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Sagacity - and u have taken the time to write all that on a Saturday afternoon purely out of the goodness of your own heart as you don’t want others to make a loss?! How very kind hearted of u!! ?? your agenda is so painstakingly obvious! How about let the grownups invest how they please and take your childish games elsewhere? Don’t like a stock? Fine. Go elsewhere then.
Another one Bites the dust !
This is my first post on this website, over the last couple of weeks I wanted to diversify my portfolio (normally I invest in large caps that pay dividends) with 2 AIM stocks that I thought had potential to be very good growth stocks. I bought MXC and another stock and was hoping in 5 - 10 years time the SP would be at least 50p to even a £1 a share which would have given me a very nice profit. I read their website and looked at the potential this company could have. I have also read the comments on this BB since I bought the shares, however I looked more deeply into the Interim financial period to December 2020 (school boy error, I should have done this at the start) and there was a few worrying signs that MXC may not even be here in 5-10 years.
1. Net tangible assets per ordinary share are -0.02. This means MXC has nothing to borrow against if it needs to raise further finance. If it was making millions of pounds you may think its nothing to worry about but this company is not.
2. Profit was - £5,926,816. I knew they were struggling and that is why it went onto the LSE to raise further funding, however at the time I missed under Equity 'Accumulated losses' - £68,327,630. That is a massive loss when their revenue was only £741,911 and Total Equity reduced to £1,039,470.
3. I know MXC needed to raise funds by issuing shares, but they now have 2.19 Billion shares and on their website they are having a 'Notice of Meeting and Incentive Share Plan' on the 31 March 2021 with performance rights to give 7.2 million performance rights to Directors and 14.8 million performance rights to employees. A total of 22 million further more shares, which will dilute the SP and could potentially result in SP reducing further as more shares are issued. Hopefully MXC will buy back some of the shares to reduce the amount of shares outstanding. 2.19 Billion shares outstanding and as per Simply Wall Street website Roby Zomer co-founder only owes 1.48% of the shares and Nativ Segev (Founder and Non Executive) owns the most shares, but only owes 2.38% of the overall shares. 89.9% of the shares are to the general public.
4. Yes they got a $5 million cash grant to establish ArtemicC products in Malta, however I am not sure if the construction of this facility has even started.
5. Also they raised $15 million with a securities financing agreement with Mercer Street Global Opportunity Fund, however what funds are they using to pay this back?
I have to say after taking the above into account I personally cashed out yesterday but I will be keeping an eye out on this company and hope they do will and hopefully they will reduce the amount of shares and hopefully start to get into profit soon. I may then invest back into this property, however if you have invested in this company please read the accounts of this company. All of the above you can find on the MXC website.
If these guys were not to make money out if this, they would not be putting in so much effort for slating this company. FACTS.
morning.....with respect, you don't sound like you have been living on planet earth for very long......welcome..
You appear to be currently standing on the bottom rung of the ladder of experience.
" the company needs to decide to follow up on that or not. "
Haha I love it...a bit like the FCA ...message filed in the recycle bin more like
You should come over to England and listen to the Prime Minister...go to bed and read all the b*llocks that bloke spews out
Spend a week or so in the Financial district of London and meet all the guys with your interests at heart
The SE of England is built off the stock market and the Financial District.....good luck getting the FCA to deal with all that goes on there ...you will get the copy and paste message everyone gets " We are looking into it " :-)
Jacksonsmith used the phrase " I wonder if this is where...."
You clearly didn't see that part .... there needs to be an allegation before you can accuse someone of one
You did the same nonsense with me...grow up
" So I'm not trying to scare anybody."
with respect... you probably couldn't scare a mouse , you are way too inexperienced ...anything you say is of tiny significance compared the scares that go on in the REAL WORLD
Time to grow up a bit mate....put away your silly posts ..
As you might already know, libel and slander are when somebody makes a false or untrue statement or claim about an individual or an organization that harms their reputation or good standing. Both are classed as defamation but there is an important difference between the two - libel concerns written or drawn statements, whilst slander concerns spoken defamatory words.
So I'm not trying to scare anybody. what I'm trying to do is just send these back to the company I invest in.
this is my right to know if the allegation made with jacksonsmith is right or false.
the company needs to decide to follow up on that or not. becouse this is a public forum so if anybody reading his post here you give me one reason why they should invest in the company which has been accused of being a scammer. also what happened to the people who have already invested in the company and now somebody telling them the company is a scam.
my advice to you is as well be careful what you are writing in a public forum.
It's Sat morning, so I better go mow the lawn, just catching up on your Fri. night discussion(s).
