided by the authorities and dubious investigations in the UK over cash for questions etc.
2. Directors would appear to have taken out far more in fees etc, than they have invested.
3. In my mind, significant questions over the accounts, and I am not convinced about the advance payments to the contractors..................who are these 'contractors'?
4.Delayed accounts.................twice..........oldest trick in the book.
5. Very little income (in relation to the investment so far)
6. Out of date website possibly disguising a lack of progress.
7 Out of date websites of associated companies that have common directors with MPL.
I could go on but do your own research. It's not that difficult with this 'company'
What really ****es me off however is the fact that when you look at the trades on this train-wreck is that theyn are small, £200 to £600 on average. That tells me that it is probably small investors who could ill afford to lose their hard-earned money.
Do proper research before you invest in any company, draw your own conclusions and use common sense. Good luck and good-bye from me.
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