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Nope, it’s a lottery ticket! Buy some and never trade them. Cannabis and magic mushroom are the next big bubble sector you wanna be in right now.
All good folks, leave ya's to it.
If someone has been in this for 5-6 years since they bought Mgc Global you can understand them taking their multi-bag profits and selling and handing over to a new set of investors for the next leg of the journey
@Dan_Te my advice do your own research and don't believe everything you read specially coming from a 1 day old account....
Search the headings, see how you go, or they're all available on the ASX under: markets > historical announcements.
Hope it works out mate.
20 October 2017: $40 Million White-Label CBD Cosmetics Agreement Executed with Korean Cosmetics Manufacturer
30 October 2017: First Binding Sale Agreement with Varm Cosmo Signed for $8m, Additional Contracts to Follow
18 June 2015: MGC Signs €40,000,000 Cannabinoids Offtake Agreement (ticker: ERI)
Very odd post. Very odd
Ye thanks you sml fry i do see what you mean i have rolled the dice bow and put my money in and only now am I reading up on the company
Don't know why the links were removed, I'll try again...
https://wcsecure.weblink.com.au/pdf/MXC/01910236.pdf
https://wcsecure.weblink.com.au/pdf/MXC/01914479.pdf
https://www.asx.com.au/asxpdf/20150618/pdf/42z86zx0mcfyzm.pdf
Hi slimyo, be sure to research this company extensively. I first purchased MXC in September of 2016, I read exactly the same things back then, that I'm now reading here, ie: buy in, you cant lose.
I and others spent many hours putting the puzzle together the best we could with many missing pieces, that were not lost but concealed. If you (anyone) here is new to taking risks, I would think carefully about whether or not this is the company to place your money, unless you don't need it. The flip side of that coin being, the company is now far enough along to start making money, however the story was/is long winded and always full of holes.
As I said to my wife some months ago "London is our last chance to exit", gratefully, with knowledge of how MXC performs, I got out with 2 bags after tax. The positive was attaining capital gains discount, albeit 4 times over.
I notice there is talk of this new deal with SwissPharma, be aware that SwissPharma is not what you could be imagining it to be. You'll notice that MXC has stated what the deal is worth, to everyone but themselves.
Here is one of the many deals MXC has announced that returned $0.00: https://wcsecure.weblink.com.au/pdf/MXC/01910236.pdf
And further correspondence announcing additional contracts to follow: https://wcsecure.weblink.com.au/pdf/MXC/01914479.pdf
Here is an earlier deal, again that returned $0.00 to the company, this one was the start of it all, it's harder to find as it was before the reverse take over, when the company was in mining (ERI - Erin Resources), prior to that it was a health company, can't recall the ticker/name.
https://www.asx.com.au/asxpdf/20150618/pdf/42z86zx0mcfyzm.pdf
Long story short, please be careful if you're betting/investing your families well being.
All the best which ever way you go.
So its not a penny stock it could go to what ever. I just want to see what happens in a years time ye I've put all my money on this one I'm going to top up some more shares on Friday I just carnt help myself from looking everyday
ROFL if it went to £10/share it would have to be an over night miracle as who could hold out until £10 let's face it... (those with lots of wonga I guess!) :)
Man if this goes to £10
I don’t know what I would do
That’s a crystal ball situation and no one could predict that
If it gets to £1 it’s 20 x current share price - most people would bite your hand off for that
If it goes to £10 that’s all your wildest dreams come true :)
Good luck with that
"Hi I'm new to investing .Will this ever go over £10"
No one is gonna be able to answer that question !!!
And if they do...they are just guessing.....a lot of ifs, buts,maybes...
You have to just follow step by step and see how things progress
Hi I'm new to investing .
Will this ever go over £10
Hi I'm new to investing .
Will this ever go over £10