If any of you get a chance, look into 'mycell' and if it's patented as MGC have stated, I can only see that a trademark is pending, since Nov.
500k was paid to Graft Polymer to develop the nano-partical delivery system, of which I took to be already developed by Micelle Technology AG the parent company of SwissPharma, both of which are younger companies than MGC.
Has no one got anything better to do on a Friday evening?
Perhaps not bad words, as much has been buried.
Bearing in mind the contributor has/had ties to the company.
Trying to scare people into submission is a dated tactic.
When you do email your screenshot(s) to the company, do your fellow holders a favour and ask if Brett has a copy of the 'whatsapp episode' screenshots and if he's happy to supply them for you to share.
Incase you overlooked this part....
"further drawdowns under the agreement are subject to the discretion of both the Company
I’m living in Australia at the moment and what I will say is, apart from hot copper, I can’t find a single bad word being said about this company anywhere on the internet.
I’ve no idea where this share will go in the future but there’s nothing out to suggest this isn’t a normal pharma company.
Just google the name.
bro, there is no delete option here. don't try LOL
in the UK all companies before listing on the market need to get to FCA first. ( Financial Conduct Authority ).
"I have been following MXC for years as part of my research and understanding into how lifestyle companies and dog stocks work"
"It is also waaaay to close to home for me that Roby and Bret have also recently spun up new companies and registered them. (I assume because they also know the MXC ship is sinking) They also have much the same spin on what MXC was doing. I wonder if this is where MXC IP and items that they sold off went. sold off into new companies that they also run."
so you try to tell us they are a scammer and somehow they manage to scam the FCA and listing themself on the main market in England.
if I was you I was trying to watch myself what I'm saying in public BB.
what you just said it's a big claim against the public company.
I will screenshot this and email it to the company. these days is very easy to find the people from them IP address.
Ok you been following MXC for years, and its highly appreciated your concerns re the company but a point only needs to be made once, possibly twice but a few times it tends to have the opposite effect and obviously you being a intelligent person would know this for sure?..
I never said I was in a loss position and if I am in the future then that's poor judgement on my behalf or someone else who is invested to!, but what I struggle to understand in my old skool world is people constantly trying again and again to reiterate a point for what reason? you tell me, Id take it on my chin as my decision and my homework and what I believe in, if some are influenced by a stranger on a board then bigger fool them, at the end of the day someone will be eating their words or maybe not, time will tell
You are boring the sheiteee out of the majority of folk here with your incessant, repetitive diatribe, if you hate it so much just invest in Boots or summat safe but boring
It did concern me ..the conflict of interest
Mr Smith in company A invoices..Mr Smith in Company B
All the companies that you mention are now registered in London alongside the main one where the £6m sits..
I am not suggesting anything is wrong with that...merely the conflict of interest
FACT + fluff story does not = FACT no matter how much you want it to be by saying - see here one of the numbers is true.
I see that you know how the MXC game is played though a great example.
Sorry if you currently have losses, but if you had studied the books in the first place...maybe things would have been different..
Treat it as a learning curve...believe me anyone who has any experience in this game has paid too much for a tiddler company...me included
I bought into a graphite mine..graphite was the big thing...turned out a bad bet..got sold and reversed into a gold mine in Australia funnily enough
if you just so those numbers you talking about and invest here that's very bad. but you learn your lesson next time do your research before you buy-in.
and that calculation is base on FACT on RNS, otherwise, you try to tell us the company tries to mislead the investor with RNS and Scamming us.
also, you didn't tell us what is going on between you and this broken ship?
why are you here?
@ jacksonsmith .....Out of the goodness of your heart they you joined a board to rip apart a companies books and dealings past, present and future, all for us who have bought shares to stop us losing money, and I thought there wasn't kindness in the world haha...im sure we all feel blessed by your concerns for our possible financial loss. If it floats your boat carry on!
ok my GRAFT POLYMER IP LIMITED could be fluff - but I assume i expressed it enough that it was 'way to close to home' vs a fact from the books.
@Ehsan - you are talking about the 'fluff story' I'm talking facts on the books. very very different. you can fluff it up all you like but that's not what the books say. You can say malta is great malta is awesome, but malta isn't on the assets list.
you can say we have gmp facility can produce products etc, but again its not on the books.
you can say we have good phama product IP and we are going to fight covid. But again its not on the books.
"we don't know how much those will add up to revenue."
its in the books!!!!!! DOWN for 2021.
what am I doing here? stating facts from their books what are you doing here? fluff fluff fluff.