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Are you for real we have all lost everything now. They screwed existing shareholders.
Ashamed to say it but these robbing b******s have taken me for £17000
15k down the drain with MGC. I won't be investing in any more companies that Stephen Parker is involved in. Period. I'm going to watch what he does at Sareum like a hawk from now on.
Had my 196000 shares purchased for £6900 now worth £40 and 196 shares. Bottom drawer and leave them to my wife when I die in a few years. Who know a may be enough for a bunch of flowers 💐
I got wiped out too. £7000 down to £40
I’m left with 196 shares 🥹😢😭
38p for 25k now
Could this have a rally after dropping 99% lol
Would cost me more to sell the shares than they are worth. Complete write-off. There will be a few who will continue to draw a wage . G.l to them..
Just need a 2300% rise now to break even
Price adjusted now back to a loss and about 96% down
Sold out last week
Is going to be washout mgs going through so much capital don't bring nothing back to books is gonna be ultramarathon for shareholders
It is a beautiful sight!! My god they will never see 28k pc rise haha. Fools gold for us
Im £30k up on new price, unfortunately just now need to adjust my portfolio on lse with the new price
R.I.P
Thank you.
A8lan its a share consolidation see below gl
https://www.morningstar.co.uk/uk/news/AN_1695720663026938600/update-mgc-pharmaceuticals-proposes-share-placement-at-80-discount.aspx
Hi, can someone explain to me what has happened to the shares I have in this company. Looked at them this morning and they have gone up 26,000 percent ?
Seems that its settled 15-20p
So any guesses as to where this sp will drop to once the suspensions lifted?
What the RNS should state is MGC Pharmaceuticals wipes out existing shareholders. Have these directors no shame? I took a stake in this company as I've been invested in Sareum for many years and felt that Stephen Parker's involvement with MGC would be a good thing. How wrong I was. I hope he now resigns from both MGC and Sareum.
MGC Pharmaceuticals Ltd (MGC Pharma, MGC or the Company) a European based pharmaceutical
company specialising in the production and development of innovative medicines for unmet medical
needs, is pleased to announce that following shareholder approval for a new share placement secured
at the Company’s General Meeting on 25th October 2023 (Placement), the Company confirms that it
has received binding commitments from sophisticated and professional investors (Investors) to
subscribe for US$8 million of new shares under the Placement, at an issue price of US$0.255 (A$0.40)
1
per share (on a post-Consolidation basis).
The issue of shares under the Placement is anticipated to occur in the next week, post completion of
the 1:1000 consolidation of capital, as approved by shareholders at the same General Meeting on 25th
October (Consolidation). Participants in the Placement will also receive one free attaching option for
every two shares subscribed for and issued. The options will be exercisable at US$0.32 (A$0.50) (on a
post-Consolidation basis), with a five-year term and will otherwise be issued on the terms and
conditions set out in Schedule 1 of the Notice of Meeting dated 26 September 2023 (Options).
Following the Placement, 31,000,000 fully paid ordinary shares and 15,500,000 Options will be issued
with shareholder approval under Listing Rule 7.1 (obtained 25 October 2023)
Not gone just yet. Qrt report doesnt suggest they are shutting up shop.
There goes all my money - so much potential but not surprised by the lack of leadership by an Israeli company clearly lining their own pockets . I should have listened to my gut instinct but the product was something I believed in.