Mega Uranium’s African mess

Mega Shareholders
Megames, AfricanĀ  September 15, 2009

Are the shareholders aware of the loses incurred by the public officers because of negligence :
1. US$ 35,000 (LOSS) – Legal Fees – Lost court battle in SA and Mega Uranium subsidiary was liquidated
2. US$ 54,000.00 (LOSS) – Cash in bank – Mega Uranium subsidiary was liquidated
3. US$ 246,000.00 (LOSS) – Drilling Machine – Mega Uranium subsidiary was liquidated
This equates to a loss of more than US$ 335,000.00 LOSS which is a lot less than creditors were owed in SA for which Mega Uranium refused to settle.So is this the way shareholders funds should be used?

Megamess: Mega Shareholders

Tags: , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Connecting to %s


Follow

Get every new post delivered to your Inbox.