Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
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Well done mgc, another new low achieved, next 0.04, 0.03, 0.00? When i saw the "however" after the pretty fluff at the start of that letter, i was expecting to read "we are selling up" but no, so there is still life in it... for now. Somehow.
With the price falling so hard (again) the post consolidation placing will raise a lot less than they need, avoid!
The Company is proposing to issue up to 31,000,000 Shares (on a postConsolidation basis) (Placement Shares) at an issue price equal to 80% discount to the volume weighted average price per Share (on a post-Consolidation basis)
traded on the ASX during the seven (7) trading days immediately preceding the Meeting (Issue Price).
Apart they will rice the capital thought new shares nothing change in developing new product and selling existing products is quite normal in investing
Small company's
The fee for selling is now higher than my initial investment. But thanks for you letter!!
" At least the MD has the decency to empathise through the letter. Many wouldn't have bothered."
haha ...well.... considering the new placing could bring a dilution of a whopping 87.5% if fully subscribed it is not surprising
...emphasising after potentially wiping out a fair few existing shareholders does not exactly help though, does it
These guys just churn out the shares and burn up the cash...they are experts at it
Just read the letter and the meeting document, real shame but unfortunate for shareholders.
Many a company has good products but fails like this the trick is not getting caught up in the technicals and focus on the business acumen of the people running the show. Easier said than done.
GLA
At least the MD has the decency to empathise through the letter. Many wouldn't have bothered.
In light of the dwindling share price management owe PI's some clarity on future timelines with FDA and the runway left. An Investor Meets Company presentation is long overdue.
Speaking of motions, I seem to recall an antipodean warning folk about this turd in 2021.
Was a motion passed today to sell the smeg up!??
Diamond handing to the max
I'm 96% down on this if I can get half back i'm taking it, I expected more from the company I invested in, it had some much potential. gla
If they did mean business, they would have broke even by now which was supposed to happen in 2022. Heading for the sewers im afraid
This company truly mean business. Unfazed by setbacks , delays, changes in market sentiment, and a challenging economic climate, IMO they will succeed. Go MGC!
CEO and managing director Roby Zomer said the company was delighted with the positive clinical trial results for CimetrA, which paved the way for its IND submission to the FDA next year.
“The potential addressable market for our anti-inflammatory and immunomodulating product is considerable and this represents a key milestone for the business,” he said.
Meanwhile, MXC recently received a vote of confidence in ArtemiC after receiving a second order worth $US1 million for the over-the-counter anti-inflammatory and treatment for moderate Covid-19 from AMC Pharma.
If we break .15 then we are heading back to .25, I think !
Excellent news indeed. Based on 'The MGC Pharma Theory, this will means that we'll be below 0.1p by close of business today!
I'm obviously joking and have all my fingers and toes crossed. As you have said before, it's all about patience.
GLA.
Significant news today from MGC in relation to the pre-clinical toxicology evaluation of CimetrA delivering positive results
* Study demonstrated full chronic safety and toxicology profile of CimetrA® in large animals was found to be totally safe.
* Supports previous pre-clinical and clinical data.
* An important step in the IND submission preparation for the US Food and Drug Administration.
The full briefing is at: https://www.londonstockexchange.com/news-article/MXC/positive-pre-clinical-trial-results-on-cimetra-r/16081373
Excellent news...
Good luck, Brighty
I think Bloomberg have been collectively eating those dodgy psychadelic shrooms....
We all know what mushrooms grow on... Kind of poetic really.....
Seems desperation move offering cash back on this share option scheme, lol be nice if current holders get cash back!
Well this is surely going to pump up the price, they imported a mushroom, I nearly fell off my chair laughing. Been a long time investor here but just that made it worth the loss. Still not selling have a great day all.
Wow, these guys dont give up. Zomer and co. will succeed in the end!
They've got to be the only people into weed and 'shrooms who don't make any money! :)